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Reports name /title Funding scheme detail
Report was generated on 20 Jul 2019 (Date based on PCT time)
Report url http://venturecenter.co.in/viewrecord.php?srn=BI20170808103053
Description & notes (A) - Technology Development Funds; (B) - Patent Protection Funds; (C) - Technology In-Licensing Funds; (D) - Technology Scale-up/ Validation / De-risking Funds; (E) - Market Entry Funds; (F) - Expansion Funds;
NIDHI - ENTREPRENEUR-IN-RESIDENCE
OrganizationVenture Center
Sub-Department / Committee
Source of fundingGovernment
SchemeNIDHI - ENTREPRENEUR-IN-RESIDENCE
Type of fundingFellowships
Funding Amount360000
DescriptionFellows will receive a monthly fellowship of Rs. 30000 for 12 months.
Range of fundingUnder Rs 10 lakh
Target investeesFirst 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.
PurposeInspire 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 areaMultiple focus areas
Provides Funds For A, B,
Scheme TypeOngoing scheme
Recommended scheme
Scheme statusLive scheme
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