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
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.Apply Now
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.
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 .Apply Now
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.
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