Daily Current Affairs 2020 NIDHI-EIR Brochure featuring Entrepreneurs in Residence launched | Daily Current Affairs 2020

NIDHI-EIR Brochure featuring Entrepreneurs in Residence launched

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A brochure featuring Entrepreneurs in Residence (EIR) under the National Initiative for Developing and Harnessing Innovations (NIDHI) programme was launched by DST Secretary Professor Ashutosh Sharma at the National Get-Together of NIDHI-EIR Family

The brochure brought out by Venture Center, details what the EIRs are working on and some highlights about them. It is also meant to be a directory of all EIRs. All contributing project execution partners are also featured in the brochure. The brochure also has a summary number of results and impact.

Entrepreneurs-in-Residence (EIR) Programme under National Initiative for Developing and Harnessing innovations (NIDHI) of Department of Science and Technology supports aspiring or budding entrepreneur of considerable potential 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 programme aims to provide guidance to these aspiring entrepreneurs from experienced, innovative and highly successful entrepreneurs on the business concept strategy and insight into specific industries or markets, inspire the best talents to be entrepreneurs, to minimise the risk involved in pursuing start-ups, and to partially set off their opportunity costs of high paying jobs.

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. This program is important in that it creates a pipeline of startups with a focus on young budding entrepreneurs.

Source: DD News

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