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Entrepreneur-in-Residence Programme

Entrepreneur-in-Residence Programme:

The Union Minister of State for Science & Technology said that Entrepreneur-in-Residence (EIR) Programme is gaining popularity among young startups, innovators.

  • Entrepreneur-in-Residence Programme is one of the programs introduced under National Initiative for Developing and Harnessing Innovations (NIDHI).
  • It aims to encourage graduates to take to entrepreneurship as a prospective career option by providing financial and non-financial support in the form of a fellowship.
  • Features of Entrepreneur-in-Residence (EIR) Programme:
    • Financial Support: Recipient is eligible to get financial support of up to INR 30,000/- monthly.
    • It is offered to graduate students for a maximum period of 12 months.
    • The Programme includes access to the infrastructure facilities at the TBI, mentoring support and guidance, technical and financial advice, industry connections.
  • It is implemented by the Department of Science and Technology, Government of India in association with NCL Venture Centre, Pune.
  • NIDHI Programme : National Initiative for Developing and Harnessing Innovations (NIDHI) as an umbrella programme for nurturing ideas and innovations (knowledge-based and technology-driven) into successful startups.