New Generation Innovation and Entrepreneurship Development Centre (NewGen IEDC) is
the programme launched by National Science and Technology Entrepreneurship Development
Board (NSTEDB), Department of Science & Technology (DST), Government of India and
implemented by EDII, Ahmedabad.
NewGen IEDC aims to inculcate the spirit of innovation and entrepreneurship amongst the
young S&T students, encourage and support start-up creation through guidance, mentorship &
support. NewGen IEDCs would be established in academic institutions where students will be
encouraged to take up innovative projects with possibility of commercialization.
NewGen IEDCs would also spread the message of entrepreneurship and create a culture of
entrepreneurship in the Host Institution (HI). With faculty already trained in the nuances of
entrepreneurship, the presence of NewGen IEDCs in HI would create a vibrant entrepreneurial
culture amongst the students. Few amongst the “Job-Seekers” would be converted to “Job-
Generators” through the entrepreneurial route.
Objectives of NewGen IEDC
- To channelize the knowledge and energy of youth towards becoming active partners in
the economic development process.
- To catalyze and promote development of knowledge-based and innovation-driven
enterprises and promote employment opportunities amongst youth specially students.
To inculcate a culture of innovation driven entrepreneurship.
- To act as an institutional mechanism for providing various services including information
on all aspects of enterprise building to budding S&T entrepreneurs.
Salient features of NewGen IEDC:
It is a five-year programme to be implemented in an educational institution.
A maximum of twenty new projects per Institution would be supported in a year.
The projects should be students’ projects with a high degree of innovation and
commercial viability to lead to possible startup by students.
As far as possible, the projects should be multi-disciplinary in nature and to be executed
by teams consisting of students drawn from various levels.
Functions of NewGen IEDC
To motivate, support and mentor students for identification, development and
commercialization of their innovative ideas.
To initiate targeted number of innovative student projects each year for new product
To organize Business Plan Competitions/Innovation Camps/ Hackathons with active
involvement of industry and alumni.
To guide and assist prospective entrepreneurs on various aspects such as preparing
project reports, obtaining project approvals, loans and facilities from agencies of support
system, technologies information, etc.
To arrange interaction with entrepreneurs, bankers, professionals, potential customers and
create a mentorship scheme for student innovators
To facilitate creation of entrepreneur’s club / E-Cells in the college to foster culture of
entrepreneurship amongst students