DST NIDHI EIR

Brief Description

Entrepreneurs-in-Residence (EIR) Program is the program introduced under NIDHI scheme 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 program 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.

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sector focus

    • Enabling entrepreneurs in life sciences and med-tech space to translate idea/proof-of-concept – level projects into commercial ventures

BENEFITS

    • Guidance from experienced, innovative and highly successful entrepreneurs.
    • Best practices for starting a business and broaden the professional network.
    • The NIDHI-EIR Programme would provide subsistence grant upto Rs.30,000 per month to an aspiring or budding entrepreneur.
    • Co-working spaces for developing the idea into a marketable product.
    • Chance to get incubation at TIDES, IIT Roorkee.
    • Support in activities related to company formation, legality, IP management, and business development.
Objective
      • 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 enable creation of new start-ups by entrepreneurs and significant progress towards raising funding or investment.
      • To make pursuing entrepreneurship related to a technology business idea more attractive among options available career options.
ELIGIBILITY
    • The EIR applicant must be an Indian national.
    • The EIR applicant should have completed minimum 4 years of formal full time technical undergraduate/post graduate education towards one or more degree programme
    • NIDHI-EIR recipients are expected to be committed to exploring a business idea.
    • The NIDHI-EIR support recipient should propose one technology business idea in a prescribed format.
    • NIDHI-EIR support recipient are expected to pursue their entrepreneurial aspirations full time. NIDHI-EIR cannot be concurrent with any other remuneration or fellowship.
    • NIDHI-EIR support recipient cannot be the promoter or significant (>10%) share holder / beneficiary of another company at the time of applying for and receiving the grant approval
    • 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.
    • The NIDHI-EIR should be registered for the pre-incubation or incubation program at the TBI for the entire duration of NIDHI-EIR support.
    • Entrepreneurs exploring business ideas with little to no technological innovation or those with a very short path to commercialization (i.e., less than six months) are discouraged from applying.
    • NIDHI-EIR seeking support should have a formal business plan for the idea they intend to pursue and a business presentation including the investment proposal.
Duration
  • 12 months extendable up to 18 months in case of deserving candidates subject to approval of the selection committee at respective NIDHI-TBI
Call For Application
  • Deadline: NA                                                           
  • Link- Application Closed 
  • Program contact email: tides-nidhieir@iitr.ac.in

Contact Us

ROORKEE CAMPUS
A] 1st Floor, Hafiz Ibrahim Building (Old Library), IIT Roorkee, Uttarakhand - 247667

B] 2nd & 3rd Floor, Multi-Activity Center, IIT Roorkee 247667


GREATER NOIDA CAMPUS:
Plot No-20, Knowledge Park 2, IIT Roorkee Extension Centre, Greater Noida - 203106

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