Recently, the Union Minister for Electronics and Information Technology provided insights regarding the TIDE 2.0 Scheme during a session in the Rajya Sabha. This scheme aims to enhance technology-based entrepreneurship in India.
The "Technology Incubation and Development of Entrepreneurs 2.0 (TIDE 2.0)" Scheme was initiated in 2019. It focuses on nurturing technology-driven entrepreneurship by offering both financial and technical support to incubators. These incubators primarily assist startups in the Information and Communication Technology (ICT) sector, emphasizing emerging technologies like IoT, AI, blockchain, and robotics.
The scheme empowers 51 incubators across India, supporting nearly 2,000 tech startups over a five-year period. These selected incubators are strategically located within Institutes of Higher Learning and leading Research and Development (R&D) organizations throughout the country. They provide essential expertise, industry connections, and ecosystem partnerships to nurture startups.
Under TIDE 2.0, Centres of Excellence in Intellectual Property Rights (CoE-IP) have been established to assist startups, small and medium enterprises (SMEs), academia, and inventors in the Electronics and IT sectors. These Centres offer various intellectual property-related services, create awareness, and provide training.
This scheme complements other significant government initiatives, including GENESIS, SAMRIDH, Startup India, and various sector-specific innovation programs, thereby creating a comprehensive support system for emerging entrepreneurs in India.
Q1. What is the purpose of the TIDE 2.0 Scheme?
Answer: The TIDE 2.0 Scheme aims to promote technology-based entrepreneurship in India by providing financial and technical support to incubators that assist ICT startups.
Q2. How many incubators are empowered under TIDE 2.0?
Answer: The TIDE 2.0 Scheme empowers 51 incubators across India, facilitating support for around 2,000 tech startups over five years.
Q3. What technologies are emphasized in the TIDE 2.0 Scheme?
Answer: The TIDE 2.0 Scheme emphasizes emerging technologies such as IoT, AI, blockchain, and robotics, fostering innovation in these areas.
Q4. What role do Centres of Excellence play in TIDE 2.0?
Answer: Centres of Excellence in Intellectual Property Rights (CoE-IP) provide support in IP-related services and training to startups, SMEs, and inventors in the Electronics and IT sectors.
Q5. How does TIDE 2.0 complement other government initiatives?
Answer: TIDE 2.0 complements initiatives like GENESIS, SAMRIDH, and Startup India by creating a cohesive ecosystem that supports technology-driven entrepreneurship and innovation.
Question 1: When was the TIDE 2.0 Scheme launched?
A) 2015
B) 2017
C) 2019
D) 2021
Correct Answer: C
Question 2: How many tech startups does TIDE 2.0 aim to support?
A) 500
B) 1,000
C) 2,000
D) 5,000
Correct Answer: C
Question 3: What is a key feature of the TIDE 2.0 Scheme?
A) Focus on traditional industries
B) Support for ICT startups
C) Emphasis on non-technical education
D) Funding for agricultural startups
Correct Answer: B
Question 4: What is CoE-IP under the TIDE 2.0 Scheme?
A) Centre of Excellence in Information Technology
B) Centre of Excellence in Intellectual Property Rights
C) Centre of Employment and Innovation
D) Centre of Environmental Studies
Correct Answer: B
Question 5: Which technology is NOT emphasized in the TIDE 2.0 Scheme?
A) Artificial Intelligence
B) Internet of Things
C) Blockchain
D) Traditional farming methods
Correct Answer: D
Question 6: How many years is the TIDE 2.0 Scheme set to run?
A) 3 years
B) 5 years
C) 7 years
D) 10 years
Correct Answer: B
Question 7: Which government initiative does TIDE 2.0 support?
A) Make in India
B) Digital India
C) Startup India
D) Skill India
Correct Answer: C
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