DST NIDHI-Entrepreneurship-in-Residence (EIR) Programme

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.

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.

                                                                                                                  OR

          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.

  • Funding under NIDHI EIR Call 3 is divided under three heads namely – EIRs from General Category; EIRs from SC category and EIRs from ST category. Candidates applying under the SC and ST categories should provide a caste certificate as will be requested by FTBI NIT Rourkela at the time of application.

  • The NIDHI-EIR support recipient should propose one technology business idea in a prescribed format. (Link: https://forms.gle/W1MThM4knd9jb6Mf9)

  • 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 is 15th February 2021 (Monday).

Please find attached the PDF of the application proforma. 

Click here to apply: 

  • Application fees: Rs 300/-(Non-refundable)

  • In Favour of : FTBI, NIT Rourkela

  • Bank A/C No.: 38997871030

  • IFSC Code : SBIN0002109

Results: 


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