CIIE CO, an Indian business incubator established by IIM Ahmedabad, invites applications from techpreneurs to avail Entrepreneurs in Residence (EiR) support under the TIDE 2.0 Grant scheme in partnership with MEITY Startup Hub. The Grant challenge aims to support tech-preneurs and startups working on emerging deep technologies such as IoT, robotics, AI-ML, blockchain and others in the domains of E-mobility, HealthTech, Cleantech & Smart Infrastructure through financial and technical offerings.
CIIE CO which aims to support financial inclusivity in the startup ecosystem with MEITY Startup Hub is offering an opportunity for early-stage entrepreneurs to avail Entrepreneur-in-Residence (EiR) grant of INR 4 Lakhs or avail product development grants of up to an INR 7 Lakhs. The scheme is a synergical grant with supporting partners including Atal Incubation Centre Banasthali Vidyapith, IIM Udaipur, Pilani Innovation & Entrepreneurship Development Society Incubation Centre.
Commenting on the Grant Announcement in collaboration with MEITY, Vipul Patel, Partner at CIIE CO said, “With this grant, we at CIIE CO, aim to catapult startups in the fields of emerging technologies and support tech-preneurs grow their businesses in pre-identified areas of societal relevance. The program envisions to create a holistic ecosystem to support technology startups through identifying and creating necessary linkages and synergies. Along with the monetary support, we will be offering deep support to startups including mentoring, capacity building, investing, and post-investment advisory. This is a great opportunity for aspiring entrepreneurs to receive a grant to develop their products as a startup & become an Entrepreneur in Residence (EiR).”
In addition to the monetary support, the selected start-ups will also receive portfolio and mentoring support through the CIIE CO team and its network of experts. The selected startups will also get an exclusive opportunity to pitch for follow-on funding through other CIIE CO programs.
CIIE CO is the Innovation Continuum spreading from incubation, acceleration, seed, and growth funding to research. Founded at IIM Ahmedabad in 2002, as an academic centre, it has since grown and pivoted to fill the multiple, ever-evolving gaps in the innovation-driven entrepreneurship space in India. Among its various initiatives, CIIE CO has conceptualised and hosted India’s first and only CleanTech-focused fund, accelerated over 1000 startups, funded over 300 startups, inspired over a million with their publication – Stay Hungry, Stay Foolish.
