TIDE 2.0


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IIM Visakhapatnam Incubation Centre in collaboration with Ministry of Electronics and Information Technology (MeitY) has set up a TIDE Incubation Centre under TIDE 2.0 Scheme.

Objective:

  • The objective of this scheme is to promote tech entrepreneurship by providing financial and technical support to promising ideas..
  • The selected ideas will be incubated at the Incubation center of IIM Visakhapatnam.

The startups which are at ideation or prototype stage preferably be using electronics & IT technologies such as IoT, AI/ML, Blockchain, Robotics and work in any of the following focus areas can apply :

  • Agriculture
  • Clean Energy
  • Education
  • Environment and Clean Technology
  • Financial Inclusion including digital  payments
  • Healthcare
  • Infrastructure and Transportation
  • Other emerging areas#

# Fintech, Electric Mobility, Skill Development and Women Safety and Women & Children Nutrition

Support Provided to selected  ventures :

  • Regular review & mentoring by IIMV faculty, alumni and industry experts
  • Generous financial support for ventures – both at ideation and prototype stage
  • Dedicated workstation with office infrastructure & shared services support
  • Opportunity to be part of capacity building, networking and fund-raising events/workshops @ IIMV
  • Access to IIMV’s knowledge resources
  • Media coverage

Applications are invited for:

Enterpreneur -in- Resident (For Startups at ideation stage)
            Incubation with Grants (For Startups at the prototype stage)

Basic Eligibility:

  • The Applicant should be citizen of India.
  • The idea should fall within the listed focus areas
  •  Pre-final and final year students can also apply.
  • The Applicant should be committed to exploring a business idea.
  • The Applicant shouldn't be employed at the commencement of Incubation and during the incubation period.
  • The Applicant shouldn’t have another source of direct income.
  • The Applicant should not be the founder/ promoter of another existing company/venture/start-up.
  • If the Applicant choses to benefit from funding or investments from any other source/scheme (other than the TIDE 2.0) during the incubation period, the grant support shall be considered discontinued from that day onwards and the concerned entrepreneur/venture would be considered to have successfully graduated from the program.

Preferences will be given for the following:

  • Women entrepreneurs
  • Student Entrepreneurs
  • Ideas that can result in addressing social issues
  • Ideas that can result in better jobs creation

Financial Support:

  • 2 EiR fellowships of ₹ 4 Lakh per start-up for one year may be provided to any applicant having an idea, who then start working for validation and development of an idea.
 
           

Basic Eligibility:

  • The Applicant should be citizen of India.
  • Final year students can also apply.
  • The start-up should have a definite proof of concept which are to be further developed into Minimum Viable Products (MVP), or have a MVP which needs further support for commercialization.
  • If Applicant choses to benefit from funding or investments from any other source/scheme (other than the TIDE 2.0) during the incubation period, the grant support shall be considered discontinued from that day onwards and the concerned entrepreneur/venture would be considered to have successfully graduated from the program.

Preferences will be given for the following:

  • Women entrepreneurs
  • Student Entrepreneurs
  • Prototypes that can result in addressing social issues
  • Prototypes that can result in better jobs creation
  • Prototypes that are novel and can be commercialised
  • Ventures that are registered entities

Financial Support:

  • 2 Grant of ₹ 7 Lakh per start-up for one year may be provided.
 

                               Revised  Timeline*#

 Application Closes

April 28, 2020

May 18, 2020  ( 16:00 hours)
Announcement of Shortlisted Ideas for Final Stage May 05, 2020

 

            July 09, 2020

 

  Idea Presentation

at IIMV

May 14 - May 16, 2020              July 11, 2020
Announcement of Final Selection

May 20, 2020

             July 27,2020
 Incubation Begins  June 01, 2020 To Be Announced Soon

        * In view of the current situation and to mitigate the difficulties faced by the applicants , it has been decided to revise/extend the timeline for the application  and selection process of ideas for incubation under the TIDE 2.0  Scheme.

                                                                 # Dates are tentative 

                                     

 For any queries or  more information, 

Write to:  This email address is being protected from spambots. You need JavaScript enabled to view it.

Phone Number: 08912824501

                             7993179328

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