Application Deadline: 12/25/2021
The NIDHI-EIR programme provides tremendous opportunities for innovative entrepreneurs to expand their networks and get critical feedback on their ventures in order to promote their entrepreneurial career goals and aspirations
The EIR program has been conceived to inspire the best talent to be entrepreneurs by supporting them with mentorship, access to office space and guidance. It also offers a monthly fellowship amount ranging from Rs10,000pm to Rs30,000pm for a year to minimize the risk involved in pursuing start-ups, and to partially set off their opportunity costs of high paying jobs. The program has been introduced by NSTEDB, Govt. of India.
Eligibility
- They should be citizen of India.
- They should have completed their undergraduate/post graduate education in Science or Engineering fields.
- Final year students are not eligible to apply.
- They are expected to pursue their entrepreneurial aspirations full time and should not treat it as a stop gap arrangement or as a support in academic pursuits or transition between jobs.
- They should demonstrate their ability to build a scalable technology business startup.
- 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.
- Entrepreneurs pursuing business ideas with no or marginal technology innovation are discouraged to apply.
- NIDHI-EIR seeking support should have a formal business plan, a business presentation including the investment proposal.
Application Procedure
This program is open to candidates who can work full-time on their idea, thus students in final year of Undergrad and Postgrad studies are not eligible.
For PhD students, if they are getting fellowship from their institution, then they are not eligible. Also, EIR funds cannot be used for academic pursuits.
Please refer to the eligibility section to know more.
Official Website: NIDHI-EIR Programme: Pursue your Entrepreneurial Aspirations
