Department of Electronics and Information Technology’s (DeitY) Technological Incubation and Development of Entrepreneurs (TIDE) scheme was launched in the year 2008. The total duration of the TIDE is for 3 years. The Scheme would be revised before the end of the 3rd year based on the implementation feedback.
The Scheme has multipronged approach in the area of Electronics, ICT and Management. Some of the broad objectives of the scheme include the following. Setting up and strengthening Technology Incubation Centres in institutions of higher learning, nurture Technology Entrepreneurship Development for commercial exploitation of technologies developed by them, promoting product oriented research and development, encourage development of indigenous products and packages and bridging the gap between R&D and commercialisation. At present the scheme is being implemented at 15 TIDE centers. Eventually the scheme proposes to support 27 TIDE centers and 2 virtual incubation centres over a period of 4 years.
Recognizing the importance of Technology Incubation, many institutions of higher learning have already taken initiatives to nurture this activity. Steps include policy measures, creating appropriate frameworks, infrastructure support, entrepreneurial- training and IPR facilitation. The incubation centers provide a host of services to new enterprises and facilitate networking. The centre networks with Angel Investors and Venture Capitalists(VCs) who provide mentoring and financial support to the startups The centre also enables the tenant companies to gradually mature over a period of 2-3 years and then shift to a commercial place for transacting actual business. The faculty is keenly involved in startup activity thus ensuring interaction between education and industry and alignment of education with the market requirements. DeitY provides financial and policy support for strengthening technology incubation activity with the promise that this would in the long run result in indigenous development of products and packages in Electronics as well as IT sectors.
For Further Information
Ms. Geeta Kathpalia
Telephone: +91-11-24363128 (Office)