Application for NIDHI-EiR Funding:

We are calling applications for this fellowship, wherein you stand chance to win up to Rs 3.6 lakhs along with incubation, mentoring and further funding support from FTBI NIT Rourkela.

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ELIGIBILITY FOR NIDHI-EIR SUPPORT:

• 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 applicant should have completed

          Minimum 4 years of formal full time undergraduate/post graduate education towards one or more degree programme. Basic degree or            diploma should be in science or engineering.

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          3 years’ degree or diploma program and have 2-year full time work experience post degree or diploma. Basic degree or diploma should            be in science or engineering.

• 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 parallel 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.

• NIDHI-EIR seeking the support should demonstrate his ability to build a scalable technology business startup.

• 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.

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

• Preference shall be given for

1. technology business ideas with larger technology uncertainties and/ or long gestation periods,

2. technology business ideas leveraging technology or IP from publicly funded research or academic organizations,

3. technology business ideas with considerable potential for social impact.

• 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.

The last date to apply for this programme :  21st November 2023

Selection Date:  Will let you know

Venue: FTBI, NIT Rourkela

Time: Will let you know

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Please find attached the PDF of the application proforma. 

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​Click here to apply: 

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Results of Round 4: 

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Results of Round 3 

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The decision for awarding of grants by FTBI NIT Rourkela is full and final.