New Generation Innovation Network
in Tripura
Last updated:
New Generation Innovation Network in Tripura
New Generation Innovation Network is a government scheme available to eligible residents of Tripura.
Apply for New Generation Innovation Network in Tripura
Scheme Overview
The scheme aims to create an ecosystem that promotes innovation in educational institutions. Through this scheme, financial assistance is provided to host institutes and student teams for running incubators and for student projects.
Eligibility Criteria
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:
Minimum 1000 sq. ft. carpet area in a location that is appropriate to host an incubation centre on a college/ institution campus.
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).
Workspaces to accommodate up to 5 start projects/teams/start-ups simultaneously.
Well-furnished incubation room with furniture, AC, and interior decoration.
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:**
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.
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.
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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.
Required Documents
| # | Document |
|---|---|
| 1 | Details of the Principal of the Institute |
| 2 | List/Details of Management Committee Members of the institute |
| 3 | Documents in support of Infrastructure details |
| 4 | List/Details of Faculty |
| 5 | List/details of Research Activities in the institute |
| 6 | Any other document, as required |
Common questions in Tripura
Who can apply for New Generation Innovation Network in Tripura?
Eligible residents of Tripura who meet the scheme’s overall criteria can apply for New Generation Innovation Network. Refer to the eligibility section above for the complete checklist.
What documents are required for New Generation Innovation Network in Tripura?
Applicants in Tripura typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
The New Generation Innovation Network (NGIN) is a scheme for students of different institutions in Tripura. It aims to create an ecosystem that promotes innovation in educational institutions, encouraging students, research scholars, and alumni to share ideas to solve local problems. <br>