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Nidhi SSS Funds Four Startups Incubated By Riidl

The startups are incubated by Research Innovation Incubation Design Laboratories (riidl), a not-for-profit organization under Somaiya Trust, supported by the National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology, Government of India, Biotechnology Industry Research Assistance Council, Department of Biotechnology, Government of India, Maharashtra State Innovation Society, Government of Maharashtra

Four startups Pillpouch Healthtech Pvt Ltd, Doubt Buddy Education Technology Pvt Ltd, Pocketly Infotech Pvt Ltd and Swipe received funding of INR 2 Cr through Nidhi Seed Support System, an umbrella programme conceived and developed by the Innovation & Entrepreneurship division, Department of Science & Technology, Government of India. The startups are incubated by Research Innovation Incubation Design Laboratories (riidl), a not-for-profit organization under Somaiya Trust, supported by the National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology, Government of India, Biotechnology Industry Research Assistance Council, Department of Biotechnology, Government of India, Maharashtra State Innovation Society, Government of Maharashtra. 

Gaurang Shetty, Chief Innovation Catalyst, riidl said, “Most entrepreneurs struggle to raise angel or seed funding during the early stage and this fund from NIDHI SSS is like a boon for entrepreneurs in the ecosystem. We, at riidl, supported 4 startups with the NIDHI Seed Support grant of the Department of Science and Technology, Government of India, additionally providing access to business mentoring, technical mentoring, early customer access support, virtual incubation, networking & outreach opportunities, and many more. We are proud of all the startups achieving new heights and receiving funding to take their startups even higher. Dr. Anita Gupta, Scientist G / Adviser & Head (Innovation & Entrepreneurship), Department of Science and Technology (DST), Govt of India has been instrumental in supporting our incubator riidl to build various programs including the NIDHI Seed Support System program.”

Nidhi SSS provides seed funding to promising and innovative startups. Its objective is to bridge the financial gap in the initial phases that are faced by technologically driven startups.


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nidhi startups Swipe incubation technology

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