siic@iitk.ac.in +91 0512 259 7979

Overview

NIDHI - Science & Technology Entrepreneurs Parks and Technology Business Incubators (STEP/TBIS) are institutional linked facilities promoted by the Department of Science and Technology (DST) to nurture innovative and technological led new ventures during the initial and critical period i.e. the start-up phase. The sole objective of the NIDHI-SSS is to ensure timely availability of the seed support to the deserving incubatee startups within an incubator , thereby enabling them to take their venture to next level and facilitate towards their success in the market place.

Applications Closed

Focus Domains

Product Development
Testing & Trials
Marketing
Mentoring
Professional Consultancy
Manpower for operations

Eligibility

  • A fully Operational STEP/TBI with registered company in India with minimum of three months of residency at the Science & Technology Entrepreneurs Park/ Technology Business Incubator.
  • The share holding by Indian promoters in the incubate start up should be at least 51%.
  • Incubatee has to be an Indian start-up.

Offerings

Seed support upto INR 25 Lakhs
Financial & legal
guidance
Exposure to industry connects
Mentoring to enhance skills of the startup team

Application Process

  • Step 1

    Website/Newspaper advertisements indicating availability of seed support in a particular Incubator organisations

  • Step 2

    Announcement for call for applications through Social Media posts

  • Step 3

    Shortlisting the applicants as per eligibility criteria

  • Step 4

    Decision by NIDHI-SSMC out of shortlisted applicants

  • Step 5

    The selection of the applicant for funding

3

Years Program Duration

5

Total Startups Supported

2019

Program Started Year

NIDHI SSS Program

Frequently Asked Questions

  • a. Due diligence documents
  • b. The executed agreement
  • c. Documents as specified in the agreement
  • d. The cancelled cheque or bank statement for the purpose of money transfer
  • 1. Incubatee should be a registered company in India
  • 2. Incubatee has to be an Indian start-up. This support is not meant for Indian Subsidiaries of MNCs/foreign companies. Persons holding Overseas Citizens of India (OCI), Persons of Indian Origin (PIO) would be considered as Indian citizens for the purpose of this scheme.

No, the applicants will not receive any stipend. The Seed Support size for the startups shall be capped at Rs 100 lakhs per startup (Rs. 100 Lakhs considered only in exceptional cases). The maximum financial support to be made available to an incubator would be Rs.1000 lakhs to be released in a few phases as per the need, capacity and capabilities of the Incubator in accordance with a proper process.

The incubation can be both virtual or physical. Yes, the start-up has to be in existence and has to be incubated for a period of 3 months at FIRST to qualify under this program.