Recently, the Union Minister of State for Science & Technology announced that the Entrepreneur-in-Residence (EIR) Programme is becoming increasingly popular among young startups and innovators.
The EIR Programme is part of the National Initiative for Developing and Harnessing Innovations (NIDHI), designed to encourage graduate students to consider entrepreneurship as a viable career path. This initiative provides both financial and non-financial support through a fellowship.
The EIR Programme is implemented by the Department of Science and Technology, Government of India, in collaboration with the NCL Venture Centre in Pune.
The National Initiative for Developing and Harnessing Innovations (NIDHI) serves as a comprehensive initiative aimed at nurturing innovative ideas and technology-driven concepts, transforming them into successful startups.
Q1. What is the main goal of the Entrepreneur-in-Residence Programme?
Answer: The main goal of the EIR Programme is to foster entrepreneurship among graduate students by providing financial support and mentorship to help them develop their startup ideas.
Q2. How long can participants receive financial support through the EIR Programme?
Answer: Participants in the EIR Programme can receive financial support for a maximum period of 12 months, amounting to INR 30,000 per month.
Q3. Who implements the Entrepreneur-in-Residence Programme?
Answer: The EIR Programme is implemented by the Department of Science and Technology, Government of India, in collaboration with NCL Venture Centre, Pune.
Q4. What kind of support does the EIR Programme offer?
Answer: The programme offers various forms of support, including financial assistance, access to infrastructure, technical guidance, and industry connections.
Q5. What is the NIDHI Programme's role in entrepreneurship?
Answer: The NIDHI Programme serves as an umbrella initiative to nurture innovative ideas and transform them into successful startups through various support measures.
Question 1: What is the primary objective of the Entrepreneur-in-Residence Programme?
A) To provide loans to startups
B) To foster entrepreneurship among graduate students
C) To promote traditional businesses
D) To support only technology firms
Correct Answer: B
Question 2: How much financial support can a participant receive monthly under the EIR Programme?
A) INR 10,000
B) INR 20,000
C) INR 30,000
D) INR 50,000
Correct Answer: C
Question 3: Which department implements the EIR Programme?
A) Ministry of Agriculture
B) Department of Science and Technology
C) Ministry of Education
D) Ministry of Finance
Correct Answer: B
Question 4: For how long can participants avail of the financial support?
A) 6 months
B) 12 months
C) 18 months
D) 24 months
Correct Answer: B
Question 5: What kind of support does the EIR Programme include?
A) Only financial support
B) Mentoring and technical guidance
C) Networking opportunities only
D) Office space only
Correct Answer: B
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