Deadline: 30-Sep-21
The Startup India Hub is offering Equitech – Fintech Accelerator Program, it is a collaborative platform for co-creating meaningful and innovative Financial Solutions by Equitas Small Finance Bank and Fintechs together.
Aims
Equitas Bank program aims to:
- To create value for the consumers in India through innovations in Banking Products, Technology and Customer Experience
- To Ideate, Innovate and Incubate Startups in their Journey and Co- Create meaningful and innovative Financial Solutions
- Joint Go-To-Market for the co-created product, thereby enabling business growth for the Fintechs
- Opportunity for Fintechs to showcase their next big idea to investors, market experts with Equitas as the banking partner
Key Focus Tracks for the Cohort
- Financial Inclusion
- Edutech
Incentives
- Non-Fiscal Incentives
- Fintech will get access to Bank strength, platform, compliance, & Governance along with a large customer base of Retails, SME’s, MSME’s & Corporates further support in early adoption of technology
- Support in developing Team & Skills required to run a successful business through Mentors and Co-Founders connect through the program
- Access to Bank’s API Sandbox, core-banking, and other technology supports
- Special Incentives
- Program will Help in Validating the Product for a larger market through intense training by mentors, Investors, & Bank Management and getting it integrated with Bank
- Fintech will be helped in Managing Compliance, Regulatory Guidelines, Global Outreach, Sponsorship, Legal & Accounting Aspects, and Media Coverage from the program
Relevant Stakeholder
- Incubator
- Ideation Stage Startup
- Validation Stage Startup
- Early Traction Startup
- Scaling Stage Startup
Relevant Industry
- Finance Technology
- Education
Relevant Service Type
- Hyperlocal
- Discovery
- Location Based Services
- Online Aggregator
- Peer To Peer
- Platform
- Others
Eligibility Criteria
- The Fintech Startup must be registered/incorporated within the last 6 years on the date of the Accelerator Program opening. Not mandatory for Start-up from Academic Institutions, LLPs and partnership firms.
- Start-ups yearly turnover should not exceed Rs 150 crore for each financial year since the incorporation.
- Should have at least two full-time employees, with a leadership team dedicated as full-time employees. Most important team members should be experts in their particular field.
- The solution should offer innovative products with significant advantages over current industry offerings and represent original ideas wholly-owned with the freedom to use or is licensed by the team.
For more information, visit https://www.startupindia.gov.in/content/sih/en/ams-application/accelerator-program.html?applicationId=6135b654e4b0f62f930c55f2