Call for Application for NIDHI EIR Program is closed now

Call for Application for NIDHI EIR Program is Close now

Nidhi Is the National Initiative for Developing and Harnessing  Innovations – 

An umbrella program conceptualized by the Innovation & Entrepreneurship division of the Department of Science and Technology, Government of India aimed at catapulting INNOVATIONS into START-UPS, which in turn would contribute to the building of an innovation driven ecosystem to bring about economic development through creation of wealth.

NIDHI-Entrepreneur-In-Residence (NIDHI-EIR) National Science and Technology Entrepreneurship Development Board (NSTEDB), Government of India supporting Technology Business Incubators is mainly associated with academic and research institutions to leverage technologies and innovations for venture creation. Converting technologies and research into start-up ventures has a long product development and revenue generation time. To inspire the best talents to be entrepreneurs, minimise the risk involved in pursuing start-ups, and to partially set off their opportunity costs of high paying jobs, NSTEDB has introduced NIDHI-Entrepreneurs-in-Residence (EIR) Programme. 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.

Objectives of NIDHI-EIR

The Program 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.

Sector Focus Of BHAU INSTITUTE

Technologies

IoT & AI

Grassroot & Social

Healthcare Tech

E – Vehicles

EduTech

Renewable Energy

Eligibilty Criteria

Please refer the guidelines document for more details

https://www.nstedb.com/New_
Programmes/NIDHI-EIR.pdf

The applicant should be an Indian citizen
Applicant should have the following educational background:
1. Minimum 4 years of undergraduate / postgraduate in the science or engineering field.
2. 3 years of diploma/ degree in the science or Engineering field with a minimum of 1-2 years of full-time work experience.

Preferences will be given for the following

Women entrepreneurs
Innovators under the age of 35
Business plan that can result in manufacturing jobs
Professionals with relevant work/ industry experience
Applicants with a history/ track record of invention/tinkering solutions etc or volunteering with organizations to address/solve problems

Selection criteria in addition to mentioned in the guidelines

Uniqueness of the idea
Differentiators against the competitors
Domain centric ideas mentioned in the section C
Sustainability

Terms and Conditions

Software and SaaS based project will not be considered for the program.
As its a Entrepreneur In-residence program, fellow should report to Bhau Institute on every Thursday without fail.
Fellow should not having any parallel income source.
Fellow should attend every events at Bhau Institute, also be there whenever any official from Bhau Institute will ask to come
Applicant/team member should not be a recipient of the NIDHI-EIR previously. NIDHI-EIR can be used only once.

Funding Mechanism

Support Grant

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.

Hence total maximum support to be capped at 3, 60,000 /- for each selected NIDHI- EIR.

Duration: 12 to 18 months based on the milestones

The Opportunities Under NIDHI-EIR Programme Includes

Guidance from experienced, innovative and highly successful entrepreneurs on the business concept, strategy or venture and insight into specific industries or markets.
End to end mentoring support from idea validation to business plan drafting.
Best practices for starting a business and broaden the professional network.
Office spaces for developing the idea into a marketable product.
Guidance to apply for government grants of higher TRL, funding network and ecosystem network, and individuals who will support them in their initial startup journey.

For more details please reach us on

Email: nidhi-eir.bhau@coep.ac.in

Contact: 020 25507023