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Eligibility Criteria

Eligibility for an NIDHI – EIR support:

  1. NIDHI – EIR recipients are 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.
  2. 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.
  3. The NIDHI – EIR support recipient should propose one technology business idea in a prescribed format.
  4. NIDHI – EIR support recipient are expected to pursue their entrepreneurial aspirations full time. NIDHI-EIR cannot be concurrent with any other remuneration or fellowship.
  5. 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
  6. The NIDHI-EIR should be registered for the pre-incubation or incubation program at the STEP for the entire duration of NIDHI-EIR support.
  7. Preference shall be given for
  • technology business ideas with larger technology uncertainties and/ or long gestation periods,
  • technology business ideas leveraging 7 technology or IP from publicly funded research or academic organizations,
  • Technology business ideas with considerable potential for social impact.
  1. 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.
  2. 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.
  3. 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.