Info-paedia : NIDHI Programme: Fostering Innovation and Entrepreneurship for Startups

NIDHI Programme: Fostering Innovation and Entrepreneurship for Startups

Context -

The NIDHI Program, initiated by the Department of Science & Technology (DST) in 2016, aims to foster innovation and startup culture in India.

About –

National Initiative For Developing And Harnessing Innovations (NIDHI) is an end-to-end plan for startups to double the number of incubators and startups in the duration of five years.
Nodal Department Department of Science & Technology (DST)
Launched in 2016

Objectives:

  • To promote S&T-based entrepreneurship and support startups.

Key Components:

  • NIDHI-Entrepreneur in Residence (EIR): Encourages students to pursue entrepreneurship through fellowships.
  • NIDHI-PRAYAS: Supports startups from idea to prototype, offering critical assistance.
  • NIDHI-iTBI: Expands incubation programs inclusively across diverse geographies and genders.
  • NIDHI-TBI: Nurtures knowledge-driven innovative startups with resources and mentorship.
  • NIDHI-SSP: Addresses funding needs of promising startups in early stages.
  • NIDHI-CoE: Creates world-class facilities for global expansion.
  • NIDHI-Accelerator: Facilitates rapid startup growth through focused interventions.

The NIDHI Programme fosters innovation, empowers entrepreneurs, and boosts India's economic progress.