IIMCIP

About the Program

HDFC Parivartan Startup Grantsis HDFC Bank's strategic CSR initiative aimed at strengthening India's startup ecosystem by providing critical funding to empower social impact startups. This initiative focuses on driving sustainable development in key sectors such as Climate Innovations, Sustainable Agriculture, Education, Skill Development & Livelihoods, Waste Management, Affordable Healthcare, Technologies for Better Governance, Sustainable Rural Economy, Economic Growth of SMEs, and Gender Diversity & Inclusion.

IIM Calcutta Innovation Park in partnership with HDFC Parivartan and Global Disability Innovation Hub (GDIH) introduces the Udgama Accelerator 2025 program to support revenue stage startups from Assistive Technology domain with knowledge, grant and connects.

Program Benefits

The selected Cohort for the Udgama Accelerator Program will have multiple valuable benefits for the selected entrepreneurs.

  • The program will be of 12 months duration
  • 6-7 startups will be selected for the program and will be provided with Mentoring& Knowledge Sessions for 2 months
  • Top 3 startups will be selected for grant upto Rs 10 lakhs
  • Mentorship from IIM Calcutta Innovation Park and GDIH
  • Customized capacity building bootcamps
  • Networking and Market connects

Who Can Apply

The program is for revenue stage startups working in the following domains of Assistive Technology

 

  • Inclusive Education
     
  • Senior Care
     
  • Mental Health
     
  • Rehab & Prosthetics

Timeline

January 3, 2025 - January 31, 2025
Call for Applications:
Pitching of selected startups:
Second week of February, 2025
February, 2025
Top 6/7 announcement:
Diagnostics and 1st bootcamp:
2nd week of February, 2025
February 15, 2025 - March 10, 2026
Mentoring and weekly bootcamps:
Demo day pitching:
March 11, 2025
March 15, 2025
Fund release:
Progress monitoring:
April, 2025 - March, 2026

FAQs

The Parivartan Startup Grants, launched under the HDFC Bank’s Parivartan (CSR) and StartUp vertical is a strategic initiative aimed at strengthening India's startup ecosystem by providing critical funding to incubators that empower social impact startups. This initiative focuses on driving sustainable development in key sectors such as Climate Innovations, Sustainable Agriculture, Education, Skill Development & Livelihoods, Waste Management, Affordable Healthcare, Technologies for Better Governance, Sustainable Rural Economy, Economic Growth of SMEs, and Gender Diversity & Inclusion.

IIM Calcutta Innovation Park (IIMCIP) is a nonprofit company setup under the aegis of IIM Calcutta to promote entrepreneurship and innovation and established itself as a premier hub of entrepreneurship development in East and Northeast India.

IIMCIP has a strong focus on social entrepreneurship and supports technology-enabled innovation with social impact. In the last 8+ years, IIMCIP has reached out to 1 million youth pan India, catalyzed 35,000+ innovative ideas, mentored 5,500+ entrepreneurs, and supported 100+ startups, thereby positioningitselfasoneofthefastest- growingincubatorsinthecountryandathoughtleaderinsocial entrepreneurship space. IIMCIP has till date provided seed funding support amounting to Rs.26 crores to various startups and has facilitated follow-on funding amounting to Rs.1,946 crores for the incubated startups.

GDI Hub is a world-class research and test centre in disability inclusive innovation. After 8 years at the fore front of the disability tech revolution, GDI Hub is primed to 'scale what works' to a new level of global impact.

Based at the Queen Elizabeth Olympic Park, on University College London's new East London campus.

GDI Hub is uniquely positioned to support the establishment of high-impact eco system interventions and investment vehicles that cultivate robust and commercially viable pipelines of scalable and impactful businesses:

  • Legacyfootprintin41+countries
  • Strong reputation as a partner of choice with FCDO
  • Extensive expertise in "testing what works" and investing in the cultivation and development of new ventures
  • Global leadership in the disability tech eco system along side UN agencies, international organizations, governments and private sector giants
  • Trust and credibility amongst 100+partners, entrepreneurs and the innovationsector, particularly in low-and-middle income countries.

