MEITY TIDE 2.0

The Ministry of Electronics and Information Technology (MeitY), Government of India,  has recently launched the Technology Incubation and Development of Entrepreneurs (TIDE 2.0) program. This program aims to strengthen 2,000 Technology Startups, leveraging ICT-enabled technologies, in selected areas of national concern, e.g. Healthcare, Education, Agriculture, Financial inclusion including digital payments, Infrastructure and transportation, Environment and clean tech, clean energy and other emerging areas. The program aims to

• Encourage young innovators, with ICT-enabled solutions in the areas of national concern, to take to entrepreneurship by providing financial assistance.
• Provide mentors and subject matter experts to guide them through the program to minimize risks involved in start-ups.
• Make pursuing entrepreneurship more attractive among available career options.
• Enable productizing the ideas, creating of new start-ups and raising next round of funding or investment.

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

• The duration of support will not be more than 12 months.
• If the innovator raises funding or investments for their business ideas / potential start-ups, the grant support shall be discontinued from the date of receipt of the first tranche of the follow-on funds.
• Non-performing innovators may be terminated before completion of 12 months.

• 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.

• The TIDE 2.0 Grant applicant should be 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 TIDE 2.0 Grant applicant should have completed:
• a minimum of four years of formal full-time undergraduate/post graduate education towards one or more degree programme. 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.
• TIDE 2.0 grant the support is a first-generation innovative entrepreneur, who has no prior source of income. TIDE 2.0 Grant support recipient should not treat this support as a stop gap arrangement to support them in their academic pursuits or transition between jobs.
• TIDE 2.0-Grant seeking the support should demonstrate his ability to build a scalable technology business startup.
• The TIDE 2.0-Grant support recipient should propose technology with ICT/software component in a prescribed format.
• TIDE 2.0 Grant support recipient are expected to pursue their entrepreneurial aspirations full-time. TIDE 2.0-Grant cannot be concurrent with any other remuneration or fellowship.
• The startup should be incorporated in India with a minimum 51% of its equity held by Indian citizens.
• The proposals to be supported should be preferably from the pre-identified thematic areas of societal relevance in the realms of health care; education; agriculture, financial inclusion including digital payments; infrastructure and transportation, environment and clean tech, clean energy solutions and other emerging tech areas.
• 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 2.0 Grant fellows seeking support should have a formal business plan for the idea/POC they intend to pursue and a business presentation including the investment proposal.
• The TIDE 2.0 Grant fellows seeking support must be has to register his/her own company within 3 months of the acceptance of Grant.

• SANDIP TBI is a nonprofit company set up under the aegis of SANDIP Incubator Associations to promote entrepreneurship and innovation and established itself as a premier hub of entrepreneurship development in Nashik and surrounding regions.
• SANDIP TBI is a TIDE 2.0 G3 Centre leading the TIDE 2.0 program launched by Ministry of Electronics and Information Technology, Government of India.

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

Any new idea or concept when translates into a product/services is first tested within closed group of experts is a testimony of the proof of concept. The incubation centers are usually the places that provide the support and services for proof of concept of new idea/concept. The PoC is a stage before the test marketing (or beta stage) of any product/services.

A business idea is a concept for commercial purposes and typically centers on a product or service that can be sold for money by adopting an operational and practical model. The characteristics of a unique business idea are:

• It must fulfil customer needs
• It should be innovative and solve market failure
• Uniqueness in features and appeal
• Clear Focus
• Profitable in the long run

The product/services which are traditionally in the market may be improved upon in a multiple manner so as to differentiate them. The product/service differentiator usually comes with improvement of quality, service and overall standardization. For example, the intervention of technology helped in railway ticket/bus ticket and hotel booking. Similarly, packaging of milk helped it improve ease of handling and sale anytime during the day.

The process of improvement in the existing product/services in its manufacturing/delivery/use and applicability by way of technology and enhances efficiency adding to its value proposition/benefits is termed as innovation. For example, the mobile app services are innovation for delivering product and services which were earlier possible to be delivered only through a computer.

Any new idea or concept when translates into a product/services is first tested within closed group of experts is a testimony of the proof of concept. The incubation centers are usually the places that provide the support and services for proof of concept of new idea/concept. The PoC is a stage before the test marketing (or beta stage) of any product/services.

An entity shall be considered as a Startup:

• Upto a period of ten years from the date of incorporation/registration, if it is incorporated as a private limited company (as defined in the Companies Act, 2013) or registered as a partnership firm (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008) in India.
• Turnover of the entity for any of the financial years since incorporation/ registration has not exceeded Rs. 100 crore.
• Entity is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.

The business that focuses and registers enough profits so as to serve its own cost of existence and grow on a year on year basis is a sustainable business. The products and services of the business remains relevant in its value proposition and benefits to its customers to be in demand sustains itself

Mentoring involves advising or training an individual or a group of individuals and guiding them pertaining to their respective activity or domain. This involves counseling, training and guidance by experts. A mentor can be anyone who helps a new individual learn and understand the nuances of a particular activity/work/business/art/trade. Mentors usually have long years of hands on expertise in their area of work and have demonstrated success in their field.

Defining the challenges in a business and in production of products or delivery of services in clear terms is a problem statement. Writing a problem statement helps in analysis and arriving at solutions to the challenges.