Entrepreneur in Residence (EIR) Program at IITM Pravartak — Frequently Asked Questions
Answers to the questions founders most often ask about Entrepreneur in Residence (EIR) Program at IITM Pravartak — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
Do I need a registered company to apply?
No, a registered company is not necessary. The EIR program specifically supports individuals who are in the pre-incorporation phase, helping them develop an idea into a prototype before formally establishing a business entity.
How much funding do I get?
You will receive a monthly stipend of up to ₹35,000 for a maximum duration of 12 months, leading to a total of ₹4.2 lakh. This funding is disbursed monthly, contingent on satisfactory progress as reviewed by IITM Pravartak's Technical Review Committee.
What sectors does IITM Pravartak fund under EIR?
IITM Pravartak focuses on proposals within the foundational components of Cyber-Physical Systems (CPS), specifically Sensors, Networking, Actuators, and Control Systems.
Who owns the IP I create during the EIR period?
Intellectual Property (IP), including patents and technological concepts developed during the EIR program, will be jointly owned by IITM Pravartak and the inventor. Pravartak will cover the patent filing costs. If you later form a startup, Pravartak will license the IP back to your company, typically with a royalty agreement. An exclusive license option can be discussed based on mutually agreed terms, which is a key aspect distinguishing this from typical grants.
What happens after the EIR year ends?
After successfully developing your prototype, you become eligible to apply for further funding through IITM Pravartak's PRAYAS or Seed Support System (SSS) schemes, designed to help bring your product to market.
Is there a preference for any particular type of applicant?
Yes, applicants who have won Hackathons or Grand Challenge Competitions will receive preferential consideration during the selection process.
What is the application deadline for Entrepreneur in Residence (EIR) Program at IITM Pravartak?
Entrepreneur in Residence (EIR) Program at IITM Pravartak runs on a rolling basis with no fixed deadline — applications are accepted on an ongoing basis. Check the official site to confirm the window is currently open.
Does Entrepreneur in Residence (EIR) Program at IITM Pravartak take equity?
No. Entrepreneur in Residence (EIR) Program at IITM Pravartak is grant and is non-dilutive — the provider does not take an equity stake in your startup.
Is DPIIT recognition required for Entrepreneur in Residence (EIR) Program at IITM Pravartak?
No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for Entrepreneur in Residence (EIR) Program at IITM Pravartak, though having it can strengthen your application and unlock other benefits.
Who is eligible to apply for Entrepreneur in Residence (EIR) Program at IITM Pravartak?
Entrepreneur in Residence (EIR) Program at IITM Pravartak is open to startups at the idea stage working in deeptech electronics robotics. It is open to startups registered anywhere in India. Applicants should be registered as individual.
Who offers Entrepreneur in Residence (EIR) Program at IITM Pravartak?
Entrepreneur in Residence (EIR) Program at IITM Pravartak is offered by IITM Pravartak Technologies Foundation, an academic institution. It is provided as non-dilutive funding.
How do I apply for Entrepreneur in Residence (EIR) Program at IITM Pravartak?
Applications go through 6 stages, starting with Account signup + application form. Apply through the official application link on this page.
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