Individual innovator: He/she is required to be an Indian Citizen with at least 18 years of age as on the date of application. An Indian citizen is the one who is in possession of a government of India approved proof of nationality such as a valid passport, voter’s id etc.

Existing incubatee of a PRAYAS centre (Incubator): a) The company is less than 2 years and wants to develop the prototype of the product for which they are incubated and for which they may have not received similar kind of support. b) Company should have no significant revenue at the time of application.

Team of individual innovators: If the team wants to pursue a project, then there has to be an agreement among the team about the lead applicant and the lead applicant has to apply for NIDHI-PRAYAS. The financial support (after the selection process) will be given to the lead applicant on behalf of the team.

Preference will be given to those innovators

1. Who have raised a portion of the project cost themselves or have secured co-investment commitment.
2. Who have a clear road map for commercialization or start up creation.

Among the innovators who are applying for NIDHI – PRAYAS satisfying all the requirements, preference will be given to Women innovators and Young innovators.