A two member team consiting of Ms. Ojal Sarah Paul, Manger- Business Development and Ms Lekshmi Priya, Public relations Officer of SCTIMST-TIMed,Trivandrum organised a formal presentation on the various schemes and projects connected with NIDHI PRAYAS to the faculty and students of KSID on 6th April, 2019 at 11.30 AM.
National Initiative for Developing and Harnessing Innovations (NIDHI) is an umbrella programme conceived and developed by the Department of Science & Technology (DST), Government of India, for nurturing ideas and innovations (knowledge-based and technology-driven) into successful start-ups. Under this initiative, DST has launched NIDHI- Promoting and Accelerating Young and Aspiring innovators (NIDHI-PRAYAS) program.
The session had very valuable insights for the Designers and potential Designers of India. In the present climate of innovation in India, there is support available for both R&D of ideas and commercialization of products, especially that which is provided by STEPs and TBIs promoted by NESTEDB of DST. There is a profound lack of support for early stage prototyping in the country, causing many innovators to lose interest in their ventures in the absence of support at that critical juncture.
There is a definite need to address the gap in the very early stage idea/ proof of concept funding.The program caters to idea-stage entrepreneurs with a physical product offering, who require support for prototyping. It would also facilitate the innovators with the Physical infrastructure, Technical Guidance, Mentor ship etc.
The two presenters shared all these concerns and further initiated the students to work on various ideas from that side.