Objectives of PRAYAS Prototyping Grant
The main objective of the CIE IIIT Hyderabad NIDHI PRAYAS Centre (PC) is to support the innovators by providing prototyping grant and provide with the PC Fab Lab facility for the development of PoC / ready product thus bringing the gap between idea and prototyping funding.
- Enable translation of an innovative idea to a prototype.
- Provide a platform for faster experimentation and modify approaches in the idea to market journey.
- Generate innovative solutions relevant to the local and global problems.
- Attract a large number of youth who demonstrates problem solving zeal and abilities
- A pre-incubation program or pipeline activity leading to startup incubation. Ideal end point is venture creation and development.