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(Incorporated on 26.09.2012 as a ‘Section 25 Company’ under Companies Act, 1956)

Banasthali Vidyapith aims at developing students’ personality through its five-fold education system (Panchmukhi Vikas) and prepares women to take up leadership roles in all walks of life. In this perspective, Vidyapith has a functional ‘Entrepreneurship Development Cell (EDC)’ that encourages entrepreneurship and self reliance among women by training, research, workshops, competitions, event management etc.

Ministry of Commerce & Information Technology, Government of India communicated the award of prestigious TIDE (Technology Incubation& Development of Entrepreneurs) project to Banasthali Vidyapith via its letter dated 12.03.2012. Under the TIDE scheme Vidyapith could commence the activities of funding & mentoring the budding entrepreneurs in an incubation cell located in the campus but required a separate legal vehicle in form of a Section 25 company. 

On September 26, 2012 the Registrar of Companies, Rajasthan issued a Certificate of Incorporation certifying ‘Banasthali Centre for Technology Incubation and Development of Entrepreneurs’ as a private limited company under section 25 of the Companies Act 1956.  Now with a legal vehicle (acronym: B-TIDE) in place the company would be able to provide risk capital to Entrepreneurs.  B-TIDE would usher new set of opportunities by serving as a boon for commercialising new ideas and has potential to bring laurels to Vidyapith in the time to come.

Objectives of the Centre under TIDE scheme:

  • Launching and sustaining an Incubation Centre in Banasthali Vidyapith by nurturing Technology Entrepreneurship Development for commercial usage in areas of Electronics and ICT.
  • Promoting product oriented research and development.
  • Encouraging development of indigenous products and packages and bridging the gap between R & D and commercialization.
  • And promoting other activities of EDC (Entrepreneurship Development Cell) at Banasthali Vidyapith.


The funding would be available as a mix of loan and equity. The funding in form of loan @ 3.5% per annum (charged on monthly reducing balance) would be made for a duration not exceeding 2 years from date of registration of the company or admission to incubation cell of B-TIDE whichever is later. Maximum funding would be upto Rs. 25 lacs (subject to maximum 80% of project cost and not more than 50% of total funding as Equity Capital). The B-TIDE can sell the Equity Shares at an appropriate time.

Application to B-TIDE

The number of applicants for a business proposal should normally not exceed three. The applicant/s should note the following aspects before applying:

i)        Qualification :

  • Students/Alumni of Banasthali Vidyapith proposing an innovative idea in areas of Electronics and/or ICT with an aim to commercialize the concept and legally eligible to sign a contract.


  • Technology based start-up companies encouraged by entrepreneurs and legally eligible to sign a contract and desirous of R&D partnership in areas of Electronics and/or ICT with the institute or a company, with the target of commercializing a novel technological idea, and setting up a technology business enterprise.

ii)      Eligibility:

Following will be the eligibility criteria for admission to incubation cell: 

  • The company proposed to be incubateed must get registered as a private limited company with RoC (Registrar of Companies). An organization (i.e. Proprietorship or Partnership firm) not registered with RoC would have to do so within 6 months of admission or before the disbursal of seed fund, whichever is earlier.

  • The B-TIDE would consider proposals only in areas of Electronics and ICT. Acceptable businesses would involve innovation, technology-based product, idea or service.
  • Realistic business plan in prescribed format (Annexure I ) exhibiting business details and projections must be submitted during the application phase. 

iii)    Application Procedure :

Step I: Submit Business Plan (B-Plan):  As a first step in the admissions process, the prospective entrepreneur should submit the B-Plan to an Incubation Review Committee (IRC) of B-TIDE, Banasthali Vidyapith. For this, prospective entrepreneur has to fill the business plan in prescribed format (Annexure I ). The business plan can be submitted anytime during the year; however in hard copy form only by addressing it to The Chairman, B-TIDE, Vidya Mandir, Banasthali Vidyapith, PIN 304022, Rajasthan. For any clarifications/follow up an email can be sent on

Step II: Screening: The IRC would evaluate every B-Plan proposal received by it and only if a B-Plan is found appropriate; would ask the prospective entrepreneur to make a presentation before IRC at Banasthali Vidyapith. All communications to applicant/s would be made via email.

Step III: Presentation before evaluation committee (IRC): After evaluating the feasibility of business plan the evaluation committee may ask for additional information from the shortlisted prospective entrepreneurs.