ELIGIBILITY FOR NIDHI-EIR SUPPORT

  1. The EIR applicant should be citizen of India with possession of a government approved proof of nationality such as a valid passport, voter’s id etc.
  2. The EIR applicant should have completed minimum basic full time undergraduate or more education towards one or more degree programme in Basic Sciences/ Engineering/ Biotechnology/ Medicine/ Law etc.
  3. Expected eligibility qualifications are PhD/ MTech/ BTech/ BPharm/ MD/ MBBS/ BDS/ MSc/ BSc/ MPhil/ MDes/ MPH/ MBA/ LLB/ LLM/ MSW etc.
  4. 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.
  5. 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.
  6. Preferences will be given for the following:
    1. Women entrepreneurs
    2. Innovators under the age of 35
    3. Business plan that can result in manufacturing  and better jobs creation
    4. Professionals with relevant work/ industry experience with a urge to take entrepreneurship as an career
    5. Applicants with a history/ track record of invention/ tinkering solutions etc or volunteering with organizations to address/ solve problems.
  7. Applicants shall be evaluated based on the following:
    1. The NIDHI-EIR support recipient should propose one technology business idea in a prescribed format.
    2. NIDHI-EIR support recipient are expected to pursue their entrepreneurial aspirations full time. NIDHI-EIR cannot be concurrent with any other remuneration or fellowship.
    3. 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
    4. The NIDHI-EIR should be registered for the pre-incubation or incubation program at the TBI for the entire duration of NIDHI-EIR support.
  8. Preference shall be given for the following:
    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.
  9. 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.
  10. 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.
  11. 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.