Call for NewGenIEDC 2018 Funding


Call for NewGenIEDC 2018 Funding

Dr. MGR Educational and Research Institute is happy to announce the 2nd Round of Call for Project under the Dr. MGR NewGen IEDC fund. This is a prestigious grant from NSTEDB, Dept of Science and Technology, Govt. of India located at the Dr. APJ Abdul Kalam Center of Excellence in Innovation and Entrepreneurship, Adayalampattu West Campus. A student start-up Center has been established under this grant. The Center has equipment and facilities for prototyping and testing student projects. The Center has mentors who are involved in Industry oriented research.

In the first round of Call for Ideas, 10 projects from students of Dr. MGR Educational and Research Institute were funded and prototypes were made. These were displayed to external experts on 2nd Aug 2018 at the Maduravoyal campus. We are delighted to share with you that two of the projects lead by Mr. L. Madheswaran (Dept. of Electronics and Electrical Engineering) and Mr. Mithil Solanki, Pavan Kalyan and Mr. Pankaj Jangid (Faculty of Architecture) have been selected for funding under the Start-up Nidhi from the Govt. of India, for a grant of Rs. 10,00,000 each.

Scope of the 2018 Call

Ideas or early stage technology based start-ups that require mentoring for preparing a Business Plan, initial experimentation and building a prototype will be chosen for funding under this call. At the end of the pre-incubation, the incubatee will have a Business Plan and can make an elevator pitch to prospective investors. Grant upto Rs. 2,00,000/- can be used towards creating the prototype and for cost of testing, marketing, patenting etc. Further students can apply to Startup Nidhi which will give a funding of Rs. 10 lakhs. A total of 20 projects will be selected for funding this year.

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