Applications are invited for the NITI Aayog & HDFC Bank Parivartan StartUp Grants for Non-Profit Incubators, Accelerators & CSRs. The last date for the application is Nov 15, 2023.
NITI Aayog’s flagship program – Atal Innovation Mission (AIM) has been at the forefront of promoting a culture of innovation and entrepreneurship. AIM has partnered up with HDFC Bank to augment the support system for Incubators and accelerators from across India. The incubators & accelerators will further seek, select, support and nurture technology-based social impact startups that solve sectoral challenges of national importance and add to Sustainable Development Goals (SDGs).
The HDFC Bank Parivartan StartUp Grants was launched in 2017 under the HDFC Bank’s Parivartan (CSR) and StartUp vertical. The program contributes towards social development in India by supporting emerging innovative startups working in the social space via incubators. Over the 6 cohorts, the program has disbursed ~Rs.45 crore in grants via 75+ incubator partners and a cumulative ~250 Startups have received financial support for developing impactful solutions across the Environment, Agri Business, Education, Waste Management, Affordable Healthcare, Skill Development, Technologies for Better Governance, Sustainable Rural Economy, Economic Growth of SMEs and Gender Diversity & Inclusion.
During FY 2023–24, the HDFC Bank Parivartan StartUp Grants intend to provide grant assistance to 15-20 incubators and accelerators to further support 40-50 potential social impact startups.
Non-profit incubators (CSR Eligible) or Incubators and Accelerators or entities eligible as per provisions in Schedule VII (ix) under section 135 of the Companies Act, 2013
Proposal in prescribed format, Experience of managing programs for social impact startups, Full-time Managing team etc.
Selected Incubator/Accelerator to receive grants for further capital infusion in the associated social impact startups.
[November 2023 – December 2023]
[December 2023 – January 2023]
[February 2024 – MARCH 2024]
The last date for the application is Nov 15, 2023.
