KIIT-TBI Ecosystem with the support of

DEPARTMENT OF SCIENCE & TECHNOLOGY (DST), MINISTRY OF SCIENCE & TECHNOLOGY, GoI

DST NIDHI EIR

Entrepreneur-in-Residence

Upto INR 30,000 Fellowship for 12 Months

ABOUT: DST NIDHI EIR

Entrepreneur-in-Residence (EIR) Program is one of the programs introduced under the NIDHI Scheme by DST, GoI 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.

Objectives: DST NIDHI EIR

To encourage graduating students to take on 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 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.

Funding: DST NIDHI EIR

Monthly Fellowship of up to INR 30,000

Duration: DST NIDHI EIR

12 months

Eligibility: DST NIDHI EIR

Budding Entrepreneurs with Innovative Technology Business Ideas.
The EIR applicant should be a citizen of India. An Indian citizen is defined as one who is in possession of a government approved proof of nationality such as a valid passport, voter’s id etc
The EIR applicant should have completed:

  • Minimum 4 years of formal full time undergraduate/
    postgraduate education towards one or more degree programmes. Basic degree or diploma should be in science or engineering.
  • 3 years degree or diploma program and have 2 years full time work experience post degree or diploma. Basic degree or diploma should be in science or engineering.

Impact: DST NIDHI EIR

Thematic Area: DST NIDHI EIR

healthcare sjkjsa

Healthcare

chip (1)

Agri Tech

manufacture

Manufacturing

bolt (1)

Energy

microchip (3)

AI/ML

internet-of-things (2)

IoT

renewable-energy (2)

Clean Tech

innovation (1)

Other Emerging Technology

TImeline: DST NIDHI EIR

Call Opens

Generally, for a window of 1 month

Shortlisting

Declaring the Shortlisted Candidates.

Selection

Presentation to Selection Committee.

Result

Final List of Candidates Selected.

Program BenEfits: DST NIDHI EIR

Minimum INR 10,000 to maximum INR 30,000 per month for 12 months.

Tailored mentoring in areas like IP, Legal, Regulatory, Business Development.

Opportunity to pitch for follow-on funding under other KIIT-TBI's programs.

Access the digital fabrication lab to turn your ideas into prototypes.
Know more...

Specific functional and domain knowledge sessions to build better.

Access the digital fabrication lab to turn your ideas into prototypes.

DST NIDHI EIR: Fellows

FAQs: DST NIDHI EIR

  • After the receipt of proposals, Programme Executing Partner – TBI will check the eligibility of each applicant.
  • Applicants who are eligible will then be scrutinised by the expert committee at each Programme Executing Partner – TBI based on certain qualifying criteria’s to select the final recipients of NIDHI-EIR support.
  1. 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.

      2. Entrepreneurs pursuing business ideas with no or marginal technology innovation or those with very short journey (i.e less than 6 months) to commercialization are discouraged to apply.

  • Formal business plan for the idea they intend to pursue
  • Business presentation including the investment proposal
  • Proof of citizenship (Aadhaar)
  • Passport size photo
  • SC/ST Certificate (if applicable)

NIDHI-EIR support recipient should fulfil all the following requirements

  • The EIR applicant should not be a promoter or significant (>10%) share holder / beneficiary of another company at the time of applying for and receiving the grant approval.
  • The EIR applicant is expected to pursue the entrepreneurial aspirations full time. NIDHI-EIR cannot be concurrent with any other remuneration or fellowship.
  • The EIR applicant should be willing to be registered for the pre-incubation or incubation program at the Programme Executing Partner – TBI for the entire duration of NIDHI-EIR support.
  • The EIR applicant should be a citizen of India. An Indian citizen is defined as one who is in possession of a government approved proof of nationality such as a valid passport, voter’s id etc.
  • The EIR applicant should have completed:
    Minimum 4 years of formal full time undergraduate/postgraduate education towards one or more degree programmes. Basic degree or diploma should be in science or engineering.
    3 years degree or diploma program and have 2 years full time work experience post degree or diploma. Basic degree or diploma should be in science or engineering.
  • 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.
  • Entrepreneurs pursuing business ideas with no or marginal technology innovation or those with a very short journey (i.e less than 6 months) to commercialization are discouraged to apply.

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

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.
  • To enable creation of new start-ups by entrepreneurs and significant progress towards raising funding or investment.