NIDHI-EIR - DERBI Foundation

Entrepreneurs-in- Residence (EIR) Program is the program introduced under NIDHI scheme to inspire the best talents to be entrepreneurs, to minimize the risk involved in pursuing startups, and to partially set off their opportunity costs of high paying jobs. The NIDHI-EIR program 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.

Access to Stipend Fellowship up to INR 30,000 under NIDHI-EIR Program

Focus Area

Digital Health

Hospital Automation
AI for Diagnosis
Point of Care Devices
Telemedicine
Nutrition
Sanitization & Hygiene
Wellness

Program Benefits

Grant upto INR 30,000 per month for 12 months.
Access to prototyping labs, mentoring, guidance and networking opportunities.
Access to structured Pre-Incubation with hand hold support.
Chance to get incubation at DERBI Foundation.
Gain knowledge of best practices for starting a business and broaden the network.
Support in activities related to company formation, legality, IP management, and business development.

Eligibility To Apply

The EIR applicant should be a 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 applicant should have completed
- Minimum 4 years of formal full time undergraduate/post-graduate education towards one or more degree programs. A basic degree or diploma should be in science or engineering.
  OR
  3 years degree or diploma program and have 2 years full-time work experience post-degree or diploma. A basic degree or diploma should be in science or engineering.

Who Should Not Apply

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
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 support recipient should not treat this support as a stop gap arrangement to support them in their academic pursuits or transition between jobs
Applicant should not have a registered entity

Preferences

Preference shall be given foray 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 recipient should register for the pre-incubation program at DERBI Foundation for the entire duration of NIDHI-EIR support.
NIDHI-EIR support recipients should be willing to pursue their entrepreneurial aspirations full time.
NIDHI-EIR seeking recipients should have a formal business plan for the idea they intend to pursue and a business presentation including the investment proposal.

Experience From The Program

PACE aims to validate and remodel a highs impact idea into a successful viable business plan.

Value Propositions
Channels, Customer Segments and Product market fit
Customer Relationships
Revenue Streams
Partnerships, Resources, Activities and Costs
Demo Day

NIDHI EIR FELLOWS

Founder	Product / Service
Sateesh Ambesange	Generating Synthetic Data of Medical healthcare data to compliance for privacy like HIPAA, and country specific privacy bills.
Pooja P M	Depth of Anesthesia (DoA) Monitoring device using EEG technology.
Sushmita	The Charity Industry is facing lack of funds because donors couldn’t trustfully make donations as the system lacks the transparency of how the money is actually getting utilized at ground level.
Arshad M Koya	We are manufacturing cognitive exercise electronics healthcare tools which is very much useful for students of different ages. This is also applicable for Learning disability child, autism child, ADHD, stroke patients and so on.
Jyoti Pawar	I am manufacturing a solar powered home based composter that is built from terracotta or plastic bins. The device will be a low cost household appliance and can be used for composting at each household level.
Deepak Dille	Agaricus solutions works towards sustainability. We address the latest issue in the packaging, construction market , furniture industry, Leather industry etc.
Raghavendra Satalagaon	Designing of high luminous LED lights for lighting purpose in villages based on solar as well as electrical also building of cheap and best air coolers for high temperature areas.
Elumalai M	Opportunity driven social entrepreneurship for Tribal women farmers through Haritaki ( Kadukkai) Enterprises in Kalvarayan hills . This will provide sustainable employment opportunities for tribal womens through Collection, Sorting & Grading.
Manjunatha MP	Make competitive exams like FDA SDA KAS UPSC easy & economical.
Arun Kumar K M	Working on cultivation of medicinal mushrooms i.e, cultivating/growing mushroom and convert the mushrrom into powder form which can be used for supplement of malnutrirtion for kids and also can be used for medicinal purpose

Program Partners

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NIDHI PRAYAS

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