Top Ranked University in India | Vel Tech Rangarajan Dr.Sagunthala R&D Institute of Science and Technology

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Transform your business idea into a successful startup through Nidhi PRAYAS



  • To enable translation of an innovative idea to a prototype.
  • To provide a platform for faster experimentation and modify approaches in the idea to market journey.
  • To generate innovative solutions relevant to the local and global problems.
  • To attract a large number of youth who demonstrates problem solving zeal and abilities
  • To work on their new technology/knowledge/innovation based startups.
  • To enhance the pipeline in terms of quality and quantity of innovative startups to the incubators.
  • To build a vibrant innovation ecosystem, by establishing a network between innovators, academia, mentors and incubators.

NIDHI- PRAYAS Program as the scheme suggest is to help – young and aspiring innovators.  The focus is to provide support/funding from idea to prototype.

The priority areas for supporting innovations under NIDHI PRAYAS program are manufacturing, agriculture, healthcare, clean-tech, energy, water and Internet of Things (IOT) and other technology areas.

The maximum support can be provided per innovator/incubatee is upto Rs. 10 lakhs.

Eligibility for Innovators for PRAYAS support

The PRAYAS program is focused to provide funding support to individual innovators. Innovators should use the PRAYAS grant, primarily to convert their ideas into prototype. The IP generated if any, should vest with the Innovator / Start up.

It cannot, however, be used for supporting: –

  • Innovators / Start up who do not / will not own the Project know how/ IP
  • Funding research / student internship in Academic institution or R& D organisation
  • Innovators /Team/ Start up who is already supported once under NIDHI PRAYAS
  • Innovators who do not have the necessary NOC on IP, granting sufficient time to work on PRAYAS project from their respective organisation / institution
  • Innovator supported under NIDHI-EIR in parallel with NIDHI-PRAYAS
  • Innovators who do not have a roadmap / will towards commercialization


The eligibility criteria for the applicants are as follows

Any individual applying for PRAYAS has to be an Indian Citizen with a government approved proof of nationality such as a valid passport, voter’s id etc. The applicant should be in the age group of minimum of 18 years, as on date of application.

1. Individual Innovator OR Team of Innovators: –
The innovator should have the knowhow of the PRAYAS project. For team of innovators there has to be –

  1. An agreement among the team about the lead innovator who would apply, and the funds will be transferred to the lead innovator’s account (after selection)
  2. IP generated would vest with the innovator / team and it would be further taken for commercialization

2. In case of Founders, Co -founders of Start up applying for PRAYAS:-

  1. At the time of application, the period of existence of a start up and its operations should not exceed 7 years from the Date of Incorporation,
  2. Wants to develop the prototype for a new product, for which they may have not received similar kind of support.
  3. Company should have annual turnover not exceeding Rs. 25 lakhs for any of the financial year since its inception
  4. IP generated would vest with the start up

3. Innovators in employment OR Students with any R& D organisation / Academic Institution:-

  1. It is mandatory that the innovators pursuing PRAYAS should have the Project know how and own the IP.
  2. The innovator has to seek the NOC from their organisation / institution. The NOC should have the following
    1. Permission to apply for PRAYAS and the innovator will be granted sufficient time to work on the PRAYAS project,
    2. IP generated would vest with the innovator / team and it would be further taken for commercialization

4. Preference may be given to those innovators

  1. Who have bootstrapped or have got co-investment commitment.
  2. Who have clear road map for commercialization or start up creation.
  3. Women innovators
  4. Young innovators

5. The NIDHI-PRAYAS grantee should be registered for the pre-incubation or incubation program at the TBI for the entire duration of the program, after going through the TBI’s selection process.

6. NIDHI-PRAYAS grantee should be fully committed to work towards the prototype development for which the support is being sought and should not treat this as a stop gap arrangement to support any other pursuits.

7. The innovator can avail the NIDHI-PRAYAS support only once and they should not have sought the similar support previously, from other Government of India organisation/Institution for the same innovative concept as proposed in the application form.

Restrictions for PRAYAS

  • Student applicants pursuing long term research projects like doctoral research projects or similar projects will not be supported
  • Professors or Academicians engaged in teaching with any academic or R&D institute.
  • The projects relating to software development and those involving pure academic research are not eligible.

