Govt to set up 51 startup incubators

Last Updated at: November 04, 2019
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Govt to set up 51 startup incubators

In yet another move to enhance the startup ecosystem, the government is planning to set up 51 startup incubators across the country. The incubators will be set up as part of the Ministry of Electronics and Information Technology’s (MeitY) Technology Incubation and Development of Entrepreneurs (TIDE) scheme 2.0.

According to reports, the MeitY stated that organizations that are into higher learning and R&D organizations with incubation facilities would be able to send the applications before 30 June for the scheme. 

The 51 TIDE centres have been categorized into – Group 1 Centre (G1C), G2C and G3C based on fulfilling conditions with respect to the number of incubation centres, and years of experience in offering incubation services, along with tie-ups with industry bodies and large enterprises.

G1C – incubators with 6 centres that would be offering deep support, which include mentoring, capacity building, investment and post-investment advisory. G1C category incubators must have had 3 years of experience. All the 6 centres would be having a PAN-Indian presence.

G2C – incubators with 25 centres and 2 years of experience and would be offering support to aspiring entrepreneurs and students

G3C – would be encouraging entrepreneurship in unexplored regions. G3C must have 20 incubation centres.

Get Your Company Registered

The ministry stated that TIDE 2.0 scheme would offer financial and technical support to more than 2,000 startups, in the Information and Communication technology space, involving latest technological trends like blockchain, artificial intelligence, robotics and the internet of things in “pre-identified areas of societal relevance” – Healthcare, Education, Agriculture, Environment among others.

The TIDE scheme was launched in 2008 by the Department of Electronics and Information Technology (DeitY) and under the scheme, nearly 27 centres managed by academic bodies, private and government bodies and corporate existed till November 2018.

TIDE 2.0 would ensure synergistic linkages among the TIDE centres, theme-based incubation centres, and other platforms. It will be supporting tech startups.

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what is the validity period of MSME Registration Certificate ?

MSME Registration Certificate is valid till lifetime for manufacturing business, service and MSME expert help. MSME Registration is required for tenders, loans and tax benefits. More about Udyog Aadhar Registration.

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The ITR-V is a form that is generated for the tax payer when he/she files the tax returns electronically. It helps to authenticate the ITR filing when submitted electronically. More on Income Tax Return Filing

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The replacement of ISO 9001:2008 is the ISO 9001: 2015. The replacement was developed on September 23, 2015. 2015 indicates the revision year. Learn more about ISO Certification.

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Since the NGO is not related to the Government, its usage should be avoided to prevent wrong assumptions in the minds of the people. More info on NGO Registration in india.

Govt to set up 51 startup incubators

444

In yet another move to enhance the startup ecosystem, the government is planning to set up 51 startup incubators across the country. The incubators will be set up as part of the Ministry of Electronics and Information Technology’s (MeitY) Technology Incubation and Development of Entrepreneurs (TIDE) scheme 2.0.

According to reports, the MeitY stated that organizations that are into higher learning and R&D organizations with incubation facilities would be able to send the applications before 30 June for the scheme. 

The 51 TIDE centres have been categorized into – Group 1 Centre (G1C), G2C and G3C based on fulfilling conditions with respect to the number of incubation centres, and years of experience in offering incubation services, along with tie-ups with industry bodies and large enterprises.

G1C – incubators with 6 centres that would be offering deep support, which include mentoring, capacity building, investment and post-investment advisory. G1C category incubators must have had 3 years of experience. All the 6 centres would be having a PAN-Indian presence.

G2C – incubators with 25 centres and 2 years of experience and would be offering support to aspiring entrepreneurs and students

G3C – would be encouraging entrepreneurship in unexplored regions. G3C must have 20 incubation centres.

Get Your Company Registered

The ministry stated that TIDE 2.0 scheme would offer financial and technical support to more than 2,000 startups, in the Information and Communication technology space, involving latest technological trends like blockchain, artificial intelligence, robotics and the internet of things in “pre-identified areas of societal relevance” – Healthcare, Education, Agriculture, Environment among others.

The TIDE scheme was launched in 2008 by the Department of Electronics and Information Technology (DeitY) and under the scheme, nearly 27 centres managed by academic bodies, private and government bodies and corporate existed till November 2018.

TIDE 2.0 would ensure synergistic linkages among the TIDE centres, theme-based incubation centres, and other platforms. It will be supporting tech startups.

Can you backdate GST cancellation?

It is necessary to cancel GST registration within 3 weeks of closing or selling or transferring or changing business structure. Understand the procedure for GST registration and GST returns here.

what is the validity period of MSME Registration Certificate ?

MSME Registration Certificate is valid till lifetime for manufacturing business, service and MSME expert help. MSME Registration is required for tenders, loans and tax benefits. More about Udyog Aadhar Registration.

What is an ITR-V?

The ITR-V is a form that is generated for the tax payer when he/she files the tax returns electronically. It helps to authenticate the ITR filing when submitted electronically. More on Income Tax Return Filing

What is ISO 9000:2008 and ISO 9001:2015?

The replacement of ISO 9001:2008 is the ISO 9001: 2015. The replacement was developed on September 23, 2015. 2015 indicates the revision year. Learn more about ISO Certification.

Can I use words like “National” in NGO name?

Since the NGO is not related to the Government, its usage should be avoided to prevent wrong assumptions in the minds of the people. More info on NGO Registration in india.

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A lawyer with 14 years' experience, Vikram has worked with several well-known corporate law firms before joining Vakilsearch.