IIITB Innovation Centre has completed a decade of sustained Innovation & nurturing Start-ups and also is a MeitY TIDE 2.0 G2 Centre, approved by Ministry of Electronics and IT as part of MeitY Startup Hub & a Government of Karnataka approved Incubation Facility. They work with exceptional researchers, innovators, entrepreneurs to create socially-relevant solutions and ventures that help communities and governments.
Sponsoring Agency: IIITB Innovation Centre
Type of Fund: Grant
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 06/15/2021
Size of the Fund: Less than USD $50,000
IIITB Innovation Centre has completed a decade of sustained Innovation & nurturing Start-ups and also is a MeitY TIDE 2.0 G2 Centre, approved by Ministry of Electronics and IT as part of MeitY Startup Hub & a Government of Karnataka approved Incubation Facility. They work with exceptional researchers, innovators, entrepreneurs to create socially-relevant solutions and ventures that help communities and governments.
The focus Areas are Healthcare, Education, Agriculture, Infrastructure & Transportation, Financial Inclusion including Digital Payments, and e-Governance. #Innovation through Co-Creation
The IIITB IC -TIDE Program supports two types of innovators:
• Type I:
o Idea Stage Startups / Entrepreneurs – With or without registered companies
• Type II:
o Initial Stage Startups
Entrepreneurs-in-Residence Grant
• Grant Information
o Ideation Grant: Upto Rs. 4 Lakh
o Number of grants: up to 4
• Eligibility
o Aspiring entrepreneurs (individual innovators and students) and start-ups developing innovative digital solutions in Healthcare, Education, Agriculture, Infrastructure & Transportation, Financial Inclusion including Digital Payments, and e-Governance & Other emerging 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)
o Stage of development: Idea to Proof of Concept (PoC)
o Seed grant support for: Idea development, validation and subsequent development of PoC
• Selection Criteria
o Scientific and Technical strength, novelty, business potential, societal impact, implementation plan and suitability to funding scheme
Start up Further Development Grant
• Grant Information
o Seed grant support: up to Rs. 7 Lakh
o Number of grants: up to 4
• Eligibility
o Start-Ups developing innovative digital solutions in Healthcare, Education, Agriculture, Infrastructure & Transportation, Financial Inclusion including Digital Payments, e-Governance & Other emerging areas 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
o Stage of development: Proof of Concept (PoC) to Minimum Viable Product (MVP)
o Seed grant support for: Creating a Minimum Viable Product and to advance the start-up till Go-to-the-market stage
• Selection Criteria
o Innovation and Technology Strength, novelty, business potential, societal impact, implementation plan, team strength and suitability to funding scheme
More information at: https://www.iiitbic.org/tide/
Eligible Countries:
India
