To discover, develop and scale innovative Fintech Solution that empower Startups and MSMEs in getting timely and adequate finance from formal sector with preparation of Bankable Business Project Report and Financial Projections.
Program Details
Detailed Eligibility Criteria
All Startups having valid DPIIT registration certificate and MSMEs having valid Udyam Registration Certificate
Relevant Stakeholder
- Accelerator
- Incubator
- Investor
- Mentor
- Individual
- Ideation Stage Startup
- Validation Stage Startup
- Early Traction Startup
- Scaling Stage Startup
- Corporate
Relevant Industry
- Finance Technology
- IT Services
Lack of Expert Support for preparation of Financial Projections & Business Project Reports
MSMEs and startups often struggle to submit required Business Project Reports and Financial Projections with loan applications to the lenders due to lack of expert knowledge as well as limited and cost effective experts / consultants, limiting their ability to approach lenders to get the formal Finance.
Low-Quality Financial Submissions Lead to Rejections
Due to the absence of professional financial guidance, MSMEs and startups frequently submit non-bankable project reports and projections, leading to high rejection rates from lenders.
Incentives
Non-Fiscal Incentives
• Incubation and Mentorship support to 25 top applications• Podcast with selected 5 startups on the “MSME Helpline’ YouTube Channel having more than 10 lakh subscribers and 4.6 crore viewership.• Assistance in marketing of the product to 25 top applications• IPR Assistance to 100 Startups/ MSMEs
Procedure Post Submission
Challenge StagesThe challenge will be conducted in 2 stages:• Preliminary Round (Stage 1) : Idea proposal submission
• Final Round (Stage 2): Pitchdeck presentation
