IMACX – TIDE 2.0 Grants
With a growing portfolio of Civic Tech with core Information and Communication Technology (ICT) components, IMACX (IIITB Innovation Centre) has entered into a partnership with MeitY, Govt of India as a TIDE 2.0 Incubation Centre to provide incubation, funding and handholding support to early-stage startups developing IoT, AI, Block-Chain, Robotics, and other such technologies to address critical gaps following the success of TIDE 1.0
Apply for TIDE 2.0 Cohort 2
We invite technology based Startups to apply for entrepreneurship support through use of emerging technologies like IoT, AI, Block-chain, Robotics etc. for these areas based on national priorities particularly in the field of Civic Tech & Education, Financial inclusion including digital payments & Agriculture.
The IMACX-TIDE Program supports two types of innovators:
Type I:
Idea Stage Startups / Entrepreneurs – With or without registered companies
Type II:
Initial Stage Startups
Entrepreneurs-in-Residence Grant
Ideation Grant: Upto Rs. 4 Lakh
Number of grants: up to 4
Eligibility:
Aspiring entrepreneurs (individual innovators and students) and start-ups developing innovative digital solutions in Healthcare, Education, Agriculture, Infrastructure & Transportation, Financial Inclusion including Digital Payments, and e-Governance & Other emerging areas. Indian Start-ups (registered under Companies Act, 2013), having at least 51% shareholders as Indian Citizens [does not include OCI or PIO] is the mandatory requirement
- Individuals applying for these grants must be Indian citizens (does not include OCI or PIO)
Stage of development: Idea to Proof of Concept (PoC)
Seed grant support for: Idea development, validation and subsequent development of PoC
Selection criteria: Scientific and Technical strength, novelty, business potential, societal impact, implementation plan and suitability to funding scheme
Start up Further Development Grant
Seed grant support: up to Rs. 7 Lakh
Number of grants: up to 4
Eligibility:
Start-Ups developing innovative digital solutions in Healthcare, Education, Agriculture, Infrastructure & Transportation, Financial Inclusion including Digital Payments, e-Governance & Other emerging areas who have completed Proof of Concept (PoC)
- Indian Start-ups (Registered under Companies Act, 2013), having at least 51% shareholders as Indian Citizens [does not include OCI or PIO] is the mandatory requirement
Stage of development: Proof of Concept (PoC) to Minimum Viable Product (MVP)
Seed grant support for: Creating a Minimum Viable Product and to advance the start-up till Go-to-the-market stage
Selection criteria: Innovation and Technology Strength, novelty, business potential, societal impact, implementation plan, team strength and suitability to funding scheme
TIDE 2.0 Cohort 1 Winners
EIR
Breezy
AI Driven garbage Accumulation App
Grant: 4 Lakh
EIR
EduTAG
Tactile Audio device for visually Impaired
Grant: 4 Lakh
STARTUP
Deep Vision
AI based Sign Language Interpreter
Grant: 7 Lakh
STARTUP
Haveli UAVs
Personalised affordable UAVs/Drones
Grant: 7 Lakh
Apply for IMACX – TIDE 2.0 Grants
Key Dates :
Announcement of Chort 1 Grant Winners: February 12, 2021
Application Opens for Cohort 2: February 15, 2021
Application Ends for Cohort 2: March 01, 2021
Announcement of Cohort 2 Grant Winners: March 19, 2021
Get in touch with us at innovate@iiitb.ac.in for more information.