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 and implemented by EDII, Ahmedabad. NewGen IEDC aims to inculcate the spirit of innovation and entrepreneurship amongst the young S&T students, 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 possibility of commercialization.
Eligibility: The institution should be a University/Deemed University or a premier Institute/College offering Engineering, Technology, Science courses at 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 minimum dedicated space of about 5000 square feet for housing the NewGen IEDC
Funding Grant: Financial assistance to the selected institutions for establishment of NewGen IEDC, towards its non-recurring (as one time establishment cost) of 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 would be provided.