About the Program

The Ministry of Electronics and Information Technology (MeitY), Government of India has recently launched the Technology Incubation and Development of Entrepreneurs (TIDE 2.0) program. This program aims to strengthen 2000 Technology Startups, leveraging ICT enabled technologies, in selected areas of national concern, e.g. Healthcare, Education, Agriculture, Financial inclusion including digital payments, Infrastructure and transportation, Environment and clean tech, Clean energy and other emerging areas.

IIM Calcutta Innovation Park in collaboration with MeitY introduces multiple programs to support the youth working on ICT enabled ideas and solutions with knowledge, research resources, and grant towards validation, development and commercialization of their idea and solution.

Entrepreneur-in-Residence (EiR)

A 12-month incubation program at IIM Calcutta Innovation Park, to support young innovators
working on ICT enabled ideas and solutions towards solving a pressing need of national priority.

Benefits

The selected Entrepreneurs-in-Residence (EiR) will be provided with multiple valuable benefits.

  • Rs 4 Lakhs grant for a year for validation and development of an idea
  • Incubation @ IIM Calcutta Innovation Park
  • Opportunities to pitch for seed funding on completion of the program



Eligibility

  • The applicant must be a citizen of India.
  • Individual /team should have an idea /prototype.
  • The solution should be ICT enabled and solving a pressing need in one of the following domains of national priority:
    • Healthcare
    • Education
    • Agriculture
    • Financial inclusion including digital payments
    • Infrastructure and transportation
    • Environment and clean tech
    • Clean energy solutions
    • Other emerging areas
  • At-least one member from the team should be willing to pursue the idea full time.
  • Cannot be combined with fellowships from other funding organizations.

Timeline

21 Feb, 2020
Registration Starts
Last Date for Applications
27 Apr, 2020
8 May, 2020
Announcement of Shortlisted Candidates
Presentation to Selection Committee
9 May, 2020
13 May, 2020
Announcement of Selected Candidates

Hackathon

IIM Calcutta Innovation Park, with the support of multiple partner organizations will conduct 6 Hackathons
in Guwahati, Patna during Feb-Mar 2020 to validate innovative ICT enabled ideas and solutions.

Benefits

The selected candidates will be provided with multiple valuable benefits.

  • Prize money
  • Certificate from IIM Calcutta Innovation Park
  • Opportunity to pitch for fellowship through EiR program



Eligibility

  • The applicant must be a citizen of India.
  • The solution should be ICT enabled and solving a pressing need in one of the following domains of national priority:
    • Healthcare
    • Education
    • Agriculture
    • Financial inclusion including digital payments
    • Infrastructure and transportation
    • Environment and clean tech
    • Clean energy solutions
    • Other emerging areas
  • Have not received any fellowships / grants from other funding organizations.

Timeline

21 Feb, 2020
Registration Starts
Last Date for Applications
20 Mar, 2020
29 Feb - 01 Mar, 2020
Techathon X1, Guwahati
Techathon X1, Tezpur
04-05 Mar, 2020
14-15 Mar, 2020
Techathon X1, Silchar
Techathon X1, Patna
17-18 Mar, 2020

Grant

A 12-month incubation program at IIM Calcutta Innovation Park, to support young innovators
working on ICT enabled solutions towards solving a pressing need of national priority.

Benefits

The selected Grantees will be provided with multiple valuable benefits.

  • Rs 7 Lakhs grant for a year to develop a Minimum Viable Product (MVP) from Proof of Concept (PoC)
  • Incubation @ IIM Calcutta Innovation Park
  • Opportunities to pitch for seed funding on completion of the program



Eligibility

  • The applicant must be a citizen of India.
  • Individual / team should have a Proof of Concept (PoC).
  • The solution should be ICT enabled and solving a pressing need in one of the following domains of national priority:
    • Healthcare
    • Education
    • Agriculture
    • Financial inclusion including digital payments
    • Infrastructure and transportation
    • Environment and clean tech
    • Clean energy solutions
    • Other emerging areas
  • At-least one member from the team should be willing to pursue the idea full time.
  • Cannot be combined with fellowship / grant / seed fund from other funding organizations.

