Ministry of Electronics and Information Technology (MeitY) took an initiative to launch Technological Incubation and Development of Entrepreneurs (TIDE) scheme in the areas of Electronics and ICT in the year 2008 to assist Institutions of Higher learning to strengthen their Technology Incubation Centres and thus enable young entrepreneurs to initiate technology startup companies for commercial exploitation of the technologies developed by them.

1. Set-up / Strengthen the Technology Incubation Centres and thus nurture technology entrepreneurship development
2. Promote product-oriented research and development
3. Encourage and accelerate the development of indigenous products and packages
4. Bridge the gap between R&D and commercialization.

The incubation centers provide a host of services to new enterprises and facilitate linkages that are congenial for their survival and growth. The centres also established network with Angel Investors and Venture Capitalists who provide mentoring and financial support to the start ups; enable them to mature over a period of 2-3 years; and commercialize their activities. The involvement of the faculties of the institute in the technology start-up activity reinforces teaching and research, strengthens linkages between education and industry, and also better aligns education to meet market requirements.

The selection is done on the basis of a detailed techno-commercial proposal, including a business plan, submitted by prospective entrepreneur(s). The proposal is evaluated on its technical merits and commercial viability by a committee of experts who would recommend the level / duration / and terms of support to the prospective entrepreneur(s).

1. On approval of the same by the Management Board of TIDE, and
2. On formation of the Company and signing an agreement with TIDE. The TIDE centre regularly monitor the progress of the Company.