IIT Patna Vishlesan I-Hub Foundation call for proposals under NIDHI-EIR is National Initiative for Developing and Harnessing Innovation - Entrepreneur-in-Residence. TIH IIT Patna will facilitate fellowship grants to budding entrepreneurs for pursuing a promising technology business idea. Selected entrepreneurs are eligible for maximum grant up to Rs. 30,000 per month for a period of 12 months.

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Aim

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• Technology business ideas with larger technology uncertainties and/ or long gestation periods

• Technology business ideas leveraging technology or IP from publicly funded research or academic organizations

• Technology business ideas with considerable potential for social impact or job creation.

• Women entrepreneurs

• Guidance from mentors & experts on business concepts related to commercialization.

• Access to co-working spaces and lab facilities subject to policies of IIT Patna Vishlesan I-Hub Foundation.

• The support to early-stage, product-focused young entrepreneurs working on the innovative big ideas would be for a maximum period of 18 months.

• As an NIDHI-EIR an entrepreneur gets office space, administrative support and a stipend to establish/make the most of their ideas and turn innovative breakthroughs into viable businesses.

• The NIDHI-EIR support recipient will be eligible for grant maximum of Rs.30,000/- per month with a minimum level of Rs.10,000/- per month for a period of 12 months extendable up to 18 months in case of deserving candidates subject to approval of the selection committee at respective NIDHI-TBI

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Eligibility

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• The EIR applicant should be a citizen of India

• Applicant should have completed 4 years of formal full time undergraduate/post graduate education (across one or more-degree programs) with graduation /diploma in science or engineering. Applicants holding 3 years degree /diploma in science or engineering with 2 year full-time work experience after completion of degree or diploma are also eligible.

• Applicant shall be willing to pursue the business idea under NIDHI EIR full time. It cannot be concurrent with any other remuneration or fellowship.

• The applicant shall propose one technology business idea in a prescribed format and should have a formal business plan for the idea they intend to pursue

• Applicant seeking the support should demonstrate the ability to build a scalable technology business startup and make a business presentation including the investment proposal.

• The applicant should be willing to be registered for the pre-incubation or incubation program at the IIT Patna Vishlesan I-Hub Foundation for the entire duration of NIDHI-EIR support.