KIIT-TBI Ecosystem with the support of

MeitY STARTUP HUB,

MINISTRY OF ELECTRONICS & INFORMATION TECHNOLOGY, GoI

MeitY TIDE 2.0 EIR

Technology Incubation and Development of Entrepreneurs Program
Entrepreneurship In Residence (EIR)

Upto INR 4 Lakhs Fellowship for 12 Months

ABOUT: MeitY TIDE 2.0 EIR

The MeitY Startup Hub, MeitY, GoI has introduced the Technology Incubation and Development of Entrepreneurs (TIDE) 2.0. Entrepreneur-in-Residence (EIR) program specifically targets individuals and startups in the early stages of development, guiding them from conceptualization to prototype creation. Through this program, MeitY seeks to stimulate innovation and enable the development of advanced solutions addressing significant societal challenges.

OBJECTIVES: MeitY TIDE 2.0 EIR

To promote tech entrepreneurship through financial and technical support to incubators engaged in supporting ICT startups using emerging technologies such as IoT, AI, Block-chain, Robotics etc. in preidentified areas of societal relevance.
The Scheme will be implemented through empowering 51 incubators across India and handholding close to 2000 tech start-ups over a period of 5 years.
The scheme envisions creating a holistic ecosystem to support technology startups and incubation centers through identifying and creating necessary linkages.

FUNDING: MeitY TIDE 2.0 EIR

Prototype Development Grant Upto INR 4 Lakhs

DURATION: MeitY TIDE 2.0 EIR

12 months

ELIGIBILITY: MeitY TIDE 2.0 EIR

The EIR applicant should be a citizen of India. An Indian citizen is defined as one who is in possession of a government approved proof of nationality such as a valid passport, voter’s id etc.
The EIR applicant should have completed:

  • Minimum 4 years of formal full time undergraduate/postgraduate education towards one or more-degree program. Basic degree or diploma should be in science or engineering.
  • 3 years degree or diploma program and have 2-year full time work experience post degree or diploma. Basic degree or diploma should be in science or engineering.

IMPACT: MeitY TIDE 2.0 EIR

THEMATIC AREA: MeitY TIDE 2.0 EIR

healthcare sjkjsa

Healthcare

chip (1)

Agri Tech

online-learning (1)

EduTech

fintech (2)

FinTech

internet-of-things (2)

IoT

microchip (3)

AI/ML

blockchain (1)

Blockchain

ai (1)

Robotics

renewable-energy (2)

Environment & Clean Tech

innovation (1)

Other Emerging Technology

TIMELINE: MeitY TIDE 2.0 EIR

Call Opens

Generally, for a window of 1 month

Shortlisting

Declaring the Shortlisted Candidates.

Selection

Presentation to Selection Committee.

Result

Final List of Candidates Selected.

MeitY TIDE 2.0 EIR PROGRAM BENEFITS

Upto INR 4 Lakhs for 12 months

Tailored mentoring in areas like IP, Legal, Regulatory, Business Development.

Opportunity to pitch for follow-on funding under other KIIT-TBI's programs.

Access the digital fabrication lab to turn your ideas into prototypes.
Know more...

Specific functional and domain knowledge sessions to build better.

Access the digital fabrication lab to turn your ideas into prototypes.

MeitY TIDE 2.0 EIR: FELLOWS

FAQs: MeitY TIDE 2.0 EIR

  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.