TIDE 2.0 will promote tech entrepreneurship through financial and technical support to incubators engaged in supporting ICT startups primarily engaged in using emerging technologies such as IoT, AI, Block-chain, Robotics etc. in pre-identified areas of societal relevance.
The Scheme will be implemented through empowering 51 incubators in 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.
MeitY Startup Hub (MSH) would be setup under TIDE 2.0 to ensure synergistic linkages among the TIDE centres, theme based incubation centres, Centre of Excellences on emerging technologies and other collaborative platforms. The MSH will also ensure crisscrossing of technology resources across the innovation ecosystem to come out with technology solutions to various societal challenges.
Technology Incubation and Development of Entrepreneurs (TIDE 2.0) Scheme has been envisaged 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 seven pre-identified areas of societal relevance. The Scheme will be implemented through 51 incubators and handholding of approximately 2000 tech start-ups over a period of five years. It will support tech startups addressing societal challenges in seven selected thematic areas identified based on national priorities in the realms of:
Salient Features of the Scheme
- 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.
- Provide holistic incubation support including co-working space, mentoring, and networking for startups.
- Provide financial support to 51 incubators and close to 2000 tech startups pan India.
- The financial support for startups will be provided Facilitate IPR filings
TIDE Centers
Proposals from 51 TIDE 2.0 Incubation Centres are to be obtained from institutions of higher learning and R&D organisations having incubation facilities and established linkages with large companies, industry bodies, industry clusters so as to provide necessary mentorship and possible infusion of innovative businesses into their larger business operations. To leverage the diversity in the ecosystem, it is proposed to roll out TIDE 2.0 in a layered approach. For this it is envisaged that each of the 51 TIDE Centres will be categorized into three distinct groups as summarized below:
Group 1 Centers
Group 1 Centres (G1C) will offer deep support to startups including mentoring, capacity building, investing, and post-investment advisory. Typically, G1Cs will be mature incubators having capabilities of providing such support. It is proposed that six such incubators are to be selected as G1Cs. These six centers would be located in such a manner to have a pan-India outreach. It is also proposed that the six 6 G1Cs would mentor and supervise the Group 2 Centres and Group 3 Centres, if needed.
Group 2 Centers
Group 2 Centres (G2C) will enable a large number of aspiring entrepreneurs and students to build high-quality startups. Typically G2Cs will either be new incubators or academic/student focused incubators that have deep networks in the local ecosystem. It is proposed that 25 such incubators be selected as G2Cs. They must also agree to nurture Group 3 Centers, if required.
Group 3 Centers
Group 3 Centres (G3C) will initiate and evangelize innovation and entrepreneurship ecosystems in unexplored regions. These will typically be incubators that are recently established in academic institutes. G3Cs will initiate and evangelize entrepreneurship and innovation activity in regions with absent/ dormant ecosystems. It is proposed that 20 such incubators be selected as G3Cs.