TIDE 2.0 Scheme promotes technology-based entrepreneurship by providing financial & technical support to incubators. Read more about TIDE 2.0 Scheme, Features, Aim, Latest News.
Recently, the Union Minister for Electronics and Information Technology informed the Rajya Sabha about the TIDE 2.0 Scheme.
About TIDE 2.0 Scheme
The “Technology Incubation and Development of Entrepreneurs 2.0 (TIDE 2.0)” Scheme was launched in the year 2019.
It promotes technology-based entrepreneurship by providing financial & technical support to incubators engaged in supporting ICT startups primarily engaged in using emerging technologies such as IoT, AI, Block-chain, Robotics etc.
Features of TIDE 2.0 Scheme
It is implemented through empowering 51 incubators in India and handholding close to 2000 tech start-ups over a period of 5 years.
These selected incubators are located in the Institutes of Higher Learning and premier R&D organizations across the country.
These incubators provide startups with requisite expertise, industry linkages and ecosystem partnerships etc.
Under TIDE 2.0, Centres of Excellence in Intellectual Property Rights (CoE-IP) are also established to encourage or support Startups/SMEs/academia/inventors in the Electronics and IT domain.
These CoE provide various IP related services, awareness creation and training.
It complements other Government initiatives such as GENESIS, SAMRIDH, Startup India and sector-specific innovation programmes.
Source: PIB
Q1. Which ministry launched the TIDE 2.0 Scheme?+
Q2. What is the primary objective of TIDE 2.0 Scheme?+
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