AMRITA TBI NIDHI-PRAYAS 2018: Providing Grant of Up to Rs 10 Lakhs

Applications are open for “ AMRITA TBI NIDHI-PRAYAS 2018 ” programme to provide a grant of up to Rs 10 Lakhs to an aspiring innovator or a startup to build their ideas into a prototype.

Amrita Technology Business Incubator is one of the approved NIDHI-PRAYAS centers by National Science & Technology Entrepreneurship Development Board (NSTEDB), Govt of India.

Amrita TBI is a non-profit startup incubator supported by Govt. of India and Amrita Vishwa Vidyapeetham that funds, mentors and nurtures ideas, startups, and entrepreneurs.

Focus Areas

  • Agriculture
  • Manufacturing
  • Internet of Things
  • Healthcare
  • Clean Tech
  • Energy
  • Water
  • Other Technology areas

Benefits

Funding: A grant of up to Rs 10 Lakhs to build the prototype.

Discounted Services:

$1000 credit from AWS for Amrita TBI Incubated startups and $5000 credit for funded startups

$3000 credit from Digital Ocean for Amrita TBI Incubated startups

Discount up to 20% from a host of partners for accounting, legal services etc.

GST Exemption: No tax for revenue up to INR 50 lakhs per year for a period of 3 years.

CO-Working Space: Incubation and co-working spaces in Kollam, Bengaluru, and Coimbatore with access to 100+ cutting-edge multidisciplinary labs at Amrita Vishwa Vidyapeetham.

VC Network: Access to VCs and angel investors for scaled funding.

Mentorship: Amrita TBI mentorship program brings in both national mentors and international mentors from Silicon Valley & Singapore with varied experience across multiple domains and sectors.

Eligibility Criteria

The PRAYAS applicant should be a citizen of India in the age group of a minimum of 18 years of age, as on date of application. An Indian citizen is defined as one who is in possession of a government-approved proof of nationality such as a valid passport, voter’s id etc.

The applicant has to be a single person. When a team or a group of students wants to pursue the project, then there has to be an agreement among the group about the lead applicant though financial support can be given only to the single applicant.

The NIDHI-PRAYASEE should be registered for the incubation program at Amrita TBI for the entire duration of NIDHI-PRAYAS support.

Student applicants pursuing long-term research projects like doctoral research projects or similar projects will not be supported; however, student entrepreneurs will be eligible if they have the right to commercially exploit the technology.

  • Professors or Academicians engaged in teaching with any academic or R&D institute shall not be supported.
  • Preference may be given to those innovators
  • Who have bootstrapped or have got co-investment commitment.
  • Who have a clear roadmap for commercialization or startup creation.
  • Women innovators
  • Young innovators

How to Apply

Applicants can apply online via given website.

Eligible Country: India

Deadline: 29 September 2018

For more information, please visit AMRITA TBI NIDHI-PRAYAS 2018.

 

Job Features

Job CategoryInnovation Opportunities

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