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28/07/22 14:19 PM IST

National Initiative for Developing and Harnessing Innovations (NIDHI)- Entrepreneurs-in-Residence (EIR) program

In News 
  • Union Minister of State (Independent Charge) Science & Technology; Dr Jitendra Singh said, 604 aspiring entrepreneurs or startups have been supported so far under National Initiative for Developing and Harnessing Innovations (NIDHI)- Entrepreneurs-in-Residence (EIR) program.
NIDHI- EIR Program 
  • The main objective of NIDHI EIR program is to encourage graduating students to take entrepreneurship instead of seeking jobs.
  • The selected NIDHI-EIR support recipient (aspiring entrepreneurs/startups) is eligible for grant up to Rs.30,000/- per month for a period of 12 months.
  • This fellowship is extendable up to 18 months in case of deserving candidates.
  • Entrepreneurs-in- Residence (EIR) is the program introduced under the umbrella of National Initiative for Developing and Harnessing Innovations (NIDHI) by Department of Science & Technology (DST) in the financial year 2016-17.
  • This program aims to inspire and provide support to S&T qualified persons who aspire to be an entrepreneur and has an innovative idea.
  • The NIDHI EIR program is positioned as a pre-incubation program to generate new pipeline of entrepreneurs or startups.
Source- PIB 

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