NIDHI-EIR Programme
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By: Empower IAS
News:
• A brochure featuring Entrepreneurs in Residence (EIR) under the National Initiative for Developing and Harnessing Innovations (NIDHI) programme was launched by Dept. of Science and Technology (DST).
About NIDHI-EIR Programme:
• DST has announced a National Initiative for Developing and Harnessing Innovations (NIDHI) is an umbrella programme for nurturing ideas and innovations into successful startups.
• EIR programme is one of the programs introduced under NIDHI to inspire the best talents to be entrepreneurs, to minimise the risk involved in pursuing start-ups, and to partially set off their opportunity costs of high paying jobs.
• It provides tremendous opportunities for innovative entrepreneurs to expand their networks and get critical feedback on their ventures in order to promote their entrepreneurial career goals and aspirations.
Objectives
• To encourage graduating student to take to entrepreneurship by providing support as a fellowship.
• To provide a prestigious forum for deserving and budding entrepreneurs to pursue their ventures without any additional risks involved in technology-based businesses.
• To create, nurture and strengthen a pipeline of entrepreneurs for incubators.
• To make pursuing entrepreneurship related to a technology business idea more attractive among options available career options.
• To enable the creation of new startups by entrepreneurs and significant progress towards raising funding or investment.