Technology Incubation and Development of Entrepreneurs (TIDE) 2.0 Scheme

Why in News

The Government of India highlighted the progress of the TIDE 2.0 Scheme, under which 1,706 technology start-ups have been supported so far, with several scaling globally.

About TIDE 2.0

• Launched: 2019
• Nodal Ministry: Ministry of Electronics and Information Technology (MeitY)
• Objective:
  • Promote technology-based entrepreneurship
  • Strengthen the start-up incubation ecosystem through financial and technical support

Key Features

• Support Structure:
  • Implemented through 51 selected incubators
  • Incubators located in Institutes of Higher Learning and premier R&D organisations
• Total Outlay: ₹264.62 crore
• Duration: 5 years
• Target: Support around 2,000 tech start-ups

Support to Start-ups

• Financial assistance and mentoring
• Access to technical expertise, industry linkages, and ecosystem partnerships
• Multiple revenue sustainability models, including equity exits
• Over 150 incubated start-ups have been supported to expand globally

Centres of Excellence in Intellectual Property Rights (CoE-IP)

• Established under TIDE 2.0
• Focus areas:
  • Electronics and IT domain
• Beneficiaries:
  • Start-ups, MSMEs, academia and individual inventors
• Services provided:
  • IP facilitation and advisory services
  • Awareness creation and capacity-building programmes
  • Training related to patents, trademarks and IPR strategy

Progress So Far

• 1,706 start-ups supported till date
• Start-ups showing sustained growth and global scalability