  • The program is for growth stage startups
  • Startup to have priority for East and North East markets
  • Startup must be in Assistive Technology sector
  • The applicant should be a citizen of India.

Acceleration provides a quick boost to a startup growth by providing education, resources, and mentorship. Accelerators are typically shorter in duration, ranging from a few months to about a year. They work with companies that already have a minimum viable product (MVP)

An entity shall be considered as a Startup:

  • Upto a period of seven years from the date of incorporation/registration, if it is incorporated as a private limited company (as defined in the Companies Act, 2013) or registered as a partnership firm (registered under section 59 of the Partnership Act,1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008) in India. In the case of Startups in the biotechnology sector, the period shall be upto ten years from the date of its incorporation/ registration.
  • Turnover of the entity for any of the financial years since incorporation/registration has not exceeded Rs. 25 crore
  • Entity is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.

Mentoring involves advising or training an individual or a group of individuals and guiding them pertaining to their respective activity or domain. This involves counseling, training and guidance by experts. A mentor can be any one who helps a new individual learn and understand the nuances of a particular activity/ work/ business/ art/ trade. Mentor usually has long years of hand son expertise in their area of work and have demonstrated success in their field.

In most simple form ‘Equity’ is the promoter money invested in the business. There is more sophisticated forms of equity capital when more investors invests in the business. It is the risk capital the investors bring to the business. The equity capital helps raising debt capital from banks and financial institutions.

It is the borrowed money as loan from institutions like banks, non-banking finance companies (NBFCs) and financial institutions. The loan amount is for a definite tenure and carries an interest on the amount borrowed.

It is a process to identify the various sources of revenue generation of the business. It helps capture the value proposition and revenue sources for the goods and services of any business. A clear revenue model is important for sustainability of the business.

The requirement of any goods and services by the users and customers is defined as market demand. In traditional economics the supply and demand generates the businesses and defines the price of the goods and services. In a globalized world in current times, the market definitions can extend from local to global and the demand can be accordingly assessed. At times the ease of use of an existing service and breaking traditional service methods creates market demand. These are services of “mobile”, platforms like “ola /uber” which has created new demand.

The product/services which are traditionally in the market may be improved upon in a multiple manner so as to differentiate them. The product/service differentiator usually comes with improvement of quality, service and overall standardization. For example, the intervention of technology helped in railway ticket/bus ticket and hotel booking. Similarly, packaging of milk help edit improves ease of handling and sale anytime during the day.

The process of improvement in the existing product/services in its manufacturing/delivery/use and applicability byway of technology and enhances efficiency adding to its value proposition/ benefits is termed as innovation. For example the mobile app services are innovation for delivering product and services which were earlier possible to be delivered only through a computer.

An Enterprise is a legal entity usually small that helps conduct business in a private and profitable manner to any individual or group of individuals. The definition for micro and small enterprises is defined depending on the investment that is made in the core plant and machinery/turnover recorded at the end of fiscal year.

Incubator is a brick and mortar structure which houses the desired support services in terms of management, technology, experts, and common services and as sociated services that is required for helping new business.

Defining the challenges in a business and in production of products or delivery of services in clear terms is a problem statement. Writing a problem statement helps in analysis and arriving at solutions to the challenges.

The business that focuses and registers enough profits so as to serve its own cost of existence and grow on a year on year basis is a sustainable business. The products and services of the business remain relevant in its value proposition and benefits to its customers to be in demand sustain itself.

Terms and Conditions

  1. The information provided through the application will be kept strictly confidential and will be used for the purpose of the program only.
  2. The decision of the organizing team, regarding selection of candidates, is final, firm and binding.
  3. The application and/ or incubation / fellowship will be cancelled if misrepresentation of facts is found at any point of time.
  4. During various stages of the program the participants need to disclose information of the company.

Contact Us

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