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ENTREPRENEUR IN RESIDENCE PROGRAM
ENTREPRENEUR IN RESIDENCE PROGRAM

EIR PROGRAM IS DESIGNED TO PROVIDE EXTENSIVE SUPPORT TO ENTREPRENEURS WORKING IN THE SECTORS OF TECHNOLOGY AND SOCIAL IMPACT.

EXTENSIVE SUPPORT IS PROVIDED TO STARTUPS WORKING IN THE SECTORS OF HIGH IMPACT INCLUDING LIVELIHOOD, EDUCATION, AGRICULTURE, MASS IMPACT, TECH FOR IMPACT, HEALTHCARE, EDUCATION AND ENERGY/CLEANTECH.

ENTREPRENEUR
IN RESIDENCE
PROGRAM

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 ₹10,000pm to ₹30,000pm 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

FELLOWSHIP GRANT SUPPORT

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

PROTOTYPING SUPPORT

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

MENTORING & GUIDANCE

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 Ahmedabad

TIMELINES

APPLICATIONS OPEN
11th Nov. 2020
APPLICATIONS CLOSE
30th Nov. 2020
EIR ANNOUNCEMENT
3rd Week Of Dec. 2020

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

AIR/WATER

  • Waste Water Management and Treatment

  • Monitoring Quality of Air and Water

  • Interventions for air and water pollution reduction

ENVIRONMENTAL/CLEAN TECH

  • Solving the problem of Waste Segregation

  • Greener/Sustainable Packaging Material

INNOVATIONS FOR MSME

  • Cost efficient tech solutions for MSMEs

  • Sustainable Energy Solutions for MSMEs

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

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)

PROGRAM
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 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.

ELIGIBILITY CRITERIA:

  • 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.