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.

If you have something great in the works, we’d love to speak with you. We would like to understand details about – your venture’s purpose, the market problem that you are planning to solve, the solution that is being planned for development, the team members working on the solution, the market opportunity for the solution and finally, how we could help you in your journey.

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.

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