NIDHI Full Form

What is the full form of NIDHI?

NIDHI stands for National Initiative for Development and Harnessing Innovations. This knowledge-based and technology-driven initiative is taken by the Department of Science and Technology (DST), Government of India. NIDHI aims to translate ideas and innovations into successful enterprises and reshape India’s startup environment. With NIDHI, the government is committed to fostering a thriving and innovative entrepreneurial environment, especially through guiding youth toward it and, as a result, ushering in its beneficial impact on the country's social and economic growth. In addition to delivering technology to Indian society, the initiative aims to provide new job and income development opportunities.

This Story also Contains

1. What is the full form of NIDHI?
2. Stakeholders of NIDHI
3. Eight Components of NIDHI

Stakeholders of NIDHI

• Various departments and ministries of central and state government.
• R&D and educational institutions
• Financial institutions
• Venture capitalists
• Angel investors
• Industry experts
• Private firms

Eight Components of NIDHI

• NIDHI- Promoting and accelerating Young and Aspiring Innovators and Startups. (NIDHI-PRAYAS): From Concept to Prototype.
• NIDHI-Entrepreneur In Residence (NIDHI-EIR): For risk mitigation.
• Startup-NIDHI: To encourage students about start-ups.
• NIDHI-Technology Business Incubator (TBI): For converting ideas into start-ups.
• NIDHI-Accelerator: Accelerating a startup through targeted intervention.
• NIDHI-Seed Support System (NIDHI-SSS): For offering early-stage investment.
• NIDHI Centres of Excellence (NIDHI-CoE): A global facility to assist entrepreneurs in going worldwide.
• NIDHI Grand Challenges and Competitions (NIDHI-GCC): For scouting new ideas.