TIDE 2.0 Scheme

TIDE 2.0 Scheme Latest News

Recently, the Union Minister for Electronics and Information Technology informed the Rajya Sabha about the TIDE 2.0 Scheme.

About TIDE 2.0 Scheme

• The “Technology Incubation and Development of Entrepreneurs 2.0 (TIDE 2.0)” Scheme was launched in the year 2019.
• It promotes technology-based entrepreneurship by providing financial & technical support to incubators engaged in supporting ICT startups primarily engaged in using emerging technologies such as IoT, AI, Block-chain, Robotics etc. 

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Features of TIDE 2.0 Scheme

• It is implemented through empowering 51 incubators in India and handholding close to 2000 tech start-ups over a period of 5 years.
• These selected incubators are located in the Institutes of Higher Learning and premier R&D organizations across the country.
  • These incubators provide startups with requisite expertise, industry linkages and ecosystem partnerships etc.
• Under TIDE 2.0, Centres of Excellence in Intellectual Property Rights (CoE-IP) are also established to encourage or support Startups/SMEs/academia/inventors in the Electronics and IT domain.
  • These CoE provide various IP related services, awareness creation and training.
  • It complements other Government initiatives such as GENESIS, SAMRIDH, Startup India and sector-specific innovation programmes.

Source: PIB