● The initiative is supported by the Bill & Melinda Gates Foundation, J.P. Morgan, MetLife Foundation, the Michael & Susan Dell Foundation and Omidyar Network
● Selected startups to get access to several services including capital support upto INR 25 Lakh for market validation and investor connections alongside expert guidance, technical assistance by MSC Consulting and service partner support worth over 50 Lakh
In an effort to continue bringing the benefits of technological progress to underserved populations, CIIE.CO’s Bharat Inclusion Initiative (BII) is all set to host a roadshow for city’s budding entrepreneurs and innovators, inviting applications to provide incubation and acceleration support on the sidelines of its 6th Financial Inclusion Lab Cohort launch. The team will next be hosting the roadshow at Chandigarh, Punjab on 22nd April, MSC Office 5:00 PM onwards.
Bharat Inclusion Initiative is hosting these exclusive roadshows in 15 cities of India and connected with over 750 startups across different states. Aimed to support innovations that aid in making mainstream financial products more inclusive for low-and-middle-income households and micro-enterprises at scale, BII hosted roadshows in all major cities like Delhi, Gurgaon, Bangalore, Mumbai, Hyderabad, amongst others, where they invited early stage startups and entrepreneurs building for low and middle income (LMI) segments in purpose-driven areas across FinTech, Livelihood, and skilling. BII is inviting startup applications across sectors who are building disruptive solutions for Bharat with the goal to enhance livelihood opportunities and financial health of lower-income participants. It aims to enable startups to build contextualised solutions for the underserved communities.
Commenting on the announcement, Sandeep Koujalgi - VP - Bharat Inclusion Initiative - CIIE. CO, said “We are thrilled with the response so far and look forward to more path breaking ideas at our roadshows. The participation in the Cohort is an opportunity for the startup founders to network with industry leaders and likeminds. Through the initiative we aim to empower young entrepreneurs with opportunity, capital, mentorship, insights and more to become the next industry disruptors.”
The roadshow will host budding entrepreneurs followed by a brief introduction on the CIIE.CO’s role in accelerating, incubating and supporting startups through their various programs. The selected startups will have access to contextualised bouquet of services including capital support upto INR 25 Lakh for market validation and investor connections alongside expert guidance, technical assistance by MSC Consulting and service partner support worth over 50 Lakh. Some successful startups who have benefited through the program include Fintech startup CreditHaat, Health tech startup Qonect, FLYK, MissCallPay, Mool, Microfinance.ai, Arboreum, GreyMatter and Yes!poho
Building an ecosystem of entrepreneurs enabling scale through innovative products and partnerships to reach low-income customers residing in remote areas, BII is serving domain knowledge, training, financial support, mentorship and market access they need to bring inclusive, for-profit businesses to life. It supports businesses serving the Indian mass market through programs, fellowships and funding where possible. Supported by Bill & Melinda Gates Foundation, J. P. Morgan, Michael & Susan Dell Foundation, MetLife Foundation, Omidyar Network, and in collaboration with MSC Consulting, BII has incubated more than 42 startups in the past 5 Cohorts, who have cumulatively raised over $80 million in funding serving 30 million customers.
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