Entrepreneur in Residence Programme


For General/OBC, SC & ST Categories

About the EIR Program

Pursue your Entrepreneurial Aspirations

The EIR program has been conceived to inspire the best talent to be entrepreneurs by supporting them with mentorship, access to office space and guidance. It also offers a monthly fellowship amount ranging from Rs10,000pm to Rs30,000pm for an year to minimize the risk involved in pursuing start-ups, and to partially set off their opportunity costs of high paying jobs. The program has been introduced by NSTEDB, Govt. of India.
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

Program Benefits

Grant Support

Grant of upto Rs.3,60,000 as monthly fellowship spread across 12 months ranging from Rs.10,000pm to Rs.30,000pm

Prototyping Support

Support for product development, prototyping and testing with partners and other stakeholders

Mentoring

Guidance from experienced entrepreneurs on the business model, strategy, sector and market insights

Incubation Space

EIRs get incubation space, access to group knowledge sessions and pitch review at incubation centre in Jaipur


  • 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 make pursuing entrepreneurship related to a technology business idea more attractive among available career options.
  • To enable creation of new start-ups by entrepreneurs and significant progress towards raising funding or investment.

Program Sectors

Logistics/Transportation

- Solution for Optimising for Last Mile Delivery through EVs and Charging infrastructure

- Efficient storage, fuel Optimisation, capacity utilisation and monitoring of on-road assets

Agriculture

- Low cost on-site/farm gate processing, storage, transportation solution for farm produce

- Technologies to support farmers aggregation and market/ Setup of FPOs, Interlinking of FPOs

- Agri produce Transparency and Traceability Solutions

Environmental/Clean Tech

- Solving the problem of Waste Segregation

- Greener/Sustainable Packaging Material

Air/Water

- Waste Water Management and Treatment

- Monitoring Quality of Air and Water

- Interventions for air and water pollution reduction

Innovations for MSME

- Cost efficient tech solutions for MSMEs

- Sustainable Energy Solutions for MSMEs

Animal/Dairy

- Predictive Health and Nutrition Management

- Improving Cattle Management and Food Productivity for small dairy farmers

Craft/Lifestyle

- Innovation for Artisan Inputs- New Materials/Hybrid Materials

- Transparency and Traceability

- Enhancing Customer Experience/Story Telling

- Driving Financial and Digital inclusion for artisans

Education/Skilling

- Skilling for Job-Ready roles/Entrepreneurship

- Reducing disparity between urban/rural

- Reducing disparity between private/government schools

- Enabling educational institutes stakeholders to adopt the NEP of India (Experiential and Critical thinking elements in conventional schools for the 21st century)


    Following are the requirements for EIR applicants/candidates-
  • They should be citizen 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 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 are discouraged to apply.
  • NIDHI-EIR seeking support should have a formal business plan, a business presentation including the investment proposal.

Application Timeline

Applications
Open
26th Oct. 2020

Applications
Close
06th Dec. 2020

EIR
Announcement
Jan 2021

FAQ

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

  • Completely filled NIDHI-EIR form given in link above.
  • In case of Scheduled Caste (SC) / Scheduled Tribe (ST), caste certificate from valid government department

This program is open to candidates who can work full-time on their idea, thus students in final year of Undergrad and Postgrad studies are not eligible.
For PhD students, if they are getting fellowship from their institution, then they are not eligible. Also, EIR funds cannot be used for academic pursuits.
Please refer to eligibility section to know more.

An amount of Rs.3,60,000 can be provided as support to a NIDHI EIR fellow in a timeframe of 12-18 months. The grant will be given as monthly fellowship in amount ranging from Rs.10,000 to Rs30,000 per month.

No, The support is for full time working entrepreneur only. Please refer to eligibility section to know more.

Process of selection:

  • Step 1: Evaluation committee will evaluate your application form for program eligibility.
  • Step 2: Telephonic call to be scheduled with shortlisted applicants with selected panel of jury to further evaluate the application based on certain qualifying criteria such as innovation, defensibility of idea, experience/education of entrepreneur etc.
  • Step 3: Virtual Pitch to be conducted with final shortlisted candidates in front of expert committee for final approval of EIRs.

Yes, but only one will be finally provided NIDHI-EIR support, if selected

Contact Us

Address

RIICO Software Complex, EPIP, Sitapura Industrial Area, Jaipur- 302022, Rajasthan (India)