TIDES Business Incubator IIT Roorkee: Entrepreneur-in-Residence (EiR) & Grants

Shruti Devasthali

TIDE 2.0 SCHEME

INVITING APPLICATIONS FOR COHORT-2 UNDER TIDE 2.0

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  • TIDE 2.0 Scheme is a fellowship/ grant for an aspiring entrepreneur to promote tech entrepreneurship through financial and technical support in seven pre-identified areas of societal relevance.
  • The TIDE 2.0 has an intake of 4 start-ups under Entrepreneur-in-Residence (EiR) and 4 start-ups under Grants.

 

OBJECTIVES

  • To promote tech entrepreneurship through financial and technical support.

 

BENEFITS

  •  
  • Infrastructural Facilities
  • Funding
  • Mentoring
  • Business Support and Networking
  • Lab Facilities

 

START-UP AREAS

  • Healthcare
  • Education
  • Agriculture
  • Financial inclusion including digital payments
  • Infrastructure and transportation
  • Environment and Clean tech
  • Clean energy solution

 

PREFERABLE TECHNOLOGY

  • Artificial Intelligence
  • Machine Learning/Deep Learning
  • Blockchain Technology
  • Internet of Things
  • Cyber Security
  • Drone Technology

ENTREPRENEUR-IN-RESIDENCE (EIR)

ELIGIBILITY:

  • The Applicant should be citizen of India.
  • Applicant should have completed undergraduate degree programme in science/engineering (or) last year student but shouldn’t be seeking placement.
  • Essential qualification is PhD/MTech/BTech/BPharm/MD/MBBS/BDS/MSc/BSc/
  • MPhil/M Des /BCA/MBA/MCA and equivalents, with under‐ graduate training in Science, Medicine, Engineering.
  • The applicant shouldn’t have a source of income.
  • Should be committed to exploring a business idea.
  • The applicant should not be the promoter or shareholders/beneficiary of another company.
  • If Applicant raises funding or investments for their business ideas/ potential start-ups, the grant support shall be discontinued.

Preferences will be given for the following:

    • Women entrepreneurs
    • Innovators under the age of 35
    • Business plan that can result in manufacturing and better jobs creation

FINANCIAL SUPPORT:

  • 4 EiR fellowship of ₹ 4 Lakh for 1 year may be provided to any applicant having an idea, who then start working for validation and development of an idea.

Submission deadline: 15 Aug ’21
More on: http://tides.iitr.ac.in/tide2 | http://tides.iitr.ac.in/nidhieir
More on: http://mashelkarfoundation.org/