SBB480

NewGen Innovation and Entrepreneurship Development Centre

The NewGen Innovation and Entrepreneurship Development Centre supports startups by providing funding of up to Rs. 25 lakhs and recurring expenditures of up to Rs. 10 lakhs for five operational years. Eligible institutions include universities or premier colleges with trained faculty and dedicated space for the initiative.

Central

States / UT: All India

Ministry / nodal: Ministry of Science & Technology

Scheme for: Startups

Scheme profile

DBT (direct benefit transfer): No

Target beneficiaries: Startups

Tags: startups, Science and Technology

Details

Brief

New Generation Innovation and Entrepreneurship Development Centre (NewGen IEDC) is the program launched by the National Science and Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology (DST), Government of India, and implemented by EDII, Ahmedabad. NewGen IEDC aims to inculcate the spirit of innovation and entrepreneurship amongst the young S&T students and encourage and support start-up creation through guidance, mentorship & support. NewGen IEDCs would be established in academic institutions where students will be encouraged to take up innovative projects with the possibility of commercialization.

Eligibility

  • The institution should be a University/Deemed University or a premier Institute/College offering Engineering, Technology, Science courses at the degree level or above for at least 5 years.
  • The institution must have at least two faculty members trained in Entrepreneurship through DST sponsored Faculty Development Programme and should have a minimum dedicated space of about 5000 square feet for housing the NewGen IEDC.

Benefits

  • - Upto Rs. 25 Lakhs and recurring expenditure (Project Development Cost, Travel, Training and Contingencies, etc.) of up to Rs. 10 lakhs for five full operational years is provided
  • Upto Rs. 25 Lakhs and recurring expenditure (Project Development Cost, Travel, Training and Contingencies, etc.) of up to Rs. 10 lakhs for five full operational years is provided.

Eligibility

  • The institution should be a University/Deemed University or a premier Institute/College offering Engineering, Technology, Science courses at the degree level or above for at least 5 years.
  • The institution must have at least two faculty members trained in Entrepreneurship through DST sponsored Faculty Development Programme and should have a minimum dedicated space of about 5000 square feet for housing the NewGen IEDC.

Application Process

Online / portal

Official application / information link: https://www.indiascienceandtechnology.gov.in/funding-opportunities/startups/newgen-innovation-and-entrepreneurship-development-centre-newgen-iedc

Source listing: https://www.startupindia.gov.in/content/sih/en/government-schemes.html

References

Apply

Apply now

Opens the official application or programme portal in a new tab. If in doubt, confirm details on the ministry site.

Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status