Deadline: 15-Sep-20
Applications are now open for Amrita TBI NIDHI-PRAYAS Programme in India.
Amrita Technology Business Incubator is one of the approved NIDHI-PRAYAS centers by National Science & Technology Entrepreneurship Development Board (NSTEDB), Govt of India. The NIDHI-PRAYAS programme would provide a grant of up to Rs 10 Lakhs to an aspiring innovator or a startup to build their ideas into a prototype.
Amrita TBI is a non-profit startup incubator supported by Govt. of India and Amrita Vishwa Vidyapeetham that fund, mentors and nurtures ideas, startups and entrepreneurs.
Preference may be given to those innovators
- Who have bootstrapped or have got co-investment commitment.
- Who have clear road map for commercialization or start up creation.
- Women innovators
- Young innovators
Focus Areas
- Manufacturing
- Healthcare
- Energy
- Agriculture
- Internet of things
- Clean tech
- Water
- Other Technology Areas
Benefits
- FUNDING
- A grant of up to Rs 10 Lakhs to build the prototype.
- SERVICES
- DISCOUNTED SERVICES
- $1000 credit from AWS for Amrita TBI Incubated startups and $5000 credit for funded startups
- $3000 credit from Digital Ocean for Amrita TBI Incubated startups
- Discount up to 20% from a host of partners for accounting, legal services etc.
- GST EXEMPTION
- No tax for revenue upto INR 50 lakhs per year for a period of 3 years.
- CO-WORKING SPACE
- Incubation and co-working spaces in Kollam, Bengaluru and Coimbatore with access to 100+ cutting edge multidisciplinary labs at Amrita Vishwa Vidyapeetham.
- VC NETWORK
- Access to VCs and angel investors for scaled funding.
- MENTORSHIP
- Amrita TBI mentorship program brings in both national mentors and international mentors from Silicon Valley & Singapore with varied experience across multiple domains and sectors.
Funding Information
- The Amrita TBI NIDHI-PRAYASEE will be eligible for a maximum grant of Rs 10 lakhs. Amrita TBI NIDHI-PRAYASEEs will be monitored very closely for the targeted milestones and are required to submit periodic progress reports.
Eligibility Criteria
- The PRAYAS applicant should be a citizen of India in the age group of a minimum of 18 years of age, as on date of application. An Indian citizen is defined as one who is in possession of a government-approved proof of nationality such as a valid passport, voter’s id etc.
- The applicant has to be a single person. When a team or a group of students wants to pursue the project, then there has to be an agreement among the group about the lead applicant though financial support can be given only to the single applicant.
- The NIDHI-PRAYASEE should be registered for the incubation program at Amrita TBI for the entire duration of NIDHI-PRAYAS support.
- Student applicants pursuing long-term research projects like doctoral research projects or similar projects will not be supported; however, student entrepreneurs will be eligible if they have the right to commercially exploit the technology.
For more information, visit https://www.amritatbi.com/prayas.html