The NewGen IEDC grant comprises of two parts, Non-recurring grant (as one time establishment cost), and Recurring grant

Non-Recurring grant (as one time establishment cost)

Non-recurring grant would be admissible to NewGen IEDC towards furnishing of cubicles for start-ups, purchase of PC with printers, UPS, library books, journals, laptop, multimedia projector, office communication equipment and others like 3D printer, prototype equipment and software and shared equipment.

Recurring grant

Recurring grant details are included in the following table. Funding is indicative and may vary from case to case.

Prototype development grant of Rs. 2,50,000/- per project cover the following.

• Rs. 25,000/- (maximum) to the mentors for providing guidance to the project team

• Rs. 25,000/- (maximum) per student team as stipend

• Rs. 2,00,000/- towards cost of raw material, external vendor cost etc. Any additional expenditure will be borne by the student team

Recurring expenditure includes honorarium to coordinators, travel expenses for advisory board meeting, review meeting, contingencies, miscellaneous expenditure etc.

NewGen IEDC application form (only for IIT Guwahati): Download

Project selection guidelines: Download