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Source: The post is based on the article “Union Minister says, NIDHI program has various components to support innovations, startups and startup incubation ecosystem in the country” published in PIB on 3rd August 2023.
What is the News?
The Union Minister of Science & Technology (DST) has informed Lok Sabha about the NIDHI Program.
What is the NIDHI Program?
Nodal Department: Department of Science & Technology(DST)
Launched in: 2016
Aim: 1) To promote S&T based entrepreneurship and startup ecosystem across the county and 2) To nurture start-ups through scouting, supporting and scaling of innovations.
Key Components of NIDHI: The components of NIDHI are designed to support ideators and innovators since their early startup journey and link them to the entire market value chain.
– NIDHI-Entrepreneur in Residence (EIR): Inspiring graduating students to take entrepreneurship by providing fellowship
– NIDHI-Promotion and Acceleration of Young and Aspiring Technology Entrepreneurs (PRAYAS): Supports innovators and startups technically and financially from Idea to Prototype stage.
– NIDHI – Inclusive-Technology Business Incubator (iTBI): Program has been rolled out to increase outreach of incubation programs in terms of geographies, gender etc.
– NIDHI-Technology Business Incubator (TBI): Support and nurture knowledge driven innovative start-ups into successful enterprises.
– NIDHI-Seed Support Program (SSP): Provides early-stage funding to potential start-ups with promising ideas / innovations to help them graduate to the next level.
– NIDHI-Center of Excellence (CoE): To create a world class facility to help startups go global.
– NIDHI-Accelerator: Fast tracking a startup through focused intervention.
