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HDFC Bank’s SmartUp Grants invites applications from Social Start-ups

India CSR Network by India CSR Network
February 9, 2021
SmartUp Grant by HDFC

Mumbai: HDFC Bank is inviting applications from start-ups and solo entrepreneurs for SmartUp grants under Parivartan – the bank’s CSR arm.

The Grant 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 MeitY platfrom. 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 clicking here. 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) platform
  4. Incubator partners will screen and shortlist applications and the SmartUp team will select finalists.
  5. Finalists willpitch their start-ups to a jury comprising senior Management of the Bank.

Evaluation criteria

  1. Market reach, penetration and scalability of product
  2. Degree of social impact in beneficiaries’ lives
  3. Economic viability of product at scale

“We begin the new decade with a renewed focus to enable and nurture social sector start-ups,” said Ms. 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 a 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.”

Tags: CSRHDFC Bank CSRHDFC Bank ParivartanSmartUp Grants
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Having millions of readers - India CSR is the largest repository of information and knowledge on CSR in India and offers networking and promotion opportunities of CSR innovations and success. India CSR Network is a leading media organization on Sustainable Development, Corporate Social Responsibility (CSR), Sustainability and related issues in India. The digital platform offers insights on Corporate Governance, Business Responsibility, Human Rights, Sustainability, Sustainable Development, Workplace Safety, Industry 4.0, CSR 2.0 and other Socio-Economic issues. Founded in 2009, the organization aspires to become globally admired media that offers valuable information of its readers through responsible reporting. Business proposal on featuring your CSR and Sustainability success and sponsored posts can be sent to biz@indiacsr.in

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