14 startup, innovator ideas chosen for Nidhi-Prayas grant
Prayas is a pre-incubation initiative that supports innovators to turn their hardware/electronics solution ideas into proof of concept.
In a unique initiative aimed at fostering indigenously developed innovations and products, ideas of as many as 14 startups in the hardware sector and other innovators from Kerala have been selected by the Kerala Startup Mission (KSUM) for the Nidhi-Prayas grant. The Nidhi-Prayas grant is a flagship initiative of the Department of Science and Technology (DST).
KSUM is one of the recognised centres for implementing the Nidhi-Prayas, short for the National Initiative for Developing and Harnessing Innovations – Promoting and Accelerating Young and Aspiring Technology Entrepreneurs initiative. KSUM is the nodal agency of the Kerala government for entrepreneurship development and incubation activities in the state.
KSUM expert panel picks 7 innovators, 7 startups
The 14 applicants, comprising seven innovators and seven startups in the state’s hardware sector have been selected by an expert panel. They will be accorded grants of Rs 85 lakh in total.
As part of the Nidhi-Prayas initiative, KSUM had invited applications and a total of five evaluation panels were constituted. The shortlisted applicants pitched their ideas before the respective panels. Among them, 14 of them were selected for the grant.
The startups that were sanctioned the grant are Silizium Circuit (founder– Rojin John), Qnayds LLP (Mohammed Rishan N K), Fititout Solution (Naveen Kumar M), Algo Power (Ratheesh), AI Fybnext Innovations (Abhilash Sathyan), Teqard Labs (Sangeeth Surendran) and Seamoto Electric Engine (Sony Varghese). Harikrishna T, Shyam Joseph, Nithin, Sangeet Satheesan, Joji Jose, Shahana T H and Philip Mathew are the innovators, who were selected for the grant.
PRAYAS is a pre-incubation initiative
Prayas is a pre-incubation initiative that supports innovators to turn their hardware/electronics solution ideas into proof of concept. It aims to provide a platform to young innovators to generate solutions for relevant local and social problem.
The programme is aimed at promoting a vibrant innovation ecosystem by establishing a network between innovators, academia, mentors and incubators by catalysing the process of commercialization for innovators.