Technology Incubation and Development of Entrepreneurs (TIDE 2.0) is a scheme under Ministry of Electronics and Information Technology, for strengthening close to 2000 Technology Startups in selected areas of national concern by leveraging emerging technologies and empowering 51 Incubation Centers suitably divided into three distinct groups viz. Group 1, Group 2 and Group 3 Centres.

In Tide 2.0 program, we received funding & mentorship for testing our prototype. The workshop organized by CIIE under Tide2.0 was of great help and very motivational. TIDE 2.0 Seed Fund Scheme by MeitY Startup Hub has helped Nawgati build and test out our MVP with multiple prospective clients for our offering.

The seven areas of national concern has been identified as Healthcare, Education, Agriculture, Financial inclusion including digital payments, Infrastructure and transportation, Environment and clean tech, Clean energy and other emerging areas. The scheme has a time span of 5 years.

Financial support in the form of Entrepreneur-in-Residence (EiR), Grants and Investments are to be provided to startups through the TIDE 2.0 Incubation Centres.

Entrepreneur-in-Residence (EiR): EiR to the tune of Rs. 4 Lakh per startup may be provided to any startup having an idea, who then starts working out of a TIDE 2.0 incubator space which is to be utilized for validation and development of an idea.

Grants: Grants to the tune of Rs. 7 Lakh per startup may be provided to nascent startups having a definite proof of concept which are to be further developed into Minimum Viable Products (MVP).

Investments: Investments to the tune of Rs. 40 Lakh per startup may be provided to later stage startups that are ready for commercialization.

Birla Institute of Technology and Science (BITS), Pilani is an all India Institute for higher education and currently declared as one of the indian institutes of eminence by the government of India. It has campuses in India (Pilani, Goa, Hyderabad) and abroad (Dubai). Its vision is commitment to transparency and equal opportunity for all. The mission of BITS Pilani is to advance knowledge and educate students in science and technology and other area of scholarship that best serves the nation.