IIITB Innovation Centre – TIDE 2.0 Grants
With a growing portfolio of Civic Tech with core Information and Communication Technology (ICT) components, 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
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 IIITB Innovation Centre – TIDE 2.0 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
Applications Closed
Key Dates :
Selection Opens for Cohort 1: October 26, 2020
Selection Ends for Cohort 1: October 12, 2020
Announcement of Grant Winners: December 29, 2020
Application Opens for Cohort 2: January 1, 2021
Get in touch with us at innovate@iiitb.ac.in for more information.