Next Generation Incubation Scheme (NGIS)
A programme by NERVE CoE, Nagpur
NGIS is a futuristic & comprehensive incubation scheme entrusted by MeitY to STPI for implementation, with a budgetary outlay of Rs. 95.03 Crores over a period of 3 years, targeting to incentivize 300 select start-ups with seed-fund of upto 25 Lakh.
About Next Generation Incubation Scheme (NGIS)
The scheme promotes and supports innovative start-ups working towards software product development (including embedded electronics) from 12 Tier-II locations across India. Offerings encompass Physical Incentives (Ready to work P&P incubation, access to Software Product Security Testing facility, and additional STPI CoE facilities), Soft Support (Mentoring, access to VCs, Networking/Industry connect, Go-to market support, and Advisory Services in HR, Legal, Accounting, IPR/Patenting), and Financial Incentives (Cloud Credits). It also includes a pre-incubation programme for ideation stage startups mentored for up-to six months, with a stipend of Rs. 10,000/- per month for 6 months, and seed funding of up to Rs. 25.00 Lakhs based on innovativeness, novelty of solutions, team strength, and business proposal.