Tides Business Incubator | About Us
Technology Incubation and Entrepreneurship Development Society (TIEDS) has been established to promote innovation and entrepreneurship in the region, To accomplish its goal, TIEDS runs and manages a Business Incubator called Technology Innovation & Development of Entrepreneurship Support (TIDES) Business Incubator hosted at Indian Institute of Technology, Roorkee, TIDES facilitates incubation of new enterprises with innovative technologies by admitting them at its Incubation Centre and provides physical, technical, financial and networking supports and services.
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Business Incubation

Our Program

Admission to TIDES Business Incubator is open to ventures backed by strong technology based ideas.

The applicants must provide the required details and proposal for incubation in the TIDES Business Incubator. Applications for admission to TIDES can be made by individual innovators but the innovators/founders must ensure that a legal entity company is registered within a period of three months from the date of approval of the application for incubation in TIDES. The legal entity must be registered as a private limited company within the meaning of the Companies Act, 1956 and 2013.

Our Process

  • The applicant submits business plan for incubation in TIDES Business Incubator.
  • Business plan is screened by an expert committee for technical, business and financial aspects.
  • For the ventures wanting to use technology, Intellectual Property (IP) or know-how belonging to or developed in IIT Roorkee, the applicant shall first approach IIT Roorkee for transfer of/licensing of/permission to use IP in favour of prospective incubatees companies as per institute IPR and faculty incubation policies. They will initiate a letter to Dean SRIC, IIT Roorkee requesting the transfer of IITR IP in favour of the start-up company intended to be promoted/supported by the inventor.
  • On approval for admission in TIDES Business Incubator, IIT Roorkee will transfer/license IITR IP in favour of the incubatee company promoted/ supported by the inventor
  • If the applicant is not a registered company, the applicant will have to register a company within a period of three months from the date of approval for admission in the Business Incubator.
  • After due diligence incubatee company will enter into necessary agreements for incubation at TIDES Business Incubator.

Facilities

TIDES offers the following infrastructural facilities to its incubatee companies on an individual/shared basis:

Facilities:

  • Office space: Company specific (up to 6 to 8 people team).
  • Internet connection
  • Standard Office Furniture.
  • Uninterrupted Power supply.
  • Printer/Photocopier/Scanner.
  • Teleconferencing facilities.
  • Meeting/Conference room with projection equipment.
  • Access to various laboratory and other facilities of the institute at nominal fee.
  • Pantry facilities.
  • Common secretarial pool/staff (depending on availability of such staff with TIDES Centre).

 

Business Support and Networking:

  • Business plan assistance and guidance.
  • Seed fund support (case-to-case basis).
  • Mentoring support: technology and business.
  • Access to professionals with legal, financial, accounting, IP, and industry expertise.
  • Showcasing events for exhibition of products and solutions.
  • Networking events to facilitate interaction with investors and industries.
  • Training programmes and seminars relevant to entrepreneurs.

Apply For Incubation

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Application

Please download below documents (Business Plan Pitch and Plan Proposal) and after duly filling the details, upload it at the time of applying.