Deadline: 29 August 2024
NIDHI – Entrepreneurs in Residence (EIR) Programme is one of the programs introduced under NIDHI to inspire the best talents to be entrepreneurs, to minimize the risk involved in pursuing start- ups, and to partially set off their opportunity costs of high paying jobs.
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 opportunities under NIDHI –EIR Programme includes:
- Guidance from experienced, innovative and highly successful entrepreneurs on the business concept, strategy or venture and insight into specific industries or markets.
- Best practices for starting a business and broaden the professional network.
- Co-working spaces for developing the idea into a marketable product.
Objectives
- To encourage graduating students to take to entrepreneurship by providing support as a Fellowship.
- To provide a prestigious forum for deserving and budding entrepreneurs to pursue their ventures without any additional risks involved in technology-based businesses.
- To create, nurture, and strengthen a pipeline of entrepreneurs for incubators
- To make pursuing entrepreneurship related to a technology business idea more attractive among options available career options.
- To enable the creation of new start-ups by entrepreneurs and significant progress towards raising funding or investment.
Eligibility Criteria
- They should be citizens 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
- technology business ideas with larger technology uncertainties and/ or long gestation periods,
- technology business ideas leveraging technology or IP from publicly funded research or academic organizations,
- 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.
For more information, visit FiiRE.
