TIDE 2.0 Scheme:
The Union Minister for Electronics and Information Technology informed the Rajya Sabha about the 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.
- It is implemented through empowering incubators in India and handholding close to 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 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.
