An Initiative to Support Entrepreneurs and Innovators Through Prototyping Grant (up to Rs 10 lakhs), Business Mentoring, Networking and Facility Support
This programme is specifically designed for entrepreneurs and innovators who are trying to build physical technology product(s) in various sectors such as healthcare, biotechnology, clean technology, energy, water, agriculture, manufacturing, IoT and more. The selected startups will receive funding support in the form of a grant for prototype/PoC development. Business mentoring will be provided from early on to make sure that the developed products have solid commercial viability. Moreover, VentureStudio team will also provide support to these innovators in terms of connecting with partners, vendors, customers/users & investors. In summary, the programme will provide holistic support to the selected startups to convert their product ideas into prototypes and from thereon into successful businesses.
Each selected startup will receive a grant of up to Rs 10 lakhs to develop the prototype or PoC
We will provide one-on-one business as well as commercialisation advisory, and support
You will have access to VentureStudio & NIDHI-PRAYAS’ network of experts, partners, early adopters and more comprising a strong community of over 140 startups and entrepreneurs
You will have access to VentureStudio and Ahmedabad University’s labs and resources, including coworking spaces, the bio lab and the fabrication shop
Technology based product proposals in various sectors such as Agriculture, Healthcare, Manufacturing, Engineering, IoT, BioTechnology, Medical Devices, Water, Waste Management, Energy, Climate Tech etc.
The eligibility criteria for the grantees are as follows:
NOT ELIGIBLE FOR PRAYAS
BENEFITS TO NIDHI-PRAYAS RECIPIENTS (PRAYASEE)
TERMS OF ASSOCIATION & DESIRED OUTCOMES
IT WILL NOT BE USED
The support/funds should be mainly for prototype development work/proof of concept.