Next Generation Incubation Scheme
HOW CAN NGIS HELP YOUR START-UP GET UP-STARTED
Infrastructure Facility
- Ready-to-Work Plug & Play space.
- Dedicated Product Testing Facility
- High Speed Internet Access.
- Round the clock security.
Mentorship
- Regular Mentorship, Workshop, Seminars, Trainings
- Mentorship – Technical Mentoring, Business Mentoring Workshops Seminars Trainings – for continuous capacity building and skill enhancement
- Guidance & Handholding during entire product development lifecycle Transforming the start-ups from idea level to Prototype level, Prototype level to MVP (Minimum Viable Product) level, MVP level to GTM level and graduating the start-ups into full-fledged company status.
- Need-based mentoring sessions on legal, compliance, branding, cyber security, tech etc.
Monitoring
- Continuous monitoring and guidance to start-ups through dedicated managers and professionals.
- Progress/performance review of start-ups periodically for necessary action.
Funding and Investment
- Up to Rs. 25 Lakh of Seed/Risk Funding for promising Start-ups.
- Internship Grant to selected startups.
Additional Services
- STPI has signed MoU with M/s NRDC (National Research and Development Corporation) for filing Intellectual Property Rights such as Patenting (Drafting & Filing), Trademark, Copyright and any other IPR related support/legal/statutory support.
Software Product Security & Testing Facility
- Full fledged security & vulnerability testing facility for software product security testing
WHO CAN APPLY
Eligibility Criteria for CHUNAUTI
- The challenge invites the proposals/applications from Indian Start-ups who are working in domain related to software product development.
- Startups registered with DPIIT under start-up India programme are encouraged to participate in this programme. The definition of Startups prescribed by DPIIT is reproduced below and subjected to change from time to time.
- Individual Academicians, Researchers, Educators, Entrepreneurs, partnership firms, LLPs may also participate, however, if they are selected then they will have to register as private limited company in a stipulated time (preferably within 3 months).
Company Registration
The start-up must be registered/incorporated within last 10 years as on date of opening of challenge.
Annual Turnover
Start-up should have an annual turnover not exceeding Rs. 100 crore for any of the financial years since its incorporation.
Original Entity
Entity should not have been formed by splitting up or reconstructing an already existing business.
Innovative & Scalable
Entity working towards innovation, development or improvement of products, processes or services or if it is a scalable business model with high potential of employment generation or wealth creation.
Terms & Conditions
- Start-ups have to operate from designated Incubation facility at specified location/s.
- Each start-up will be offered 5 to 10 seats as decided by designated authority.
- The start-ups may have to offer equity to STPI as decided by designated authority.
- The start-up has to pay designated charges for availing NGIS services.
