| NIDHI - ENTREPRENEUR-IN-RESIDENCE |
| Organization | Venture Center |
| Source of funding | Government |
| Scheme | NIDHI - ENTREPRENEUR-IN-RESIDENCE |
| Type of funding | Fellowships |
| Funding Amount | 360000 |
| Description | Fellows will receive a monthly fellowship of Rs. 30000 for 12 months. |
| Range of funding | Under Rs 10 lakh |
| Target investees | First generation innovative entrepreneur |
| Note | (1) The individual should to be committed to exploring a business idea full time.
(2) The fellowship is not a stop gap arrangement to support academic pursuits or transition between jobs.
(3) NIDHI-EIR cannot be concurrent with any other remuneration or fellowship.
(4) The candidate should be/willing to be registered for the pre-incubation or incubation program at the TBI for the entire duration of NIDHI-EIR support.
(5) 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.
(6) Once the NIDHI-EIR recipient raises funding or investments for their business ideas/ potential start ups from other source, the grant support shall be discontinued from the date of receipt of the first tranche of funds. |
| Purpose | Inspire the best talents to become entrepreneurs by minimizing the risk involved in pursuing start- ups and to partially offset their opportunity costs of high paying jobs. |
| Focus area | Multiple focus areas |
| Provides Funds For | A, B, |
| Scheme Type | Ongoing scheme |
| Recommended scheme | |
| Scheme status | Live scheme |
| More detail.. | Link |
