Under NIDHI Prayas scheme, DST will set up 10 Prayas centres all along its incubators. These centres will work to address the gap between idea and creating a sample product for funding. To provide funding for early stage startups “NIDHI Feed Support” system will work. Whereas, to take excellent startup ideas at global level “NIDHI Centres of Excellence” is there.
So far DST has supported 100 technology focused incubators across the country and aims to help about 15-20 other incubators. It offers a seed incentive to every startup that is part of its incubators. In turn, incubator invests the same in the form of debt or equity in the companies.
The main stakeholders of NIDHI scheme include different Govt. and non Govt. departments, ministries of the central government, state governments, institutions, angel investors, VCs and many others who wants to a part of the growing Indian Startup ecosystem.
[*1 USD = 66.97 INR ]