NIDHI Entrepreneur-in Residence

NIDHI Entrepreneur-in-Residence is a program to encourage graduating student to take up entrepreneurship as a career option by providing fellowship support to deserving and budding entrepreneurs, to pursue their idea and translate that into a venture.
Scheme
Programs

Who can apply

  • The EIR applicant should be citizen of India.
  • The EIR applicant should have completed minimum 4 years of formal full time undergraduate/postgraduate education towards one or more degree programme.
  • The EIR is expected to be committed to exploring a business idea. Typical NIDHI-EIR needing the support is a first generation innovative entrepreneur, who has no prior source of income. NIDHI-EIR support recipient should not treat this support as a stop gap arrangement to support them in their academic pursuits or transition between jobs.
  • NIDHI-EIR support recipient cannot be the promoter or significant (>10%) shareholder / beneficiary of another company at the time of applying for and receiving the grant approval.
1. The EIR applicant should be citizen of India.
2. The EIR applicant should have completed minimum 4 years of formal full time undergraduate/postgraduate education towards one or more degree programme.
3. The EIR is expected to be committed to exploring a business idea. Typical NIDHI-EIR needing the support is a first generation innovative entrepreneur, who has no prior source of income. NIDHI-EIR support recipient should not treat this support as a stop gap arrangement to support them in their academic pursuits or transition between jobs.
4. NIDHI-EIR support recipient cannot be the promoter or significant (>10%) shareholder / beneficiary of another company at the time of applying for and receiving the grant approval.

What you get:

Monthly fellowship up to INR 30,000 per month for maximum 12 months.

Guidelines for NIDHI-EIR support:

  1. The EIR applicant should be citizen of India. An Indian citizen is defined as one who is in possession of a government approved proof of nationality such as a valid passport, voter’s id etc.
  2. The EIR applicant should have completed minimum 4 years of formal full time undergraduate/postgraduate education towards one or more degree programme.
  3. The EIR is expected to be committed to exploring a business idea. Typical NIDHI-EIR needing the support is a first generation innovative entrepreneur, who has no prior source of income. NIDHI-EIR support recipient should not treat this support as a stop gap arrangement to support them in their academic pursuits or transition between jobs.
  4. NIDHI-EIR seeking the support should demonstrate his ability to build a scalable technology business startup. The background of the NIDHI-EIR needs to be provided in a prescribed format.
  5. The NIDHI-EIR support recipient should propose one technology business idea in a prescribed format.
  6. NIDHI-EIR support recipient are expected to pursue their entrepreneurial aspirations full time. NIDHI-EIR cannot be concurrent with any other remuneration or fellowship.
  7. NIDHI-EIR support recipient cannot be the promoter or significant (>10%) shareholder / beneficiary of another company at the time of applying for and receiving the grant approval.
  8. The NIDHI-EIR should be registered for the pre-incubation or incubation program at the TBI for the entire duration of NIDHI-EIR support.
  9. Preference shall be given for a) technology business ideas with larger technology uncertainties and/ or long gestation periods, b) technology business ideas leveraging technology or IP from publicly funded research or academic organizations, c) technology business ideas with considerable potential for social impact.
  10. Entrepreneurs pursuing business ideas with no or marginal technology innovation or those with very short journey (i.e less than 6 months) to commercialization are discouraged to apply.
  11. NIDHI-EIR seeking support should have a formal business plan for the idea they intend to pursue and a business presentation including the investment proposal.
  12. Once the NIDHI-EIR raise funding or investments for their business ideas/ potential start ups, the grant support shall be discontinued from the date of receipt of the first tranche of funds.
  13. The NIDHI-EIR support recipient will be eligible for grant, maximum of Rs.30, 000/- per month with a minimum level of Rs.10, 000/- per month for a period of 12 months.
Guidelines
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Program Partners :

Funding support:

Innovators Supported :

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