Sponsored by The Ministry of Electronics and Information Technology, TIDE 2.0 makes available funding support for startups engaged in ideas related to electronics and communication solutions. The startups are expected to utilize the funds for prototyping.
Catalyst invites applications for ideation & prototype level projects under the Tide 2.0 scheme of the MeitY, GoI. The TIDE 2.0 scheme envisages provisioning support to tech startups during the entire journey from idea-to-market. The period of prototyping support can be up to 12 months.
To promote e-Governance for empowering citizens, promoting the inclusive and sustainable growth of the Electronics, IT & ITeS industries, enhancing India’s role in Internet Governance, adopting a multipronged approach that includes the development of human resources, promoting R&D and innovation, enhancing efficiency through digital services and ensuring secure cyberspace.
Technology Incubation and Development of Entrepreneurship (TIDE 2.0) is a scheme for handholding close to 2000 Technology Startups addressing societal challenges in seven selected thematic areas identified based on national priorities. The seven areas of national concern have been identified as Healthcare, Education, Agriculture, Financial inclusion including digital payments, Infrastructure and transportation, Environment and cleantech, clean energy, and other emerging ICT based areas.
The program mainly targets a valid PoC to be transformed to prototype or a Minimum Viable Product (MVP) by providing ample opportunities and support in terms of product development assistance, access to technical experts, mentoring, infrastructure and administrative support. Hence, the program bridges the gap between idea and prototype funding.