{"id":949,"date":"2024-05-13T00:00:00","date_gmt":"2024-05-13T00:00:00","guid":{"rendered":"https:\/\/rize.blog.razorpay.in\/nidhi-sss\/"},"modified":"1970-01-01T00:00:00","modified_gmt":"1970-01-01T00:00:00","slug":"nidhi-sss","status":"publish","type":"post","link":"https:\/\/razorpay.com\/rize\/blogs\/nidhi-sss\/","title":{"rendered":"National Initiative for Developing and Harnessing Innovations- Seed Support System (NIDHI-SSS)"},"content":{"rendered":"

Components of NIDHI Scheme<\/h2>\n

The key components of NIDHI are:<\/p>\n

1. NIDHI-GCC<\/strong><\/h3>\n

Grand Challenges and Competitions for scouting innovations;<\/p>\n

2. NIDHI-PRomotion and Acceleration of Young and Aspiring technology entrepreneurs (NIDHI-PRAYAS)<\/strong><\/h3>\n

Support from Idea to Prototype<\/p>\n

3. NIDHI- Entrepreneur In Residence (NIDHI-EIR)<\/strong><\/h3>\n

Support system to reduce risk<\/p>\n

4. Startup-NIDHI through Innovation and Entrepreneurship Development Centres (IEDCs)<\/strong><\/h3>\n

To encourage students to promote start-ups in Institutions<\/p>\n

5. Start-up Centre in collaboration with MHRD<\/strong><\/h3>\n

To drive entrepreneurship and innovation in National Institutions of Higher Learning<\/p>\n

6. NIDHI-Technology Business Incubator (TBI)<\/strong><\/h3>\n

To help convert Innovations into startups<\/p>\n

7. NIDHI-Accelerator<\/strong><\/h3>\n

Fast-tracking a start-up through focused intervention<\/p>\n

8. NIDHI-Seed Support System (NIDHI-SSS)<\/strong><\/h3>\n

To provide early-stage investment<\/p>\n

9. NIDHI Centres of Excellence (NIDHI-CoE)<\/strong><\/h3>\n

A World-class facility to help startups go global<\/p>\n

Focus Areas of NIDHI-SSS<\/h2>\n

Technology-based product proposals in sectors such as agriculture, healthcare, manufacturing, engineering, IoT, biotechnology, medical devices, water, waste management, energy, climate tech, fintech etc.<\/p>\n

Eligibility of NIDHI-SSS<\/h2>\n
    \n
  • Must be a registered company in India with a minimum of three months of residency at the Science and Technology Entrepreneurs’ Park (STEP) \/ Technology Business Incubators (TBIs).<\/li>\n
  • Must be an Indian start-up.<\/li>\n
  • Must have Indian promoters holding the shares of at least 51% in the incubated startup.<\/li>\n<\/ul>\n

    Please note:<\/em><\/strong> This assistance is not intended for Indian subsidiaries of multinational corporations or foreign companies. However, individuals holding Overseas Citizens of India (OCI) or Persons of Indian Origin (PIO) status will be treated as Indian citizens under this scheme.<\/p>\n

    Application procedure for Startups<\/h2>\n
      \n
    • Website and newspaper ads are posted to signal the availability of seed support at specific incubator organizations.<\/li>\n
    • Social media posts announce the call for applications.<\/li>\n
    • Applicants are shortlisted based on eligibility criteria.<\/li>\n
    • The NIDHI-SSMC makes decisions regarding the shortlisted applicants.<\/li>\n
    • Selected applicants are chosen for funding.<\/li>\n<\/ul>\n

      Benefits of NIDHI-SSS<\/h2>\n

      Seed support of up to INR 100 Lakhs <\/strong>with average financial seed funding ranging from INR 25 Lakhs<\/strong>.<\/p>\n

      Other assistance areas include:<\/p>\n

        \n
      • Product development<\/li>\n
      • Testing and trials<\/li>\n
      • Test Marketing<\/li>\n
      • Mentoring<\/li>\n
      • Professional Consultancy<\/li>\n
      • IPR issues<\/li>\n
      • Manpower for day-to-day operations<\/li>\n<\/ul>\n

        Frequently Asked Questions<\/h2>\n","protected":false},"excerpt":{"rendered":"

        Explore how NIDHI SSS scheme is fueling innovative startups with vital funding and mentorship. Learn more.<\/p>\n","protected":false},"author":1,"featured_media":950,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/posts\/949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/comments?post=949"}],"version-history":[{"count":1,"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/posts\/949\/revisions"}],"predecessor-version":[{"id":1285,"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/posts\/949\/revisions\/1285"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/media\/950"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/media?parent=949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/categories?post=949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/rize\/blogs\/wp-json\/wp\/v2\/tags?post=949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}