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NIDHI-EIR

NIDHI – Entrepreneur in Residence

A fellowship that pays you to work full-time on a technology business idea before you incorporate anything.

What you get

₹10,000 to ₹30,000 per month for 12 months, extendable to 18

Nodal ministry

Department of Science & Technology (DST)

Support type

Grant

Best suited for

Ideation

Typical timeline

Announced locally by the host TBI

What this scheme actually is

NIDHI-EIR removes the opportunity cost of entrepreneurship. Selected fellows get a monthly stipend, co-working space at a NIDHI TBI and mentoring from experienced founders — while they are still validating the idea. For a graduating engineer or a researcher leaving a job, it is the difference between trying and not trying.

Implementing agency: NIDHI Technology Business Incubators

What the scheme sets out to do

Encourage graduating students and professionals to take up entrepreneurship
Support promising technology business ideas before incorporation
Provide fellowship, workspace and mentoring through NIDHI TBIs acting as Programme Executing Partners

Who can apply

Indian citizen
Completed a minimum of 4 years of full-time undergraduate or postgraduate education, or a 3-year degree or diploma programme with 2 years of full-time work experience after it
Pursuing a promising technology business idea

What you get

Grant of ₹10,000 to ₹30,000 per month for 12 months, extendable up to 18 months
Co-working space at the host TBI to develop the idea into a marketable product
Mentoring from experienced entrepreneurs on business concept, strategy and market insight
The selected NIDHI-TBI receives ₹39.6 lakh per year, of which ₹36 lakh flows to the EIRs

How to apply, step by step

  1. 1

    Find the NIDHI TBIs running EIR

    The programme is announced locally by each TBI rather than centrally. Identify the TBIs in your domain and track their announcements.

  2. 2

    Check the education and experience gate

    Four years of full-time UG/PG, or a 3-year degree/diploma plus two years of full-time work experience.

  3. 3

    Prepare the idea note

    Technology, problem, why now and what you will validate in 12 months. TBIs select on the founder as much as on the idea at this stage.

  4. 4

    Apply in the TBI's prescribed format and interview

    Selection is by the host TBI's committee.

  5. 5

    Use the fellowship to reach incorporation

    The strongest outcome is exiting the fellowship with a validated idea, an incorporated entity and a PRAYAS or SISFS application ready to file.

How Company Avenue Advisory helps

What we actually do on a NIDHI-EIR mandate

Incorporation timed to the fellowship — structure, founder agreement and cap table set up right the first time
DPIIT recognition as soon as the entity exists, unlocking the next tier of schemes
Founders' agreement and ESOP planning before co-founders join
A funding roadmap from EIR to PRAYAS to SISFS mapped against your 12-month plan

No consultant can guarantee a sanction — that decision sits with the evaluating committee, bank or incubator. We commit to an honest eligibility view, an application built to the evaluator’s format, filing inside the window and a documented follow-up cadence. That is stated in every engagement letter we sign.

Official sources

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