To date 11 of our startups have been approved under the NIDHI EIR scheme. National Initiative for Developing and Harnessing Innovations (NIDHI) Entrepreneur in Residence (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.
Ahmedabad University Support Foundation, VentureStudiois one of the ten approved NIDHI-EIR centres by National Science & Technology Entrepreneurship Development Board (NSTEDB), Govt of India. Tenincubators are selected as Programme Execution Partners under NIDHI-EIR programme from all over India and VentureStudiois one of them from Ahmedabad. The NIDHI-EIR Programme would provide subsistence grant up to Rs.30, 000 per month to an aspiring or budding entrepreneur of considerable potential for pursuing a promising technology business idea.
We invite applications in areas such as Life Sciences / Bio-Tech / Healthcare/Defence/ Clean-Tech / Environment/ Energy/ Water/ Consumer products/ IOT and any other innovative solutions addressing unmet market needs.
OBJECTIVE
ELIGIBILITY AND CONDITIONS
SELECTION PROCESS
The selection of the NIDHI-EIR support grantees shall be done by Venture Studio through a screening committee and certain qualifying criteria’s.
MONITORING AND REVIEW
OFFERINGS
The Programme thus encourages enterprising individuals to venture out and pursue daring entrepreneurial ideas as well as enhances the quantity and quality of Startups.
Please email the duly filled application form to [email protected]