Meity To Empower 51 Incubators & 2000 Start-ups, Invites Applications for TIDE 2.0

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Meity Startup Hub (MSH) will coordinate and facilitate TIDE2.0 pan India. It will manage the network of incubation centres and other collaborating platforms to give maximum support to emerging tech start-ups of India.

The Ministry of Electronics and Information Technology (MeitY) is inviting applications from incubators for Technology Incubation and Development of Entrepreneurs (TIDE) 2.0 scheme.

Under this scheme, the MeitY will provide financial and technical support to 51 incubators and close to 2000 tech start-ups across India.

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The MeitY Start-up Hub (MSH) will act as the nodal agency for implementation of TIDE 2.0 scheme and the filing of application forms for TIDE 2.0 incubation centres will be facilitated through the recently launched MeitY Start-up Hub (MSH) portal.

MeitY Secretary Ajay Prakash Sawhney inaugurated the portal, along with the launch of the application forms for TIDE2.0, on May 10 through a virtual event.

Over 300 start-ups and incubators from 260 locations pan India attended the soft launch of MeitY Start-up Hub (MSH).

Set up under the aegis of the Ministry of Electronics and Information Technology (MeitY), MSH aims to promote technology innovation, start-ups and creation of intellectual properties.

It will act as a national coordination, facilitation and monitoring centre that will integrate all the incubation centers and start-up and innovation related activities of MeitY.

MSH along with Centre-of-Excellence in IPR (CoE-IP) will provide all IPR related services/support to start-ups emerging out of TIDE 2.0, the Ministry said.

Last date of application for TIDE 2.0 incubation centres is June 15, 2019.

TIDE 2.0

TIDE 2.0 will promote tech entrepreneurship through financial and technical support to incubators engaged in supporting ICT start-ups 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 five years.

The scheme envisions creating a holistic ecosystem to support technology start-ups and incubation centers through identifying and creating necessary linkages.

Under this scheme, tech start-ups will be provided funds in the form of grants for prototype development and investment assistance for product development and market outreach.

MeitY Startup Hub (MSH) would be set up 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.

MSH will manage the network of incubation centres and other collaborating platforms and act as a single window for all start-ups under Tide 2.0. It will organize activities like learning and skill development programmes for budding entrepreneurs/tech start-ups of India.

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