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TIDE MVP Grant

Overview

Technology Incubation and Development of Entrepreneurs (TIDE) 2.0 Grant is a scheme funded by the Ministry of Electronics & Information Technology (MeitY) that promotes ICT enabled tech entrepreneurship through financial and technical support to incubators in selected domains of national concern. Four applicant are selected under TIDE 2.0 Grant with relevant proof of concept who will then convert their product into a minimum viable product.

Applications Closed

Focus Domains

Green Technology
Education
Agriculture
Clean Energy
Financial inclusion -
digital payments
Infrastructure and transportation
Environment and
clean tech

Eligibility

  • The applicant should be a citizen of India with possession of a government-approved proof of nationality such as a valid Aadhar, passport, voter’s id etc.
  • All Startups and Innovators with a solution around ICT (Information & Communications Technology) can apply.
  • The proposals 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.

Offerings

Grant upto
7 lakhs
Access to IIT Kanpur infrastructure
Incubation support
by SIIC
Mentorship from leading industrial experts

Application Process

  • Step 1

    Call for applications opens

  • Step 2

    Applicants apply through SIIC website

  • Step 3

    Shortlisting of the Startups

  • Step 4

    Internal evaluation of the selected startups

  • Step 5

    Announcement of the grantees

12

Months Program Duration

22

Startups Supported

₹ 12M+

Funding Released

210

Applications Received

TIDE MVP Grant Program

Frequently Asked Questions

The incubation can be virtual or physical depending upon the nature and other logistical aspects of the startup.

Startups can receive grant support upto 7 lakhs.

It is mandatory for the startus to be virtually incubated at SIIC, IIT Kanpur. However, the applicant may request for virtual incubation due to logistical or circumstancial issues.

Following documents must be submitted once the applicant/proposed startup is selected:

  • Certificate of Incorporation
  • PAN Card of Company
  • Memorandum of Association
  • Articles of Association
  • MGT 7
  • AOC 4
  • Audit Report
  • Audited Financial Statements: A signed copy of the Financial Statement
  • Copy of Latest Income Tax Return
  • KYC of Directors
  • Includes all the directors: 1.) PAN Card 2.) Aadhar Card
  • Board Resolution for Agreement
  • A signed copy of Board Resolution
  • GST Number
  • TAN Number
  • Bank details: Copy of bank statement/canceled cheque of new bank A/c.
  • Photograph of the Proposer