faq

1. You are working full time on developing the solution and have the required expertise or relevant experience or knowhow for the same.
2. Your solution can address any of the problem statements mentioned for this Challenge grant.
3. Your solution is addressing a real or existing market demand or requirement.
4. Your solution is at either of these stages: Prototype Development/ Minimum Viable Product/ Pilot / Product Development.
5. Your final solution once developed has the potential to be quickly commercialised and scaled.

For EIR

• The applicant must have completed the basic graduation in Basic Sciences/ Engineering/ Biotechnology/ Medicine/ Law etc. as on the date of accepting EIR.
• 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.
• The innovator must be under the age of 35.
• 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.
• The applicant must be has to register his/her own company within 3 months of the acceptance of EIR.
• TIDE-EIR the support is a first-generation innovative entrepreneur, who has no prior source of income. TIDE-EIR support recipient should not treat this support as a stop gap arrangement to support them in their academic pursuits or transition between jobs.
• TIDE-EIR seeking the support should demonstrate his ability to build a scalable technology business startup. The background of the TIDE-EIR needs to be provided in a prescribed format.
• The TIDE-EIR support recipient should propose one technology business idea in a prescribed format.
• TIDE-EIR support recipient are expected to pursue their entrepreneurial aspirations full time. TIDE-EIR cannot be concurrent with any other remuneration or fellowship.
• TIDE-EIR support recipient cannot be the promoter or significant (>10%) share holder / beneficiary of another company at the time of applying for and receiving the grant approval.
• The TIDE-EIR should be registered for the pre-incubation or incubation program at the TBI for the entire duration of TIDE-EIR support.
• Entrepreneurs pursuing business ideas with no or marginal technology innovation or those with very short journey (i.e less than 6 months) to commercialization are discouraged to apply.
• TIDE-EIR seeking support should have a formal business plan for the idea they intend to pursue and a business presentation including the investment proposal.
• The TIDE EIR seeking support must be has to register his/her own company within 3 months of the acceptance of EIR/Grant.

Yes.

1. Preferences will be given to Woman entrepreneurs.
2. Preferences will be given to idea with a granted/published patent or atleast a provisional patent applied.
3. Preferences will be given for a well-structured dedicated team working towards the innovation.