IIT Mandi Catalyst NIDHI Seed Support System (NIDHI-SSS)
Seed funding of up to INR 50 Lakhs for deep-tech startups commercializing innovative technologies.
About the Program
The NIDHI Seed Support System (NIDHI-SSS) is a DST NIDHI initiative implemented by IIT Mandi Catalyst to provide seed funding to deep-tech startups progressing from proof of concept to commercialization. Funding is provided through Equity or Compulsorily Convertible Preference Shares (CCPS) and released in milestone-based tranches. The program supports prototype development, product validation, market entry, and business growth. Preference is given to startups developing innovative solutions for the Himalayan region and startups with granted or filed patents.
Eligibility requirements
- TRL Level 4 or above.
- Must not have received NIDHI-SSS support previously.
- Minimum 51% shareholding must be held by Indian promoters.
- Must have completed a minimum of 3 months of incubation at IIT Mandi Catalyst.
- Preference for startups addressing challenges in the Himalayan region and startups with granted or filed patents.
Offerings / Benefits
- Seed funding of up to INR 50 Lakhs.
- Investment through Equity or CCPS.
- Milestone-based funding disbursement.
- Support for prototype development and product validation.
- Business growth and commercialization support.
- Access to IIT Mandi Catalyst incubation ecosystem and mentors.
Sectors supported
Selection process
- Application submission.
- Eligibility screening.
- Technical and commercial evaluation.
- Investment committee review.
- Final approval and milestone-based investment.
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