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Eligibility Criteria

NIDHI-EIR support aspirant should fulfill all the following requirements:

  • The EIR applicant should be a 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/postgraduate education towards one or more degree programmes. Basic degree or diploma should be in science or engineering. OR
    • 3 years degree or diploma program and have 2 years 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 prior source of income. NIDHI-EIR support recipients 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 background of the NIDHI-EIR needs to be provided in a prescribed format.
  • The NIDHI-EIR support recipient should propose one technology business idea in a prescribed format.
    NIDHI-EIR support recipients are expected to pursue their entrepreneurial aspirations full time. NIDHI-EIR cannot be concurrent with any other education program, remunerating assignment or fellowship
  • NIDHI-EIR support recipient cannot be the promoter or significant (>10%) shareholder / beneficiary of another company at the time of applying for and after 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 a) technology business ideas with larger technology uncertainties and/ or long gestation periods, b) technology business ideas leveraging technology or IP from publicly funded research or academic organizations, c) technology business ideas with considerable potential for social impact.
  • Entrepreneurs pursuing business ideas with no or marginal technology innovation or those with a very short journey (i.e less than 6 months) to commercialization are discouraged to apply.