NIDHI-EIR Grant Programme (India)

The NIDHI-EIR Programme would provide subsistence grant to an aspiring or budding entrepreneur of considerable potential for pursuing a promising technology business idea.

Aims

• The Programme aims:
  • To encourage graduating student 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.

What’s in for you?

• Business and technical mentorship
• Capacity building workshops
• Access to workshop at their state-of-the-art campus in Ahmedabad
• Access to library and iLab@iCreate, their rapid prototyping and digital innovation lab
• Facilities like internet, meeting rooms, tea, coffee, and food at their cafeteria
• Hostel accommodation in their vibrant campus dedicated to startups
• Access to their countrywide network for expansion and growth
• Access to the startup ecosystem through participation in relevant events
• Incubation and funding support, post- utilisation of the grant
• Investor connects and Corporate connects & PoC

What you will get?

• NIDHI-EIR Support will be provided in following forms:
  • 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. If NIDHI-EIR recipient raises 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.
  • As an NIDHI-EIR recipient, an entrepreneur gets office space, administrative support and a stipend to establish/make the most of their ideas and turn innovative breakthroughs into viable businesses.
  • Programme Executing Partner – TBI shall guide and mentor the NIDHI-EIR recipient in business planning and execution.

Who can apply?

• Eligibility criteria for applicants:
  • You should be an individual innovator, student, or startup.
  • You should be an Indian citizen.
  • Your project should be in the Idea-to-PoC development stage, or have a PoC ready.
  • Your project should relate to hardware or software-based technology innovation.
  • In case of the grant by the Government of Gujarat, your startup should be registered as an LLP or private limited company in Gujarat.
  • To get maximum benefit from this programme, iCreate strongly recommends that applicants should reside on campus. Such projects will also be given greater preference in selection.

For more information, visit iCreate.