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Next Generation Incubation Services

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    Science & Technology
  • Published
    1st Sep, 2020
  • Next Generation Incubation Services (NGIS) initiative has been brought by the Software Technology Parks of India (STPI).
  • The aim is to develop and build an ecosystem for start-ups in tier-2 locations in partnership with the Ministry of Electronics and IT.
  • NGIS program is created and aligned with the vision of National Policy on Software Products (NPSP 2019) and it will create a robust ecosystem for software product development in the country.
  • It will be implemented in 12 STPI centres across the country over a period of 3 years.
  • The local start-up ecosystem will be nurtured and supported.
  • As part of NGIS, quarterly challenge programmes will be conducted in association with industry partners and central government departments that can provide mentorship as well as funding support.
  • MeitY has approved Rs 60 crore to be spent in three years for the 12 locations to nurture about 300 start-ups and all the state governments too have been extending matching grants.
  • STPI also announced the launch of ‘CHUNAUTI’ - Challenge Hunt under NGIS for Advanced Uninhibited Technology Intervention.

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