TIDE 2.0

A Startup Funding Programme of MeitY

TIDE 2.0 CALL IS NOW CLOSED

Apply for EiR or Grant Opportunities
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TIDE

About MeitY

To promote e-Governance for empowering citizens, promoting the inclusive and sustainable growth of the Electronics, IT & ITeS industries, enhancing India’s role in Internet Governance, adopting a multipronged approach that includes development of human resources, promoting R&D and innovation, enhancing efficiency through digital services and ensuring a secure cyber space.

About TIDE 2.0

Technology Incubation and Development of Entrepreneurship (TIDE 2.0) is a scheme for strengthening close to 2000 Technology Startups in selected areas of national concern by leveraging emerging technologies and empowering. The seven areas of national concern have been identified as Healthcare, Education, Agriculture, Financial inclusion including digital payments, Infrastructure and transportation, Environment and cleantech, clean energy, and other emerging areas. Financial support in the form of Entrepreneur-in-Residence (EIR), Grants and Investments are to be provided to startups.

Objective


  • Fostering and evangelizing a vibrant entrepreneurship ecosystem that inspires budding entrepreneurs as well as support existing ones
  • Creating entrepreneurship models of both financial as well as social value.
  • Providing holistic incubation support including co-working space, mentoring, and networking for startups.
  • Providing financial & technical support to transform innovative idea to prototype.
  • Providing financial support to startups to facilitate IPR filings.
  • Providing robust Corporate-Startup Business connect platform for startups.
  • Holistic mentorship programs - typically composed of startup executives, venture capitalists, industry experts, academia and other investors.
  • Year Round Engagement Programs- Low & Deep Engagement Programs, Challenge Grants, Hackathons, IPR Sensitization and an Annual Global Startup Event
  • Linkages to VC /Angel fund for Emerging Startups

INNOVATION ON INDUSTRY 4.0?

Area of focus

Digital Health

Digital Health

Precision Agritech

Precision Agritech

Financial transaction security

Financial transaction security

Clean & Green Environment

Clean & Green Environment

Clean Energy Solutions

Clean Energy Solutions

Advanced Communication Technology

Advanced Communication Technology

TIDE 2.0 EIR:

The main objective of the program is to nurture the students & startups innovation by validation and development of their idea. The program provides a support platform for the aspiring entrepreneurs to develop their innovation through a technology enabling environment having access to a fellowship grant of 4 lakhs, networks, mentors and other fellow entrepreneurs.

Program Timeline: 12 Months

Eligibility Criteria & preferences:

  1. The applicant must have completed the basic graduation in Basic Sciences/ Engineering/ Biotechnology/ Medicine/ Law etc. as on the date of accepting EIR.
  2. The applicant should be citizen of India with possession of a government approved proof of nationality such as a valid passport, voter’s id etc.
  3. The innovator must be under the age of 35.
  4. TIDE 2.0 EIR support recipient should not treat this support as a stop gap arrangement to support them in their academic pursuits or transition between jobs.
  5. The applicant must be has to register his/her own company within 3 months of the acceptance of EIR.
  6. Preferences will be given to Woman entrepreneurs.
  7. Preferences will be given to idea with a granted/published patent or atleast a provisional patent applied.
  8. Preferences will be given for a well-structured dedicated team working towards the innovation.

TIDE 2.0 GRANT

The program mainly targets a valid PoC to be transformed to prototype or a Minimum Viable Product (MVP) by providing ample opportunities and support in terms of product development assistance, access to technical experts and mentoring. Thus the program provides facility for the development of PoC/ready product thus bridging the gap between idea and prototype funding.

Program Timeline: 12 months (May be extended to 18 months in special cases with approval from the committee)

Eligibility Criteria & preferences:

  1. The applicant must have completed the basic graduation in Basic Sciences/ Engineering/ Biotechnology/ Medicine/ Law etc. as on the date of accepting EIR.
  2. The applicant should be citizen of India with possession of a government approved proof of nationality such as a valid passport, voter’s id etc.
  3. The innovator must be under the age of 35.
  4. The applicant may be individual innovator or a nascent startup (less than 2 years old as on the date of application)
  5. The applicant (if not a startup) must be willing to incorporate a company within 3 months of the acceptance of TIDE 2.0 Grant.
  6. TIDE 2.0 Grant support recipient should not treat this support as a stop gap arrangement to support them in their academic pursuits or transition between jobs.
  7. Preferences will be given to Woman entrepreneurs.
  8. Preferences will be given to idea with a granted/published patent or atleast a provisional patent applied.
  9. Preferences will be given for a well-structured dedicated team working towards the innovation.

Application & Selection Flow Chart

  1. Call open for Application

  2. Call for Application closed

  3. Initial filtration based on criteria

  4. Online Preliminary Screening

  5. Onsight Final Pitching to the Committee

  6. Final Selection

Evaluation Parameter and Preferences

  • Uniqueness (How the idea is different from the existing solutions in the market?)
  • Impact (How the problem and solution you are addressing is relevant to society?)
  • Proof of Concept (Does it has a PoC to develop a prototype?)
  • Time Frame (Can the project be completed in the given time frame?)
  • Sustainability (Is the innovation sustainable technically as well as in the market for a longer period of time?)