MeitY TIDE 2.0 Grant at PSG-STEP

PSG-STEP, in collaboration with the Ministry of Electronics & Information Technology (MeitY), runs the TIDE 2.0 Prototype Development Grant. This program provides grant funding of up to ₹7 lakhs per startup to help nascent, early-stage technology ventures transform a proven Proof-of-Concept (PoC) into a Minimum Viable Product (MVP) or prototype. The focus areas include Fintech, EduTech, Healthcare & MedTech, Environment & Clean Tech, AgriTech, and other emerging technologies. Startups leveraging IoT, AI, Blockchain, Robotics, etc., are encouraged to apply. Typically, applicants should be incubated with PSG-STEP as per general TIDE 2.0 scheme guidelines. The grant supports technology development without taking equity, making it an attractive non-dilutive funding option for early-stage innovators.

• Grant of up to ₹7 lakhs to develop PoC into MVP or prototype.
• Non-dilutive funding – no equity taken by MeitY or PSG-STEP.
• Focus on cutting-edge technologies: IoT, AI, Blockchain, Robotics, etc.
• Targets early-stage startups with a proven Proof-of-Concept.
• Covers fintech, edutech, healthtech, cleantech, agritech, and emerging tech.
• Incubation support from PSG-STEP available.

To be eligible for the MeitY TIDE 2.0 Grant at PSG-STEP, startups must have a definite Proof-of-Concept (PoC) and be in the nascent, early stage of development. They must be technology-based, leveraging advanced technologies such as IoT, AI, Blockchain, Robotics, etc. The proposed project should fall under one of the specified thematic areas: Fintech, EduTech, Healthcare & MedTech, Environment & Clean Tech, AgriTech, or other emerging technologies. The grant is intended for startups aiming to develop their PoC into a Minimum Viable Product (MVP) or prototype. While not explicitly stated, applicants are typically required to be incubated with PSG-STEP as per the general TIDE 2.0 scheme guidelines. There is no explicit requirement for DPIIT or MSME registration mentioned.

MeitY TIDE 2.0 Grant at PSG-STEP is open to startups at any stage. It is open to startups registered anywhere in India.

MeitY TIDE 2.0 Grant at PSG-STEP accepts applications on a rolling basis — there is no fixed cut-off date, so eligible startups can apply at any time. Because rolling programmes can pause without notice, confirm the window is still open on the official site before you start.

Selected startups receive a grant of up to ₹7 lakhs to develop their Proof-of-Concept into a Minimum Viable Product or prototype. The funding is non-dilutive, meaning MeitY and PSG-STEP do not take equity in return. The grant can be used for technology development, prototyping, and related activities that move the startup from PoC to MVP stage. Additionally, startups benefit from the incubation ecosystem at PSG-STEP, including mentorship, infrastructure, and networking opportunities.

MeitY TIDE 2.0 Grant at PSG-STEP is offered by PSG-STEP, an academic institution. It is delivered directly by PSG-STEP as a grant. You can verify current details and timelines on the provider's official website before applying.

While the specific selection process is not detailed, based on the program objectives, applicants are likely evaluated on the strength of their Proof-of-Concept, the innovativeness of their technology, alignment with thematic areas, and the potential for their product to address market needs. The process may involve application review, possible presentation or interview, and final selection by a committee. Startups are typically required to be incubated at PSG-STEP to receive the grant.

Before you apply to MeitY TIDE 2.0 Grant at PSG-STEP, keep the following documents ready:

• A pitch deck or short business plan describing the problem, product and traction
• Company registration documents and PAN
• Founder identification (PAN / Aadhaar) and brief profiles
• Recent financial statements or projections
• Product details — a demo, prototype or working link if available

Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.

MeitY TIDE 2.0 Grant at PSG-STEP is best suited for startups in India seeking non-dilutive funding of ₹7L. If that describes your startup, review the eligibility criteria above before applying.