MeitY TIDE 2.0 (EIR)

Event Date: From 5 June, 2024
Venue: India
Event Provider: IIT Mandi

The MeitY TIDE 2.0 EIR Support is a program that offers financial aid to individuals, students, innovators, and startups. It aims to help them develop and validate their ideas into a Proof-of-Concept (POC). Any Intellectual Property (IP) generated belongs to the innovator or startup. The program focuses on supporting technology-based entrepreneurship, particularly in areas like healthcare, education, agriculture, financial inclusion, infrastructure, environment, clean energy, and other emerging areas. It leverages emerging technologies such as IoT, AI, Blockchain, and Robotics.

Eligibility

The eligibility criteria for the MeitY TIDE 2.0 (EIR) are:

Applicants must be Indian citizens with valid proof of nationality.
They should have completed at least 4 years of full-time undergraduate/postgraduate education in science or engineering. Alternatively, they can have a 3-year degree or diploma in science or engineering and 2 years of full-time work experience.
Applicants must be committed to exploring a business idea and should not use the support as a stop-gap arrangement.
They should demonstrate their ability to build a scalable technology business startup.
Recipients of MeitY TIDE 2.0 EiR support are expected to pursue their entrepreneurial aspirations full time and cannot receive any other remuneration or fellowship concurrently.
Applicants cannot be a promoter or significant shareholder (>10%) of another company at the time of applying for and receiving the grant approval.
They should be registered for the pre-incubation or incubation program at the SINE for the entire duration of support.
Entrepreneurs pursuing business ideas with no or marginal technology innovation or those with a very short journey to commercialization (less than 6 months) are discouraged to apply.
Applicants should have a formal business plan for the idea they intend to pursue and a business presentation including the investment proposal.

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Benefits

The benefits of the EIR are:

Financial Aid: The program provides financial support to individuals, students, innovators, and startups. This aid helps them transform their ideas into a Proof-of-Concept (POC).
Ownership of Intellectual Property: Any Intellectual Property (IP) generated during the program belongs to the innovator or startup. This means they retain the rights to their innovative ideas and creations.