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About the Program

Maker Village is proud to be selected among few incubators to host TIDE 2.0 [Technology Incubation & Development of Entrepreneurs] program under the Ministry of Electronics & Information Technology [MeitY], Govt. of India. The TIDE 2.0 scheme envisages provisioning support to tech start-ups with socio relevant themes during the entire journey from idea-to-market. Financial support in the form of Entrepreneur-in-Residence [EiR] is provided to start-ups to support for development to MVP.

EIR (Entrepreneur-in-Residence)

The Programme aims:

  • To promote tech entrepreneurship through financial and technical support to incubators engaged in supporting ICT start-ups using emerging technologies such as IoT, AI, Block-chain, Robotics, etc. in preidentified areas of societal relevance.

  • The scheme envisions creating a holistic ecosystem to support technology start-ups and incubation centres through identifying and creating necessary linkages.

The scheme will be of benefit to start-ups working particularly in the realm of following thematic areas of national priorities:

The scheme will be of benefit to start-ups working particularly in the realm of following

Eligibility

  • The EIR applicant should be citizen of India. An Indian citizen is defined as one who is in possession of a government approved proof of nationality such as a valid passport, voter’s id etc.

  • The applicant must have completed basic graduation as on date of applying for EIR.

  • The EIR applicant should possess min. 18 years of age and maximum 40 years of age.

  • Must be physical incubate for entire idea development

  • Must be physical incubate for entire idea development

  • The recipient shall be a founder of start-up/company registered under DPIIT(OR ready to register within 6 months of EIR acceptance ).

  • The TIDE-EIR support recipient should propose one technology business idea in a prescribed format.

  • EIR seeking support should have a formal business plan for the idea they intend to pursue and a business presentation including the investment proposal.

Timeline

A 12-month program at Maker Village to support young innovators working on ICT-enabled ideas with social relevance.

Benefits for Startups

  • Provide holistic incubation support including co-working space, mentoring, and networking for start ups.

  • The financial support for startups will be provided to Facilitate IPR filings.

  • Make pursuing entrepreneurship more attractive among available career options

  • Enable productizing the ideas, creating of new start-ups and raising next round of funding or investment.

Takeaways for Startups

  • Avail world class facilities for electronic and mechanical manufacturing

  • Funding support of 4lakh

  • Exposure to ecosystem and support through investments and grants

Last date for application: 21st August 2024

For enquiries please email: pm2.makervillage@iiitmk.ac.in

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