Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs
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CONTEXT: NIDHI-EIR BROCHURE FEATURING ENTREPRENEURS IN RESIDENCE LAUNCHED
About NIDHI-EIR:
- Department of Science and Technology (DST) has announced National Initiative for Developing and Harnessing Innovations (NIDHI) as an umbrella programme for nurturing ideas and innovations (knowledge-based and technology-driven) into successful startups.
- Entrepreneurs-in- Residence (EIR) Programme is one of the programs introduced under NIDHI to 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.
The opportunities under NIDHI-EIR Programme include:
- Guidance from experienced, innovative and highly successful entrepreneurs on the business concept, strategy or venture and insight into specific industries or markets.
- Best practices for starting a business and broaden the professional network.
- Co-working spaces for developing the idea into a marketable product.
The Programme thus encourages enterprising individuals to venture out and pursue daring entrepreneurial ideas as well as enhances the quantity and quality of startups About Venture Center: For, NIDHI-EIR, Venture Center is Programme Implementation Partner of NSTEDB. Venture Center is the trademark of Entrepreneurship Development Center, a not-for- profit company hosted by the National Chemical Laboratory, Pune, India.
