Introduction to Nidhi Seed Support Program
The Nidhi Seed Support Program (Nidhi-SSP) is an initiative aimed at facilitating financial support for incubators managing potential startups. This program ensures that promising ideas, innovations, and technologies receive the necessary assistance in a timely manner.
Objectives of the Program
The primary goal of the Nidhi-SSP is to bridge the gap between the development of innovative solutions and their commercialization. By providing seed support to incubators, this program enhances the chances of success for startups. It encourages incubators to broaden their startup portfolio and guarantees that the startups thrive, which, in turn, ensures the long-term sustainability of the incubators.
Application Process and Support Structure
For incubators, the maximum financial support is up to INR 1000 lakh, distributed in phases based on their capacity and needs. Startups can receive up to INR 100 lakh to kick-start their ventures. Both incubators and startups must apply through the designated online portal, with calls for applications announced periodically.
This support structure is designed to enable startups to reach their potential and contribute significantly to the marketplace by transforming innovative ideas into successful businesses.
For detailed information visit NIDHIs official website