Last date to apply: October 22,2024
RBIH and IIITB Innovation Center have jointly launched a fintech pre-incubation program. This program is designed to nurture early-stage startups by guiding them through the journey from idea to MVP (Minimum Viable Product). By providing them with the resources, mentorship, and guidance necessary to bring their innovative ideas to life, the program ensures that entrepreneurs can rapidly prototype and validate their concepts. Leveraging the expertise and network of both institutes, the program accelerates the development of cutting-edge financial technologies that address critical challenges in the sector, ultimately driving the growth and transformation of fintech in India.
Key Takeaways
Incubation opportunity
Product development facility
Fintech Masterclasses & Mentorship
Program Certification
Eligibility criteria
Startups meeting one or more of following criteria:
- Co-founders of early-stage Fintech ventures
- Students and working professionals with innovative ideas
Timeline
Applications open: Sept 23, 2024
Applications close: Oct 22, 2024
Program Kick off: Nov 4, 2024
Certification: Feb 28, 2025
Partners
Program Partner
Technology Partner
Knowledge Partner
FAQs
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Is the program limited to certain geographic regions?
No, we accept early-stage ideas from across the country. There are no geographical restrictions.
Is the program focused on a specific sector?
Yes, the program is specifically focused on the FinTech sector.
Can I apply if my startup is not yet incorporated?
Yes, entity incorporation is not required at this stage. You can choose to incorporate your startup/venture during the program or at a later time at your discretion.
Can I apply as an individual without a team?
Yes, you can apply as a solo participant. You shall also have the opportunity to connect with potential co-founders during the course of the program.
Will I receive a certificate?
Yes, upon successfully completing the program, you will receive a certificate of participation.
Does the program require a fee to participate?
Yes, the participation fee for selected candidates is INR 3,500 per participant which will be collected by IIITB Innovation Center (Implementation Partner)
About Reserve Bank Innovation Hub (RBIH)
The Reserve Bank Innovation Hub (RBIH) – a wholly-owned subsidiary of the Reserve Bank of India (RBI) – is an organisation that enables frictionless finance to a billion Indians. RBIH functions as a focal platform, bringing together members of financial, technologies and academic institutions, to promote and accelerate innovation across the financial sector. With a robust ecosystem that enables the exchange of ideas, research and development of prototypes, RBIH aims to not only strengthen the Indian financial system but also keep India at the forefront of global financial innovation.
About IIITB Innovation Centre
IIITB IC brings together startups, government agencies, corporate and institutional partners, industry mentors, and eminent academicians from its parent institution IIITB. We collaborate with exceptional researchers, innovators and communities to co-create innovation, startups, knowledge and socially-relevant solutions using digital technologies, for a range of problems.
For queries, write to us:
manugowda.ms@iiitb.ac.in / manager-incubation@iiitb.ac.in / startups@rbihubmail.in
Terms & Conditions
- The selection of applicants for the program will be at the sole discretion of the organisers. The organisers’ decision regarding the selection of applicants is final and cannot be appealed.
- Acceptance into the program does not guarantee funding, investment with IIITB IC or Pilot/POC opportunity with Banks.
- The organisers reserve the right to terminate an applicant’s participation in the program if the applicant violates any terms and conditions or exhibits inappropriate behavior.
- Participants are responsible for ensuring that their business complies with all legal and regulatory requirements.
- The organising institutions will not be held liable for any losses, damages, or expenses incurred by the applicants or participants during the application or incubation process.
- All issues and questions concerning the construction, validity, interpretation and enforceability of the terms and conditions, or the rights and obligations of the participant and organisers, in connection with the program shall be governed by, and construed in accordance with the laws of India and the courts in Bangalore shall have jurisdiction over any action arising out of this program, and the venue shall be Bangalore.
- The organiser reserves the right to alter/ amend/ modify any rules of any program at any time without any notice whatsoever.
- All digital data or information provided in connection with the program may be used (saved, stored, processed, transmitted and deleted) by us in accordance with our Privacy Policy, which is hereby incorporated by reference into these event terms.
- You may access organisers facilities for the program (the “Purpose”), and during such visit organiser may disclose, or you may have access to, certain business or confidential information of organiser (“Confidential Information”). You agree: (i) to use reasonable measures to maintain the Confidential Information in strict confidence; (ii) not to disclose the Confidential Information to any third parties; and (iii) not to use the Confidential Information for any purpose except the Purpose. These obligations will continue for five (5) years, except obligations with respect to organiser’s trade secrets will continue in perpetuity, and will not apply to the extent any Confidential Information is now or thereafter becomes generally known or available to the public, through no act or omission by you. You may make disclosures of Confidential Information required by law, regulation, or court order if you (A) send Scale prompt written notice of the required disclosure and (B) cooperate, at organiser’s expense, to prevent or limit the disclosure.
- By submitting the application, applicants agree to be bound by the latest version of the terms and conditions.
IIIT Bangalore Innovation Centre 26/C, Hosur Rd, Electronics City Phase 1, Electronic City, Bengaluru, Karnataka 560100
For further queries, Contact Incubation Manager: manager-incubation@iiitb.ac.in | Phone: 080 41407777