NEW GENERATION INNOVATION AND ENTREPRENEURSHIP DEVELOPMENT CENTRE
Marwadi University - NewGen IEDC
New Generation Innovation and Entrepreneurship Development Centre (NewGen IEDC) is the programme launched by National Science and Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology (DST), Government of India. NewGen IEDC will aim to inculcate the spirit of innovation and entrepreneurship amongst the young S&T students, encourage and support start-up creation through guidance, mentorship and support. The programme will be implemented in academic institutions. Students will be encouraged to take up innovative projects with possibility of commercialization.
Objectives of NewGen IEDC
- To channelize the knowledge and the energy of youth towards becoming active partners in the economic development process.
- To catalyze and promote the development of knowledge-based and innovation-driven enterprises and promote employment opportunities amongst youth, especially students.
- To inculcate a culture of innovation driven entrepreneurship.
- To act as an institutional mechanism for providing various services including information on all aspects of enterprise building to budding S&T entrepreneurs..
NewGen IEDCs will be coordinated by Entrepreneurship Development Institute of India (EDII), Ahmedabad on behalf of NSTEDB, DST and implemented by the Marwadi University.
The Prototype Development Grant of Rs. 2, 50, 000/- per project, would cover the following expenditure
- A maximum amount of Rs 25,000/- to the mentor for providing guidance to the project team
- A maximum amount Rs 25,000/- per student group as a stipend
- Rs 2, 00,000/- for the cost of raw material, prototype development cost, external vendor/consultant cost
In case the expenditure on item no (3) is more than the stipulated amount of Rs 2, 00,000/- the additional expenditure will be borne by the student team/college/institute.
The above funding is just indicative and may vary from case to case.
- Applicable to only Students
- Have an innovative idea and possibility of commercialization
- Submission of Project Details