STPI’s Next Generation Incubation Scheme to support 300 startups

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Bhubaneswar: Next Generation Incubation Scheme (NGIS), STPI’s comprehensive and futuristic incubation scheme aims to support as many as 300 Startups/entrepreneurs with Incubation, Finance/Seed funding, Mentorship support, said Dr. Omkar Rai, DG, STPI-Bhubaneswar.

Speaking at the outreach webinar on NGIS, he said that STPI enlightened on NGIS & stated that the both Soft & Hard features of NGIS & STPI COEs will be instrumental for building the country a Software Product Nation. He pointed that 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.

Manas Panda, Directed STPI thanked DG, STPI & Govt. of India for choosing Bhubaneswar for launching the NGIS and stated that Bhubaneswar will replicate its success of early 90’s when first STPI was established. He elaborated on various Strength & potential of Bhubaneswar & urged the Startups & Innovators to take part in the Next Generation Challenge massively & leverage the benefits of NGIS.

Subodh Sachan, Director Startup & Innovation Promotion & CEO, STPI Next Initiatives, New explained on NGIS &NextGen Startup Challenge Contest (CHUNAUTI), an online Challenge under NGIS is launched seeking products & solutions from Startups & Innovators to address the issues/challenges faced during and post pandemic situation.

Rajesh R Mishra, Chief Mentor, NGIS, Bhubaneswar while giving an overview of the global Tech scenario emphasized the need to connect to those centres and hubs of technology development. He pointed out niche areas in EduTech, Social media platforms where there is plenty of scope for research, innovation and product creation. He narrated instances, how the right mentoring inputs could make a sea of change to Product Development and Product Life Cycle.

It is pertinent to mention that, Government of India has formulated Next Generation Incubation Scheme (NGIS) under aegis of Ministry of Electronics & IT (MeitY) which is implemented by STPI. The vision of the NGIS to drive the rise of India as a Software Product Nation so as to make the country a global player in development, production and supply of Innovative, Efficient and Secure Software Products as envisioned in the National Policy on Software Products (NPSP) – 2019. NGIS is launched from Bhubaneswar along with other 12 locations of the country.

Around 400 Startups/IT Companies were participated in the Webinar who were encouraged to submit their innovative ideas from the focused technologies & can become a beneficiary of NGIS by participating in the ‘All India Start-up Challenges/Hackathons’ and be part of the building the Software Product Nation

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