MeitY TIDE 2.0 Grant at PSG-STEP — Frequently Asked Questions
Answers to the questions founders most often ask about MeitY TIDE 2.0 Grant at PSG-STEP — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
How much funding is offered under the MeitY TIDE 2.0 Grant at PSG-STEP?
The program provides grant funding of up to ₹7 lakhs per startup.
What is the application deadline?
The deadline is not specified. It is recommended to check the official source for the latest deadline.
Who can apply for this grant?
Nascent, early-stage, technology-based startups with a definite Proof-of-Concept (PoC) that are looking to develop it into a Minimum Viable Product (MVP) or prototype. The startup should be leveraging technologies like IoT, AI, Blockchain, Robotics, etc., and the project must fall under thematic areas such as Fintech, EduTech, Healthcare & MedTech, Environment & Clean Tech, AgriTech, or other emerging technologies.
Do I need to be incorporated or have DPIIT/MSME registration?
The eligibility criteria do not explicitly require DPIIT or MSME registration. However, applicants are likely required to be incubated with PSG-STEP as per general TIDE 2.0 guidelines.
Does the grant take equity?
No, the grant is non-dilutive. The funding is provided as a grant and does not require giving up equity.
What documents are typically needed for application?
The specific documents are not listed, but you generally need to provide details about your startup, Proof-of-Concept, technology stack, and how the grant will help develop the MVP. It's best to check the application portal for exact requirements.
How do I apply?
You can apply through the official application portal at https://psgstep.fibenis.org?utm_source=startupgrantsindia.com.
What are the thematic focus areas?
The focus areas include Fintech, EduTech, Healthcare & MedTech, Environment & Clean Tech, AgriTech, and other emerging technologies.
Can I apply if my startup is not yet incubated at PSG-STEP?
Based on general TIDE 2.0 scheme guidelines, applicants are typically required to be incubated with PSG-STEP. You may need to seek incubation first.
What is the selection process?
The detailed selection process is not specified. However, applicants are likely evaluated on the strength of their PoC, technology, alignment with themes, and market potential.
Who offers MeitY TIDE 2.0 Grant at PSG-STEP?
MeitY TIDE 2.0 Grant at PSG-STEP is offered by PSG-STEP, an academic institution. It is provided as non-dilutive funding.