NIDHI-EIR program launched 

  • IASbaba
  • September 4, 2020
  • 0
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NIDHI-EIR program launched 

Part of: GS Prelims and GS-III- Entrepreneurship; Innovation

In news

  • A brochure featuring Entrepreneurs in Residence (EIR) was recently launched. 
  • Launched under: National Initiative for Developing and Harnessing Innovations (NIDHI) programme. 
  • Concerned department: Department of Science & Technology (DST) Secretary.
  • The brochure details what the EIRs are working on and some highlights about them. 
  • It is also meant to be a directory of all EIRs. 

Important value additions 

  • NIDHI supports aspiring entrepreneurs for pursuing a promising technology business idea over a period up to 18 months with a subsistence grant up to Rs 30000 per month with a maximum cap for total support of Rs 3.6 lakh to each EIR over a maximum of 18 months.
  • The NIDHI-EIR programme 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.

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