IIITB-IC TIDE 2.0 Grants

IIITB Innovation Centre has completed a decade of sustained Innovation & nurturing Start-ups and also is a MeitY TIDE 2.0 G2 Centre, approved by Ministry of Electronics and IT as part of MeitY Startup Hub & a Government of Karnataka approved Incubation Facility . We work with exceptional researchers, innovators, entrepreneurs to create socially-relevant solutions and ventures that help us, our communities and our governments. Our focus Areas are Healthcare, Education, Agriculture, Infrastructure & Transportation, Financial Inclusion including Digital Payments, and e-Governance. #Innovation through Co-Creation

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 IIITB IC -TIDE Program supports two types of innovators:

Type I:

Idea Stage Startups with registered companies

Type II:

Initial Stage Startups

Entrepreneurs-in-Residence Grant

Ideation Grant: Upto Rs. 4 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, 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