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.