• Amrita TBI nidhi-eir

    National Initiative for Developing and Harnessing Innovations (NIDHI) Entrepreneur In Residence(EIR)

About Us

Amrita Technology Business Incubator is one of the ten approved NIDHI-EIR centres by National Science & Technology Entrepreneurship Development Board (NSTEDB), Govt of India. Ten startups incubators are selected as Program Execution Partners under NIDHI-EIR program from all over India and Amrita TBI is selected from Kerala. click here for current NIDHI-EIR PEP Partners. The NIDHI-EIR Programme would provide subsistence grant upto Rs.30,000 per month to an aspiring or budding entrepreneur of considerable potential for pursuing a promising technology business idea .

National Initiative for Developing and Harnessing Innovations (NIDHI)

National Initiative for Developing and Harnessing Innovations (NIDHI) is an umbrella programme conceived and developed by the Innovation & Entrepreneurship division,Department of Science & Technology, Government of India, for nurturing ideas and innovations (knowledge-based and technology-driven) into successful startups.

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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.

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We are currently accepting applications for the Amrita NIDHI-EIR program.

Benefits

1) You will receive monthly grant of maximum of Rs.30,000/- per month for a period of twelve months. Grant amount can vary between Rs.10,000 to Rs.30,000 depending on the quality of the start-up.

2) You will be given mentorship and handholding for activities related to IP management, legal and contract, mobilizing resources and other business development .

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Funding

The Amrita TBI NIDHI-EIR support recipient (EIR) 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. Amrita TBI will evaluate the applications according to the guidelines set by NSTEDB.

Amrita TBI NIDHI-EIR will be monitored very closely for the targeted milestones and is required to submit the progress report every quarter. Non-Performing Amrita TBI NIDHI-EIRs will be terminated even before completion of 12 months. This funding is subject to your commitment and performance.

Are you Eligible?

The EIR applicant should be citizen of India. An Indian citizen is defined as one who is in possession of a government approved proof of nationality such as a valid passport, voter’s id etc.

The EIR is expected to be committed to exploring a business idea. Typical NIDHI-EIR needing the support is a first generation innovative entrepreneur, who has no prior source of income. NIDHI-EIR support recipient should not treat this support as a stop gap arrangement to support them in their academic pursuits or transition between jobs.

The EIR applicant should have completed minimum 4 years of formal full time undergraduate/post graduate education towards one or more degree programme

NIDHI-EIR seeking the support should demonstrate his ability to build a scalable technology business startup. The background of the NIDHI-EIR needs to be provided in a prescribed format.

The NIDHI-EIR support recipient should propose one technology business idea in a prescribed format.

NIDHI-EIR support recipient are expected to pursue their entrepreneurial aspirations full time. NIDHI-EIR cannot be concurrent with any other remuneration or fellowship.

NIDHI-EIR support recipient cannot be the promoter or significant (>10%) share holder / beneficiary of another company at the time of applying for and receiving the grant approval

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.

The NIDHI-EIR should be registered for the pre-incubation or incubation program at the TBI for the entire duration of NIDHI-EIR support.

Entrepreneurs pursuing business ideas with no or marginal technology innovation or those with very short journey (i.e less than 6 months) to commercialization are discouraged to apply.

NIDHI-EIR seeking support should have a formal business plan for the idea they intend to pursue and a business presentation including the investment proposal.

Once the NIDHI-EIR raise funding or investments for their business ideas/ potential start ups, the grant support shall be discontinued from the date of receipt of the first tranche of funds.

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