IMACX – TIDE 2.0 Grants

With a growing portfolio of Civic Tech with core Information and Communication Technology (ICT) components, IMACX (IIITB Innovation Centre) has entered into a partnership with MeitY, Govt of India as a TIDE 2.0 Incubation Centre to provide incubation, funding and handholding support to early-stage startups developing IoT, AI, Block-Chain, Robotics, and other such technologies to address critical gaps following the success of TIDE 1.0

We invite technology based Startups to apply for entrepreneurship support through use of emerging technologies like IoT, AI, Block-chain, Robotics etc. for these areas based on national priorities particularly in the field of Civic Tech & Education, Financial inclusion including digital payments & Agriculture.

If you have something great in the works, we’d love to speak with you. We would like to understand details about – your venture’s purpose, the market problem that you are planning to solve, the solution that is being planned for development, the team members working on the solution, the market opportunity for the solution and finally, how we could help you in your journey.

The IMACX-TIDE Program supports two types of innovators:

Type I:  

Idea Stage Startups / Entrepreneurs – With or without registered companies

Type II:  

Initial Stage Startups

Details of Grants

Entrepreneurs-in-Residence Grant’s

Ideation Grant: Upto Rs. 4 Lakh

Number of grants: up to 4

Eligibility:

  • Aspiring entrepreneurs (individual innovators and students) and start-ups developing innovative digital solutions in Healthcare, Education, Agriculture, Financial inclusion including digital payments, Infrastructure and transportation, Environment and clean tech, Clean energy solutions & Other emerging areas (flexibility to support tech startups to address societal challenges in ICTE areas)
  • Indian Start-ups (registered under Companies Act, 2013), having at least 51% shareholders as Indian Citizens [does not include OCI or PIO] is the mandatory requirement
  • Individuals applying for these grants must be Indian citizens (does not include OCI or PIO)

Stage of development: Idea to Proof of Concept (PoC)

Seed grant support for: Idea development, validation and subsequent development of PoC

Selection criteria: Scientific and technical strength, novelty, business potential, societal impact, implementation plan, and suitability to funding schem

Start up Further Development Grant

Seed grant support: up to Rs. 7 Lakh

Number of grants: up to 4

Eligibility:

  • Start-Ups developing innovative digital solutions in Healthcare, Education, Agriculture, Financial inclusion including digital payments, Infrastructure and transportation, Environment and clean tech, Clean energy solutions & Other emerging areas (flexibility to support tech startups to address societal challenges in ICTE areas)and who have completed Proof of Concept (PoC)
  • Indian Start-ups (Registered under Companies Act, 2013), having at least 51% shareholders as Indian Citizens [does not include OCI or PIO] is the mandatory requirement

Stage of development: Proof of Concept (PoC) to Minimum Viable Product (MVP)

Seed grant support for: Creating a Minimum Viable Product and to advance the start-up till Go-to-the-market stage

Selection criteria: Innovationand Technology Strength, novelty, business potential, societal impact, implementation plan, team strength, and suitability to funding scheme

Applications Closed

Key Dates :

Application Opens:  16st June 2020
Application Ends:  5th Aug 2020
Announcement of Grant Winners:  Announcing Soon

Get in touch with us at innovate@iiitb.ac.in for more information.

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