Timeline

03 Jun, 2020
Registration Starts
Last Date for Applications
12 Jul, 2020
31 Jul, 2020
Announcement of Shortlisted Candidates
Presentation to Selection Committee
14 Aug, 2020
20 Aug, 2020
Announcement of Selected Candidates



Apply Now

Frequently Asked Questions

The Ministry of Electronics and Information Technology (MeitY), Government of India has recently launched the Technology Incubation and Development of Entrepreneurs (TIDE 2.0) program. This program aims to strengthen 2000 Technology Startups, leveraging ICT enabled technologies, in selected areas of national concern, e.g. Healthcare, Education, Agriculture, Financial inclusion including digital payments, Infrastructure and transportation, Environment and clean tech, Clean energy and other emerging areas. The program aims to

  • Encourage young innovators, with ICT enabled solutions in the areas of national concern, to take to entrepreneurship by providing financial assistance.
  • Provide mentors and subject matter experts to guide them through the program to minimize risks involved in start-ups.
  • 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.
  • The duration of support will not be more than 12 months.
  • If the innovator raises funding or investments for their business ideas / potential start-ups, the grant support shall be discontinued from the date of receipt of the first tranche of the follow-on funds.
  • Non-performing innovators may be terminated before completion of 12 months.

IIM Calcutta innovation Park (IIMCIP) is a nonprofit company set up under the aegis of IIM Calcutta to promote entrepreneurship and innovation and established itself as a premier hub of entrepreneurship development in East and North-East India.

IIMCIP is a TIDE 2.0 G1 Centre leading the TIDE 2.0 program launched by Ministry of Electronics and Information Technology, Government of India, in East and North-East India.

A business idea is a concept for commercial purposes and typically centers on a product or service that can be sold for money by adopting an operational and practical model. The characteristics of a unique business idea are:

  • It must fulfil customer needs
  • It should be innovative and solve market failure
  • Uniqueness in features and appeal
  • Clear Focus
  • Profitable in the long run

The process of improvement in the existing product/services in its manufacturing/delivery/use and applicability by way of technology and enhances efficiency adding to its value proposition/benefits is termed as innovation. For example, the mobile app services are innovation for delivering product and services which were earlier possible to be delivered only through a computer.

The product/services which are traditionally in the market may be improved upon in a multiple manner so as to differentiate them. The product/service differentiator usually comes with improvement of quality, service and overall standardization. For example, the intervention of technology helped in railway ticket/bus ticket and hotel booking. Similarly, packaging of milk helped it improve ease of handling and sale anytime during the day.

Defining the challenges in a business and in production of products or delivery of services in clear terms is a problem statement. Writing a problem statement helps in analysis and arriving at solutions to the challenges.

Any new idea or concept when translates into a product/services is first tested within closed group of experts is a testimony of the proof of concept. The incubation centers are usually the places that provide the support and services for proof of concept of new idea/concept. The PoC is a stage before the test marketing (or beta stage) of any product/services.

An entity shall be considered as a Startup:

  • Upto a period of ten years from the date of incorporation/registration, if it is incorporated as a private limited company (as defined in the Companies Act, 2013) or registered as a partnership firm (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008) in India.
  • Turnover of the entity for any of the financial years since incorporation/ registration has not exceeded Rs. 100 crore.
  • Entity is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.

The business that focuses and registers enough profits so as to serve its own cost of existence and grow on a year on year basis is a sustainable business. The products and services of the business remains relevant in its value proposition and benefits to its customers to be in demand sustains itself.

Incubation is a process whereby an entrepreneur/organization get help for their new and startup business to develop by providing services such as management training, capital or office space. The incubation provides the eco-system for harnessing new business idea/concept and develop it into a commercial venture.

Mentoring involves advising or training an individual or a group of individuals and guiding them pertaining to their respective activity or domain. This involves counseling, training and guidance by experts. A mentor can be anyone who helps a new individual learn and understand the nuances of a particular activity/work/business/art/trade. Mentors usually have long years of hands on expertise in their area of work and have demonstrated success in their field.

Contact Us

IIM Calcutta, Joka,
Diamond Harbour Road
Kolkata 700104

Terms and Conditions

  1. The information provided through the application will be kept strictly confidential and will be used for the purpose of the program only.
  2. The decision of the organizing team, regarding selection of candidates, is final, firm and binding.
  3. The application and / or incubation / fellowship will be cancelled if misrepresentation of facts are found at any point of time.
  4. During various stages of the program the participants need to disclose information of the work and / or company.
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