Department of Science and Technology (DST) has announced National Initiative for Developing and Harnessing Innovations (NIDHI) as an umbrella programme for nurturing ideas and innovations (knowledge-based and technology-driven) into successful startups. Entrepreneurs-in- Residence (EIR) Programme is one of the programs introduced under NIDHI to inspire the best talents to be entrepreneurs, to minimise the risk involved in pursuing start- ups, and to partially set off their opportunity costs of high paying jobs. 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.
To be a Programme Execution Partner under NIDHI-EIR program, an applicant Technology Business Incubator should:
-Be a NSTEDB approved and recognised incubator (not-for-profit legal entity);
-Be in existence for at least three years with proven track record of incubation;
-Have minimum of 20 resident incubatees; and
-Have capacity to generate pipeline of incubatees and accommodate the growth in number of start-ups that can result from the NIDHI-EIR programme
The opportunities under NIDHI-EIR Programme include:
-Guidance from experienced, innovative and highly successful entrepreneurs on the business concept, strategy or venture and insight into specific industries or markets.
-Best practices for starting a business and broaden the professional network.
-Co-working spaces for developing the idea into a marketable product.
-The Programme thus encourages enterprising individuals to venture out and pursue daring entrepreneurial ideas as well as enhance the quantity and quality of startups.
You can check and confirm your eligibility on official website
Once you have checked your eligibility for the program , you can register for a login on the link
Check your eligibility for the schemeClick here to know