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TIDE Scheme for Entrepreneurship Development

TIDE Scheme for Entrepreneurship Development

The Department of Electronics and Information Technology (DeitY) is implementing theTechnology Incubation and Development of Entrepreneurs – TIDE Scheme. TIDE scheme was initially launched in 2008 and the scheme has now been revised and extended till March 2017. Under the TIDE scheme, 27 centers are being supported at academic institutions across India for the development of startups and entrepreneurs.

Department of Electronics and Information Technology (DeitY)

The Department of Electronics and Information Technology (DeitY) has a vision for development of India as the engine for transition into a developed nation and an empowered society. The department promotes e-Governance for empowering citizens, promoting the inclusive and sustainable growth of the Electronics, IT & ITeS industries, enhancing India’s role in Internet Governance, promoting R&D and innovation, enhancing efficiency through digital services and ensuring a secure cyber space.

TIDE Scheme

TIDE Scheme or Technological Incubation and Development of Entrepreneurs (TIDE) aims to assist Institutions of Higher learning to strengthen their Technology Incubation Centres and enable young entrepreneurs to initiate technology startup companies for commercial exploitation of technologies developed by them.

The objectives of TIDE scheme are:

  1. Set-up and strengthen the Technology Incubation Centres and thus nurture technology entrepreneurship development;
  2. Promote product oriented research and development;
  3. Encourage and accelerate development of indigenous products and packages;
  4. Bridge the gap between R&D and commercialisation.

TIDE Incubation Centers

The TIDE incubation centers setup in Host Institutions provide a host of services to entrepreneurs and facilitate linkages that are congenial for their survival and growth. The centre also network with Angel Investors and Venture Capitalists who provide mentoring and financial support to the startups. TIDE centers enable the tenant companies to mature over a period of 2-3 years and graduate to a commercial place to do the actual business. The involvement of the faculty of the institute in the technology start-up activity reinforces teaching and research, strengthens linkages between education and industry, and also better aligns education to meet market requirements.

The Host Institution plays an important role not only in the establishment of the TIDE center but also in its smooth and efficient functioning and nurturing it into a successful venture. Host institutions are expected to provide full support to the centre – including policy, Infrastructure, built-up space for TIDE Centre, and also enable access to institutes expertise and facilities. The Host Institution will also ensure that the funds provided to the HI / TIDE Centre are utilised for the specific purpose.

TIDE Scheme for Entrepreneurship Development

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