New Delhi, Dec. 20 -- As many as 1,706 startups have been supported so far by the government under the Technology Incubation and Development of Entrepreneurs 2.0 (TIDE 2.0) scheme, Union Minister for Electronics and Information Technology Ashwini Vaishnaw informed Rajya Sabha.

The Government of India follows a lifecycle-based approach to support the startup ecosystem. The startups are supported across the entire journey - from idea and proof of concept to prototype development, product development and testing.

As part of this approach, Government of India started the "Technology Incubation and Development of Entrepreneurs 2.0 (TIDE 2.0)" Scheme in the year 2019. It promotes technology-based entrepreneurship by providing financial & tech...