List of Innovative Ideas Supported in First Year

S.No. Name of Innovator Company name Title of the project Domain of the Project Amount Sanctioned
1 Srinivasan Yagnanarayanan Square comp Solutions (Proprietary) Virtual Reality Headsets for Smartphones Manufacturing 9.5 Lakhs
2 Raghuveer Ramachandra GaloreTX Phamaceuticals Private Limited Discovery of a selective and orally bio available small molecule inhibitor of CTLA-4 for immunotherapy of cancer Health Care 10.0 Lakhs
3 Aadhitya Fearless thinkers (Partnership) Bio-Combin Clean 8.10 Lakhs
4 Rudresh Karn O Print(Partnership) O Print (Low cost 3D printed cosmetics) Manufacturing 30K
5 Hemalatha.P Smart Dustbins (Proprietary) Smart garbage Monitoring System Manufacturing 30K
6 Manova L.M Haastofix (Partnership) Aquatic Drone Water 5.0 Lakhs
7 Singaravelan V Kaveri Aerospace (Partnership) Production of Low Cost Portable Brown’s Gas Torch Energy 7.30 Lakhs
8 Santhosh Muralidharan Blinkeyelabs Electronics Private Limited AI based IoT Automotive Solution IoT 10 Lakhs
9 Kaviyarasu P Virtual Sapiens (Proprietary) Development of Virtual Reality based Teleportation bot for remote access Manufacturing 5.0 Lakhs
10 Preetha.T.S Electric solar vehicle (Partnership) Electric Solar Vehicle-Car Frame Design and HUB Motor Driving System Energy 30K
11 Sathyanarayanan A R Embright Infotech Private Limited Auticare – An Autism Diagnosis & Therapy Module Health Care 10.0 Lakhs
12 Lakshana Krishnan Lak’s Handloom Creations (Proprietary) Laks Handloom Creations Manufacturing 3.0 Lakhs
13 Parithi Govindaraju Okulo Aerospace Private Limited Solar Powered High Endurance Aircraft for Remote Operations (SPHEARO) Energy 9.0 lakhs
14 Murugesh Kumar SK SCERMLIND Healthcare Innovation Private Limited URUFIT IoT 4.0 Lakhs
15 Deepak Kumar D.R GreenPod Labs Private Limited GreenPod Active Packaging Agriculture 5.0 Lakhs
16 Manasa Gonchigar PureScan AI Private Limited Pure Scan AI Agriculture 4.20 Lakhs
17 Rudra Nath Ghosh Regenco Innovation Private Limited Affordable 3D Bio-printed skin templates as a Commercially viable skin Substitute Health Care 9.0 Lakhs

List of Innovative Ideas Supported in Second Year

S.No. Name of Innovator Company name Title of the project Domain of the Project Amount Sanctioned
1 Chitra. K Jeshron Biotech Solution Private Limited, Chennai Fabrication Of Novel Bovine Teat Cup For Prevention Of Mastitis In Dairy Farms Manufacturing 8.25 lakhs
2 Janakiraman JK Technologies (as a partnership Firm), Bangalore Retinal Imaging System Health Care 7.5 lakhs
3 Rayala Yoganadha Sai Garage Valley Private Limited, Hyderabad Automatic Sanitizer Dispenser Health Care 3.5 lakhs
4 Sabariswaran S Brain Buds (MSME – Proprietary) Ergonomic wheelchair for geriatric care Manufacturing 8.5 lakhs
5 Satyajit Jagtap Insculpt Technologies LLP STEM Education for Future EduTech 10 lakhs
6 Prajwal Shetty Samyama Sahyadri Tech LLP, Karnataka-Mangalore Early detection of breast cancer through thermal screening Health Care 7.3 lakhs
7 Sravan Kumar Charge IT UP, Chennai CU REGEN for electric vehicle Energy 5.2 lakhs
8 Rishi Agarwal Ayusla Private Limited, New Delhi Ayurvedic Personalized Nutrition Companion Health Care 8.75 lakhs
9 Nirosh Kumar GO THRIVE Technologies (OPC) Private Limited I Pract-ace – Intelligent Player Assist Electronics 9.48 lakhs
10 Kalaiarasi THREMEAR Private Limited A diagnostic strip adhered menstrual pad for early detection of hormonal imbalance in women Health Care 5.04 lakhs
11 Paul Pradeep J Medcuore Medical Solutions Private Limited ARIA – Smart Oxygen Concentrator with Integrated Air Quality and Vital Sign Monitor Health Care 9.05 lakhs
12 Subramanian Indagatus Solutions Private Limited Smart inverter battery trolley with active cooling system Energy 2.43 lakhs
13 Mandar Waghmare Newtons Apple Security Solutions LLP NATASHA – Secure Home Assistant ICT 6 lakhs
14 Jasmine Shanthi Biomed Implants and Research Technologies LLP Novel Interphalangeal and metacarpophalangeal joint implants for patients with injured or damaged joints Health Care 6 lakhs
15 Reshma Ayswaria Microbolite Research and Development Private Limited Lab scale prototyping of a Biodegradable modal fiber dressing fabric finished with  natural antibacterial  compound  for  enhanced  wound healing Health Care 3 lakhs

