Calling NIDHI EIR FELLOWS

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ABOUT

Kerala Startup Mission calling young entrepreneurs for NIDHI EIR Fellowship Program 2022. KSUM is one of the approved NIDHI-EIR centres by National Science & Technology Entrepreneurship Development Board (NSTEDB), Govt of India. 10 startups incubators had been selected as Program Execution Partners under NIDHI-EIR program from all over India and KSUM is one of them as PEP. 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.

FOCUS SECTORS

MEDTECH

HARDWARE & ROBOTICS

CLEANTECH

INNOVATIVE TECHNOLOGIES

BENEFITS

  1. Upto 30000 Monthly stipend to each fellows for 12 Months. Can extend upto 18 months. Minimum 20000
  2. Access to prototyping labs
  3. Dedicated mentor for each fellow
  4. Guidance and networking opportunities.
  5. Chance to get incubated in KSUM Incubators (Trivandrum, Kochi, Kozhikode)
  6. Access to structured FFS Pre-Incubation program with hand hold support

OBJECTIVES

  1. To encourage graduating students to take to entrepreneurship by providing support as a fellowship.
  2. To make pursuing entrepreneurship related to a technology business idea more attractive amongst available career options.
  3. To provide a prestigious forum for entrepreneurs to pursue their ventures without any additional risks involved in technology based businesses.
  4. To enable creation of new start-ups by entrepreneurs and significant progress towards raising funding or investment.

ELIGIBILITY

  • The EIR applicant should have completed
    • Minimum 4 years of formal full time undergraduate/post graduate education towards one or more degree programme. Basic degree or diploma should be in science or engineering. OR
    • 3 years degree or diploma program and have 2 year full time work experience post degree or diploma. Basic degree or diploma should be in science or engineering.
  • The EIR is expected to be full-time committed to exploring a business idea.
  • NIDHI-EIR seeking the support should demonstrate his ability to build a scalable technology business startup. The background of the NIDHI-EIR needs to be provided in a prescribed format.
  • Funding under NIDHI EIR Call 3 is divided under three heads namely - EIRs from General Category; EIRs from SC Category and EIRs from ST Category whereas under Call 4, only General Category is considered.
  • The NIDHI-EIR support recipient should propose one technology business idea in a prescribed format.
  • NIDHI-EIR support recipient are expected to pursue their entrepreneurial aspirations full time. 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
  • The NIDHI-EIR should be registered for the pre-incubation or incubation program at the TBI for the entire duration of NIDHI-EIR support.
  • Preference shall be given for a) 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.
  • 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 seeking support should have a formal business plan for the idea they intend to pursue and a business presentation including the investment proposal.
  • Applying EIR's age should be below 30 as on 01.04.2022

PARTNERS

MENTORS

TOM THOMAS

Project Director, KSUM

JITH THOMAS

Senior Fellow, KSUM

PARAG MURALI

Senior Fellow, KSUM

DHANAJ K

Assistant Manager, KSUM

APPLY

DOCUMENTS REQUIRED
  1. Duly filled application form
  2. Proof for Caste certificate ( For SC, ST category application)
  3. Formal Business Plan
  4. Business presentation including the Financials
  5. Proof of citizenship (copy of aadhaar/passport)
Apply Now
Note: We have completed the EIR Fellow onboarding for this year. we are not processing applications at this moment. your application will be considered once we are ready to resume processing