Central GovernmentVerified

New Generation Innovation Network

The scheme aims to create an ecosystem that promotes innovation in educational institutions. Through this scheme, financial assistance is provided to host institutes and student teams for running incubators and for student projects.

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About This Scheme

The scheme "New Generation Innovation Network (NGIN)" has been launched by the Directorate of Information Technology, Government of Tripura, aims to create an ecosystem that promotes innovation in educational institutions, encouraging students, research scholars, and alumni to share ideas to solve local problems. Through this scheme, financial assistance for running incubators and for student projects is provided to the host educational institutes and student teams. The scheme is implemented by the Directorate of Information Technology in collaboration with host institutes. > Objective of the Scheme: - The main objective of the scheme is to create an ecosystem that promotes innovation in educational institutions and also to encourage students, research scholars, and alumni to share their ideas to solve chosen. - Innovation centre shall provide an ecosystem to convert the ideas into proof of concept and upgrade them to a level of commercial value. - After successful incubation, encourage and lead the teams towards setting up a business enterprise. > Duration of the Scheme: The duration of the scheme will be the same as the duration of the Tripura IT/ITeS Start-up Scheme (3 years). After that, the institute will explore other sources of funding.

Benefits

₹10.0 L · one-time

1. The host institute will be provided a one-time grant of ₹10 lakhs to set up the required infrastructure for the implementation of the scheme and also provide the following expenses:

> Operational Expenses:

₹5.0 L · annual

Each Educational Institute will get funding of ₹5 Lakhs per year to be used towards operating expenditure for maintenance.

₹5.0 L · annual

Operational Expenses Grant of ₹5 lakhs per annum (released in phases of ₹2.5 lakhs at a time) shall be operated like a revolving fund i.e. upon submission of audited utilization the next installment could be claimed

> Project Fund:

₹1.0 L

Each Project/team will get a maximum funding of ₹1.00 lakh and the college will take up a maximum of 5 projects in a year. Each project/idea selected by the host institute shall have to be approved by the State Level Committee.

Required Documents

  • Details of the Principal of the Institute
  • List/Details of Management Committee Members of the institute
  • Documents in support of Infrastructure details
  • List/Details of Faculty
  • List/details of Research Activities in the institute
  • Any other document, as required

✦ Required ◦ Optional

How to Apply

IIn-person

Quick Info

Level
Central Government
Max benefit
₹10.0 L