STPI urges students to use NGIS scheme to launch start-ups

Software Technology Parks of India (STPI)–Visakhapatnam Additional Director Suresh Batha on Saturday encouraged young entrepreneurs and engineering students to start their own ventures with support from STPI’s Next Generation Incubation Scheme (NGIS). The scheme offers incubation, mentoring and seed funding for technology-based start-ups.

Mr. Batha was the chief guest at the Industry-Connect 2026 seminar held at Avanthi Engineering College in Cherukupalli, Vizianagaram district. Avanthi Group Chairman Muttamsetti Srinivasa Rao also attended the event. The seminar brought together industry experts, faculty and students to discuss career opportunities and new trends in the technology sector.

Mr. Batha said STPI, set up in 1991, has played an important role in the growth of India’s software and hardware industries. He explained that STPI supports IT and electronics companies by providing infrastructure, policy guidance and incubation facilities. He added that the organisation focuses on promoting innovation and entrepreneurship among young professionals.

Speaking about NGIS, he said the scheme helps early-stage start-ups develop their ideas into products. It provides technical support, business guidance, market access and financial assistance. He noted that more than two lakh start-ups across the country have received support through various STPI initiatives.

Mr. Batha advised students to look beyond regular jobs and explore opportunities in fast-growing fields such as blockchain, artificial intelligence, machine learning, robotics and cyber security, where demand for new solutions is increasing.

Infosys Development Centre Head (Visakhapatnam) Suresh Narra, Aptroid Consulting Pvt. Ltd. Senior Manager Soumya Reddy, Perspect AI representative Jignesh Talasila and other industry experts interacted with students and shared their views on industry needs and career growth.