| Chunauti |
| Organization | Software Technology Parks of India |
| Source of funding | Government |
| Scheme | Chunauti |
| Type of funding | Equity |
| Funding Amount | 2500000 |
| Description | Up to Rs. 25 Lakh of Seed Funding for promising Start-ups |
| Range of funding | Rs 10 to Rs 25 lakh |
| Target investees | Individuals, startups, enterpreneurs |
| Note | A seed funding (Equity/ Equity based Instrument) of up to Rs. 25.00 Lakhs will be provided through Financial Institution to each beneficiary/supported Start-ups selected through CHUNAUTI contest under NGIS based on innovative idea, novel solutions, strong team and sound business proposal.
Start-ups who are in ideation stage may be selected under pre-incubation program & mentored for up to six months to evolve their business plan & solution around the proposed idea. Each intern (start-up under pre-incubation) will be paid Rs. 10,000 / – per month for a period of 6 month |
| Purpose | NGIS is a futuristic Incubation Scheme which offers comprehensive support & services to technology start-ups from various STPI incubation facilities pan-India under one common umbrella.
NGIS has been formulated as a futuristic incubation scheme to identify and support Start-ups/ Innovators working towards solutions/outstanding software products for futuristic problems/emerging ICT technology/societal problem statement with effective solutions. It is pertinent to mention that, NGIS will be instrumental in achieving the vision of NPSP (National Policy on Software Product)-2019, which is to make the country a global player in development, production and supply of Innovative, Efficient and Secure Software Products. |
| Focus area | IT/ITES/Communications |
| Provides Funds For | A, B, C, D, E, |
| Scheme Type | Ongoing scheme |
| Recommended scheme | |
| Scheme status | |
| More detail.. | Link |
