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Reports name /title Funding scheme detail
Report was generated on 19 Apr 2024 (Date based on PCT time)
Report url http://funding.venturecenter.co.in/viewrecord.php?srn=BI20220606035746
Description & notes (A) - Technology Development Funds; (B) - Patent Protection Funds; (C) - Technology In-Licensing Funds; (D) - Technology Scale-up/ Validation / De-risking Funds; (E) - Market Entry Funds; (F) - Expansion Funds;
Chunauti
OrganizationSoftware Technology Parks of India
Source of fundingGovernment
SchemeChunauti
Type of fundingEquity
Funding Amount2500000
DescriptionUp to Rs. 25 Lakh of Seed Funding for promising Start-ups
Range of fundingRs 10 to Rs 25 lakh
Target investeesIndividuals, startups, enterpreneurs
NoteA 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
PurposeNGIS 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 areaIT/ITES/Communications
Provides Funds For A, B, C, D, E,
Scheme TypeOngoing scheme
Recommended scheme
Scheme status
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