Bank ltd, Financial services company

HDFC Bank is inviting applications from start-ups and solo entrepreneurs for its smartup grants. Smartup grants by HDFC Bank under - the bank's umbrella CSR brand - is aimed at finding and deploying long-term, sustainable solutions at scale, to address social issues and contribute to the economic and social development of the country.This year, the bank will focus on start-ups creating social impact at scale in sectors such as education - technology (ed-tech) and skill development, among others.To screen, mentor, and monitor start-ups, HDFC Bank has partnered with nine start-up incubators registered with Govt of India's MeitYplatfrom. The nine incubators are from premier institutes and include: IIT - Delhi, IIT - BHU, AIC BIMTECH Noida, IIM Kashipur, GUSEC Gujarat, C-CAMP Bangalore, Banasthali University - Jaipur, Villgro Incubation - Chennai, and T - HUB Hyderabad.How to apply and process:1. Start-ups making social impact can send in their applications by . The application window opens today and closes on Feb 16, 2021.2. Further, the bank's incubator partners and the smartup team will jointly scout for start-ups.3. Bank and incubators will jointly reach out and engage with start-ups through the SmartUp portal hosted on Ministry of Electronics and Information Technology (MeitY's) platform4. Incubator partners will screen and shortlist applications and the SmartUp team will select finalists.5. Finalists will pitch their start-ups to a jury comprising senior Management of the Bank.Evaluation criteria:1. Market reach, penetration and scalability of product2. Degree of social impact in beneficiaries' lives3. Economic viability of product at scale"We begin the new decade with a renewed focus to enable and nurture social sector start-ups," said Smita Bhagat, Country Head - Government, E-commerce and Start-ups, HDFC Bank. "Our partnership with incubators will mentor the winners to scale up their ideas. Enterprises working in the social sector are doing commendable work in changing the lives of millions of Indians. SmartUp grants is one way of offering our support and encouragement in this journey. We want to be a pillar of support for social entrepreneurs who want to bring a positive change to the society."This story is provided by BusinessWire India. will not be responsible in any way for the content of this article. (/BusinessWire India)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Bank LtdFOLLOW

Bank ltd, Latest News

HDFC Bank said on Saturday it recorded 18 per cent year-on-year growth in its standalone profit at Rs 8,186 crore for the Janaury to March quarter on account of low base in the corresponding period. ...

HDFC Bank, the second largest lender in India by deposits, said on Monday its advances aggregated to Rs 11.32 lakh crore as of March 31, marking a growth of 13.9 per cent over Rs 9.93 lakh crore a year ago. ...

HDFC Bank was adjudged the 'India's Best Bank for SMEs' at the Asiamoney Best Bank Awards 2021. In its evaluation the magazine said on its website - "HDFC Bank's transformation of its micro, small and medium-sized enterprise (MSME) business over the ...

Mumbai, March 25 The key Indian equity indices continued to decline on Thursday, with the BSE Sensex losing ... ...

HDFC Bank's "Mooh Band Rakho" campaign about safe banking practices successfully conducted its 1,000th workshop this March. The bank had launched a 360-degree campaign in November 2020 to educate people about Cyber Frauds and Secure Banking ways to c ...

HDFC Bank on International Women' Day announced the launch of SmartUp Unnati, a dedicated programme for mentoring women entrepreneurs by women leaders at the bank. ...

Aurangabad, Feb 19: To simplify the tax payment system, the Aurangabad Municipal Corporation (AMC) has introduced the facility of ... ...

HDFC Bank is inviting applications from start-ups and solo entrepreneurs for its smartup grants. Smartup grants by HDFC Bank under #Parivartan - the bank's umbrella CSR brand - is aimed at finding and deploying long-term, sustainable solutions at sca ...