Application for NIDHI – Entrepreneurs-in-Residence (EIR) Programme

NIDHI-EIR supports Indian entrepreneurs with mentorship, workspace, and networking, fostering innovation and mitigating startup risks. Eligibility requires STEM education, full-time commitment, and scalable business ideas with technology innovation.

May 8, 2024 - 16:21
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Application for NIDHI – Entrepreneurs-in-Residence (EIR) Programme

NIDHI - Entrepreneurs-in-Residence (EIR) Programme

Important Dates
 Last Updated: 08-05-2024
 Deadline: 30-05-2024
Grant Amount
 NA

Donor Name
 FiiRE

Donor Category
 Recognized Incubation Centre

Who Can Apply
 Social Enterprise & Start up , Individual (Researcher, Consultant , Expert, Professor, Teacher)

Type of Call
 Event, Award & Challenges

Purpose
 Business & Industry, Entrepreneurship, Startups

 

Overview: The NIDHI-EIR Programme aims to inspire talented individuals to become entrepreneurs, minimize the risks associated with startups, and offset opportunity costs of high-paying jobs. It provides opportunities for innovative entrepreneurs to expand networks, receive critical feedback, and promote their entrepreneurial aspirations.

Opportunities:

  1. Guidance: Entrepreneurs receive guidance from experienced and successful entrepreneurs on business concepts, strategies, and industry insights.
  2. Best Practices: They learn best practices for starting a business and expand their professional network.
  3. Co-working Spaces: Entrepreneurs are provided with co-working spaces to develop their ideas into marketable products.

Objectives:

  1. Encouragement: Encourage graduating students to pursue entrepreneurship by providing fellowship support.
  2. Risk Mitigation: Offer a prestigious platform for budding entrepreneurs to pursue ventures without additional risks, particularly in technology-based businesses.
  3. Pipeline Creation: Create, nurture, and strengthen a pipeline of entrepreneurs for incubators.
  4. Attractiveness: Make entrepreneurship in technology more attractive as a career option.
  5. Startup Creation: Enable the creation of new startups and progress towards funding or investment.

Eligibility Criteria:

  1. Citizenship: Applicants must be citizens of India.
  2. Education: Completed undergraduate/post-graduate education in Science or Engineering fields.
  3. Final Year Exclusion: Final-year students are not eligible.
  4. Full-time Pursuit: Applicants should pursue entrepreneurship full-time, not as a stop-gap or academic support.
  5. Scalability: Demonstrated ability to build a scalable technology startup.
  6. Preference: Preference is given to:
    • Technology Innovation: Ideas with larger technology uncertainties or leveraging publicly funded research.
    • Social Impact: Ideas with considerable potential for social impact.
  7. Discouraged Ideas: Business ideas with no or marginal technology innovation are discouraged.
  8. Requirements: Applicants must have a formal business plan, a business presentation, including an investment proposal.

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