Mumbai: The initiative aims to fund startups working in AI for social good, climate innovation, financial inclusion, agriculture, and sustainable rural development. Other priority areas include education, livelihood enhancement, gender diversity, and inclusion. Selected startups will receive grants of up to ₹50 lakh.
HDFC Bank has partnered with 15 incubators and accelerators, including IIT Madras, IIM Ahmedabad Ventures, Villgro, and ICAR Pusa Krishi, to identify promising social ventures across India. These institutions will invite applications from entrepreneurs working on solutions with significant social impact.
Startup Showcase and Regional Representation
The program will conclude with a series of “Demo Day” events, where funded startups will present their work to investors, corporates, and the media. This platform is expected to provide greater visibility and potential funding opportunities for the selected ventures.
The selected startups will represent various regions, including Maharashtra, Karnataka, Tamil Nadu, Rajasthan, Uttar Pradesh, Delhi, Haryana, and the northeastern states.
Bank’s Continued Commitment to Social Startups
Kaizad Bharucha, Deputy Managing Director at HDFC Bank, emphasized that the bank’s CSR initiative focuses on fostering innovation to address critical societal needs. Arup Rakshit, Group Head of Treasury at HDFC Bank, highlighted the role of incubator partnerships in building a strong startup ecosystem.
Since 2017, HDFC Bank Parivartan has backed over 400 startups through more than 120 incubators. The latest edition of the grants continues the bank’s engagement in supporting social entrepreneurship as part of its broader sustainability and impact-driven initiatives.
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