The Society for Innovation & Entrepreneurship (SINE) at IIT Bombay has announced the NIDHI SSS Call for Applications. This initiative aims to provide crucial financial support to startups, enabling them to advance their innovative ideas and technologies.

Funding Opportunity

This program offers substantial financial assistance to startups, providing up to ₹50 Lakhs. The funding is specifically designed to support various critical stages of startup development.

The financial aid can be utilized for proof of concept validation, prototype development, and rigorous product trials. It also supports market entry strategies and the crucial phase of commercialization.

This funding aims to bridge the gap between innovative ideas and market-ready products, accelerating the growth and success of participating startups.

Key Focus Areas

The NIDHI SSS program targets startups working on innovative solutions with high potential for societal impact. The program is open to a wide array of sectors and technologies.

Startups focusing on developing novel technologies, improving existing products, or creating entirely new markets are encouraged to apply. The emphasis is on innovation and scalability.

The program supports ventures that demonstrate a clear understanding of their target market and a viable path to commercial success.

Eligibility Criteria

To be eligible for the NIDHI SSS program, startups must meet specific criteria. These requirements ensure that the funding supports ventures with the potential for significant impact.

• Startups should have a well-defined business plan.
• They should demonstrate a clear need for the requested funding.
• The startup should have a registered office in India.

Preference may be given to startups incubated at recognized institutions or those with strong mentorship support.

Application Process

Interested startups must submit their applications through the designated online portal. The application should include a detailed business plan, financial projections, and a clear articulation of the startup's value proposition.

Applicants should highlight the innovative aspects of their product or service and its potential impact on the market. A well-structured and comprehensive application is crucial for consideration.

The application deadline is 10th July 2025. Ensure all required documents are submitted before the deadline.

Potential Research Topics

This call is relevant to a wide range of academic research areas, fostering innovation and entrepreneurship. Here are some potential research topics that align well with the NIDHI SSS program:

• Artificial Intelligence: Development of AI-powered solutions for various industries.
• Material Science: Innovative materials for sustainable and efficient products.
• Life Science: Advancements in healthcare, biotechnology, and pharmaceuticals.
• Clean Energy: Renewable energy solutions and technologies for a sustainable future.
• Microbiology: Research in microbial applications for agriculture, health, and environment.

These are just a few examples, and the program is open to innovative ideas from diverse fields.