New Generation Innovation Network
Category: Transport & Infrastructure
Level: State | State: Tripura

Details:
The scheme &quot;New Generation Innovation Network (NGIN)&quot; 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:
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:
Each Educational Institute will get funding of ₹5 Lakhs per year to be used towards operating expenditure for maintenance.
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:
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.

Eligibility Criteria:
1. The applicant must be a technical institute, polytechnic institute, or a government general degree college in Tripura.

**The host institute will be selected based on its infrastructure, quality of faculty, and excellence in education by a state-level committee.**
> **Infrastructure:** The following minimum specified infrastructure to be made available in the Educational institutions:


   1. Minimum 1000 sq. ft. carpet area in a location that is appropriate to host an incubation centre on a college/ institution campus.
   1. 10 computers with the latest configuration. (Minimum configurations Core i5 / i7; 5th Gen; 1Tb hard disk, 4GB / 6GB Ram, 3GHz. Monitor at least 21 inches).
   1. Workspaces to accommodate up to 5 start projects/teams/start-ups simultaneously.
   1. Well-furnished incubation room with furniture, AC, and interior decoration.
   1. Independent high-speed dedicated internet connection, uninterrupted power backup and Projection facility, Discussion, and meeting room to be made available on the college/institution campus.

> **Manpower:**

1.	One dedicated manpower will need to be appointed as a Start-up coordinator with the following qualifications.
**Minimum Qualification:** Technical/Management graduate with at least 5 years of working experience in the industry in sales/Marketing.
2.	Selection of a minimum of two mentors in specific areas of technology/specialization from the Faculty of the Host institute.
**Note:** The Host Institution should open a separate bank account in any nationalised bank to receive grants.