Frequently Asked Questions

NIDHI Entrepreneur-in-Residence (EIR) Fellowship Program

What is the NIDHI EIR Program?

Entrepreneurs-in-Residence (EIR) Program is one of the programs introduced under the NIDHI Scheme by the Department of Science & Technology, Government of India. NIDHI-EIR Fellowship Program has been conceived to inspire the best talents to be entrepreneurs, by nurturing them to entrepreneurship with mentorship, access to office space, and guidance.

PDEU Innovation and Incubation Centre has been selected under this scheme in October 2021.

What support shall be provided to a recipient under NIDHI EIR Program?

Funding Support of minimum Rs. 10,000/- to maximum Rs. 30,000/- per month for a period of 12 months shall be given to an individual.

Other Benefits such as Prototyping support, Mentoring & Guidance, and Access to Incubation Space & Lab Facilities will be available at a reasonable service charge.

Who can apply for the Program?

An individual who fulfills the following criteria can apply :

  • is an Indian citizen;
  • is a having undergraduate/post-graduate degree or diploma, in the field of science or engineering;
  • is a first-generation innovative-entrepreneur, who has no prior source of income;
  • a scalable technology business start-up and is expected to pursue it full time; and
  • is or shall not be the promoter or shareholder holding more than 10% of another company
Can an under-graduation final year student apply for the Program?

No. An individual who has completed 4 years of formal full-time undergraduate/postgraduate education OR has completed 3 years degree or diploma program in science or engineering and has 2 years of full-time work experience post-degree or diploma, can only apply.

How to apply for the program?

An individual can apply online

What documents or details are required for applying?

Following documents will be required while applying online :

  • Proof of citizenship (Aadhaar)
  • PAN Card
  • Passport size photo
  • CV or Resume with details of education and work experience
  • Concept note of the proposed technology/business idea describing the knowledge or technology intensity aspects of the idea
  • Business presentation including the investment proposal (As per the template given in the online form)
What is the Selection Process?
  • Upon the receipt of Online Applications will be evaluated by the internal team of PDEU IIC – NIDHI TBI.
  • Post Internal Evaluation, shortlisted applicants will be called for screening.
What are the Selection Criteria/Parameters?

Following are the criteria/parameters for the selection :

  • Clarity of Business Idea
  • Team Expertise
  • Product/Service’s Achievability
  • Market Competitiveness
  • Uniqueness of Idea
  • Preference shall be given to:
    • 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.
  • 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.
Is it necessary for a selected individual to get incubated at PDEU IIC – NIDHI TBI?

Yes

Can an individual submit an application for more than one idea/start-up under this Program?

No. An individual can apply for one idea/ start-up only.

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