List of Innovative Ideas Supported in Third Year

S.No. Name of Innovator Company name Title of the project Domain of the Project Amount Sanctioned
1 Adrian Melroy Corneleo TAD AIRCON Private Limited An air filter assembly to improve indoor air quality. Manufacturing 4 lakhs
2 Ramkumar M.K Abhaya-3cd Private Limited Male Incontinence Device Health Care 7 lakhs
3 Shama Bhat IUVA Food Private Limited Developing recombinent protein expression system for large scale production of dairy proteins and therapeutic proteins Health Care 6 lakhs
4 Ashish anand Selfdot Technologies(OPC) Private Limited Non Clonable Copy Proof QR code for Credible Traceabiity Manufacturing 6 lakhs
5 Jitesh Pandey Medblue Innovations Private Limited Non-Invasive bilirubinometer to screen neonatal jaundice in a Cheaper, Faster & Painless way Health Care 4 lakhs
6 Pavuluri Sasikanta Naga Pavani 30M Genomics Private Limited PNGScreen: An integrated Point-of-care platform to detect fetal aneuploidies in very low resource settings Health Care 6 lakhs
7 Dinesh Babu Finova Quadcopter Private Limited Hubless Motor Manufacturing 5 lakhs
8 Robin samson Anana Technology (MSME Reg) Controller embedded axial flux motor Manufacturing 6 lakhs
9 Arpit Chauhan Erkey Motors India Pvt. Ltd S.M.A.R.T Electric Motorcycle Electric Vehicle 6 lakhs
10 Praveen Daas Pradco Private limited An Electric Airless Fluid Handling & Spray Apparatus Manufacturing 6 lakhs
11 Sriveera M Aparoks Tech Private Limited PAC DOC CARDIO TROPHY Health Care 4 lakhs
12 Bala Yeshwanth Ram V Inger Therapeutics Pvt Ltd Suprabody based Diagnostic kit for Tuberculosis Health Care 6 lakhs
13 Dhanraj Sundaram Afleq Automotive Private Limited Afleq Multi Utility Electric Two Wheeler Clean tech 5 lakhs
14 Dr. T. Anand B Aatral Bioscience Private ltd CRISPR based diagnosis kit for malaria Health Care 5 lakhs
15 A.Tamilselvi Deepta Food Products Development of value added products from Concentrated Calcium and Iron rich Ragi Milk extract flour and Ragi husk Health Care 4 lakhs
16 Dr. Anil Kumar Mavila inDERMA Medical Devices Design & Development of an operational friendly semi motorized economical body cleansing device for paraplegic & quadriplegic patients for improving their quality of life Manufacturing 7 lakhs
17 Kaushal Anil Sanghvi Atma Leather Private Limited Making Animal Free Leather from Banana Crop Waste (Saving the world one soul / sole at a time) Manufacturing 5 lakhs
18 Dr.K.B. Ramachandran MICHA Life Sciences Private Limited Development of enzymatic technology for the manufacture of cefdinir from acetyl cefdinir Health Care 4 lakhs
19 Ishwariya Senthilnathan Blinc Smart Homes Private Limited Universal base-frames and adaptable glass panels for Blinc’s touch switches Manufacturing 4 lakhs
20 Mr. JoyalFrancis Private Limited Smartedgeteq Private Limited Smart Power Train System Predictive Analytics solution for Micro-Mobility EVs Manufacturing 5,00,000

List of Innovative Ideas Supported in Fourth Year

S.No. Name of Innovator Company name Title of the project Domain of the Project Amount Sanctioned
1 Dinesh Yali Aerospace Private Limited Enhancing healthcare infrastructure using our VTOL – Fixed wing drones and the drone stations Aerospace 8 lakh
3 Gaurav Ruia E-Impact Mobility Private Limited PedalX PowerUp Automobile 7 lakh
4 Amit Saini Wayo Robotics Private Limited Robotic Dog Platform Mechatronics 5 lakh
5 Dr. P. Indira Engulftor Agri Farms Private Limited IOT enabled field monitoring and alerting devices for the farmers Agritech 5 lakh
6 Deepak Modern Molecular Diagnostics MMD Efficient and Reliable Tissue Transport for NGS and 3D Cell Culture Applications in Tissue-Based Biopsy Analysis Biotechnology 9 lakh
7 Ananth Ram N Gantham Ventures Private Limited Nephro- friendly electric cooker Manufacturing 5 lakh
8 Akash AtumX Innovations Private Limited Heka Mechatronics 7.8 lakh
9 Dr. V. Mahima Eazythings Technology Private Limited IoT MLOps based Edge device for industrial equipment health monitoring Manufacturing 5 lakh
10 Saravanakkumar V P Innovative Health Connect Private Limited Walkfree Health Care 6 lakh
11 Mr. Balakrishnan Ethirajulu Veltron (MSME – Reg) AGRIBOT Manufacturing 7 lakh
12 Abhishek Dubey Goalwon Universal Private Limited Portable inverter solution with lithium ion battery Manufacturing 5.3 lakh
13 Vibhor Jain AeroDome Technologies Private Limited Swarm Technology for Drones Aerospace 7 lakh
14 Shreya Agrawal Excelsior Agri Ventures Private Limited Bharat Krishifin Manufacturing 5 lakh
15 Lokeshwaran E Tamizh Kaipesi Manufacturing 6 lakh
16 Rati Gugnani Doctorspectra Technological Services Private Limited Developing NIR multispectral camera operating in the wavelength range of 700-950 nm (First of its kind in India) FoodTech 6.9 lakh

Contact Us

Dr. P. Chandrakumar,
Dean – Industry Relations / TBI,
Vel Tech Rangarajan Dr.Sagunthala R&D Institute of Science and Technology.
Contact Number: 96000 40254
Email Id: [email protected]

For More details about Vel Tech Nidhi Prayas Scheme contact,
Ms. A. Nilofar Nisha,
Manager – Nidhi Prayas
Contact Number: 9600040252