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Amrita TBI Entrepreneur-in-Residence

Amrita Technology Business Incubator is one of the ten approved NIDHI Entrepreneur-in-Residence (EIR) centres by National Science & Technology Entrepreneurship Development Board (NSTEDB), Govt of India. The NIDHI-EIR Programme would provide subsistence grant upto Rs.30,000 per month to an aspiring or budding entrepreneur of considerable potential for pursuing a promising technology business idea .

Amrita TBI is a non-profit startup incubator supported by Govt. of India and Amrita Vishwa Vidyapeetham that funds, mentors and nurtures ideas, startups and entrepreneurs.

Total Grant upto Rs. 360000

Submission Deadline 15 June 2023.

National Initiative for Developing and Harnessing Innovations (NIDHI)

National Initiative for Developing and Harnessing Innovations (NIDHI) is an umbrella programme conceived and developed by the Innovation & Entrepreneurship division,Department of Science & Technology, Government of India, for nurturing ideas and innovations (knowledge-based and technology-driven) into successful startups.

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NIDHI-Entrepreneur-In-Residence (NIDHI-EIR)

National Science and Technology Entrepreneurship Development Board (NSTEDB), Government of India supporting Technology Business Incubators is mainly associated with academic and research institutions to leverage technologies and innovations for venture creation. Converting technologies and research into start-up ventures has a long product development and revenue generation time. To inspire the best talents to be entrepreneurs, minimise the risk involved in pursuing start-ups, and to partially set off their opportunity costs of high paying jobs, NSTEDB has introduced NIDHI-Entrepreneurs-in-Residence (EIR) Programme.

Submission Deadline

15 June 2023

Benefits

1) You will receive monthly grant of maximum of Rs.30,000/- per month for a period of twelve months. Grant amount can vary between Rs.10,000 to Rs.30,000 depending on the quality of the start-up.

2) You will be given mentorship and handholding for activities related to IP management, legal and contract, mobilizing resources and other business development .

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Funding

The Amrita TBI NIDHI-EIR support recipient (EIR) 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. Amrita TBI will evaluate the applications according to the guidelines set by NSTEDB.

Amrita TBI NIDHI-EIR will be monitored very closely for the targeted milestones and is required to submit the progress report every quarter. Non-Performing Amrita TBI NIDHI-EIRs will be terminated even before completion of 12 months. This funding is subject to your commitment and performance.

Are you Eligible?

The EIR applicant should be citizen of India. An Indian citizen is defined as one who is in possession of a government approved proof of nationality such as a valid passport, voter’s id etc.

The EIR is 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.

The EIR applicant should have completed minimum 4 years of formal full time technical undergraduate/post graduate education towards one or more degree programme

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.

The NIDHI-EIR support recipient should propose one technology business idea in a prescribed format.

NIDHI-EIR support recipient are expected to pursue their entrepreneurial aspirations full time. NIDHI-EIR cannot be concurrent with any other remuneration or fellowship.

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

Preference shall be given for a) technology business ideas with larger technology uncertainties and/ or long gestation periods, b) technology business ideas leveraging technology or IP from publicly funded research or academic organizations, c) technology business ideas with considerable potential for social impact.

The NIDHI-EIR should be registered for the pre-incubation or incubation program at the TBI for the entire duration of NIDHI-EIR support.

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.

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.

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.

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EIR Success Stories

Patodia Infotech Pvt. Ltd
  • Patodia Infotech provides a state-of-the-art solution based on unsupervised machine learning to find abnormal (or unusual) data, activity, and transactions from any type of data.
  • Their product "Discover" finds abnormal data in the dataset containing a million rows in a few minutes and gives results at a very fast speed.
Efligence Informatics (OPC) Pvt. Ltd
  • Efligence offers Energy Management as a service involving a real-time energy management platform that includes monitoring of most forms of utility like gas, water, and electricity, together with environmental parameters like temperature, humidity and control of energy-guzzling equipment like air conditioners, motors, etc to reduce the carbon footprint of enterprises while increasing their profitability through direct bottom-line cost control.
  • While on EIR support, they were nominated for the top 100 startup companies under the ELEVATE program in Karnataka.
Zaci Technologies & Services Private Limited
  • Zaci Technologies and Services Private Limited is an Indian conglomerate headquartered in Kerala (South India). The company is mainly in design, development, fabrication, installation, commissioning, and maintenance of custom-built projects. Their strength is in the conceptualization of a product, drawing up the system architecture, board layouts, supply chain management, embedded firmware development, field testing, and other related requirements.
  • They have been helping their parent company Velox innovations in projects for BHEL, Cochin Shipyard, and Indian Navy and in many other prestigious projects.
  • During their EIR tenure, they were able to successfully launch Thing scanner, an AI tool
Prophaze Technologies Pvt. Ltd
  • It is a Cloud-based Web application API protection. With the EIR support, Prophaze has built a web-based firewall using the Kubernetes platform to secure against cyberattacks. It is a native cloud security built for securing all transactions in the cloud.
  • During their fellowship period, they successfully attracted a cloud-based HR , an international client for testing their product. They also received STQC certification for functionality.

Testimonials

Amrita TBI is the rarest of the rare among the various startup incubators in India. I am particularly happy that Amrita TBI is recently ranked among Top 5 prolific incubators in India and mentored more than 200 startup ideas. I am delighted to see that Amrita TBI nurtures, supports and facilitates startups and also helps a lot of young startups and entrepreneurs. I wish Amrita TBI to scale up and support many more startups.
Krishna Chandra Dey

Amitabh Kant

CEO, NITI Aayog

We have been tremendously benefited from the incubation including the network, funding and value they brought on to the table. Amrita TBI has been always start-up friendly in their terms of engagement and investments. I can confidently say Amrita TBI stands among top incubators in India
Subrahmanya Rao

Subrahmanya Rao

Discover Dollar Consulting

The ecosystem Amrita TBI offers and most importantly advantage of incubating inside a university helped us to get constant guidance from professors and a continuous knowledge. It has been a wonderful experience and simply the best spent year I could have imagined for taking steps to start my own business
Prashanth Reddy

Prashanth Reddy

StudyOwl Education

Amrita TBI is the only one incubator which very effectively supports hardware startups in India. Acceleron Labs couldn’t think of any other better physical incubation other than Amrita TBI. The way Amrita TBI executes their plans are awesome and physical incubation space available at Amrita TBI Kollam, Bangalore and Coimbatore are excellent
L.K. Prasad

L.K. Prasad

Acceleron Labs

We greatly benefitted from technical and business mentorship provided. We started getting recognition and traction after we won Amrita TBI Pitchfest

Santhosh Patil

MiQasa

AmritaTBI was the first incubator we got into before we knew anything about the startup ecosystem. They recognized the potential of our product before we had acquired customers. They continue to support us today with connects and all the ancillary assistance required to run a company in India

Kodandarama M. A.

Preksh Innovations

Amrita TBI helps us to be instrumental in shaping my startup with their mentoring and feedback. We can very confidently share that, Amrita TBI has only one purpose which is to support STARTUPS for their success. It provides access to valuable resources as and when required without any agenda. This has proven by winning the National Award. We look forward to resourceful engagement with Amrita TBI for all our future endeavors

Rakesh Meladath

Meladath Auto Components

Amrita TBI has a large pool of mentors across the world. They helped us to fine tune and scale the product. We are grateful that mentors have supported us in deep tech areas such as Machine Learning to complete the product on time. It was an exciting journey for us with Amrita TBI

BKP Sharma

Founder- Agilean

Amrita TBI, a place of innovation, Where ideas are born, with a gentle rotation. A hub of creativity, and a beacon of hope, Inspiring young minds, to reach and to cope.
 
A place where technology meets with the heart, Where innovation is driven, by love from the start. A bridge between worlds, a path to success, Where new ideas are born, with no limit or stress.
 
With mentors and leaders, who guide the way, Amrita TBI, leads us each day. To a future so bright, and full of potential, Where our ideas can grow, and be instrumental.
 
So let us embrace, this place of wonder, Where we can find, our own path and adventure, With Amrita TBI, as our guide and friend, We can achieve greatness, that knows no end.

Incubatee

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