The Fintech Accelerator Program
60 Days to Fintech Innovation with T-Hub & IFSCA
Leverage IFSCA’s Sandbox and Get Licensing Opportunities
Previous slide
Next slide
Menu
Menu
Previous slide
Next slide
The Fintech
Accelerator Program
Accelerate Your Fintech Journey: 60 Days to Success
with IFSCA’s Exclusive Sandbox and Licensing Opportunity
About the Program
The FinTech Accelerator Program, a pioneering initiative by T-Hub in collaboration with IFSCA, is tailored to empower fintech startups ready to redefine the financial landscape. Over the course of 60 transformative days, selected startups will receive exclusive access to the IFSCA Sandbox and Licensing opportunities, facilitating a unique environment for innovation and regulatory compliance.
Objective
The Fintech Accelerator Program is meticulously designed to help fintech entrepreneurs navigate the complexities of the sector, overcome market-specific challenges, and accelerate their journey from concept to market readiness. The program promises a comprehensive growth trajectory supported by expert mentorship from industry leaders, substantial financial grants, and beneficial tax incentives.
T-Hub & IFSCA Collaboration
The FinTech Accelerator Program is a partnership between T-Hub and the International Financial Services Centres Authority (IFSCA), united by a shared vision to elevate the fintech ecosystem. This collaboration harnesses T-Hub’s expertise in fostering innovation and entrepreneurship with IFSCA’s regulatory insights and industry frameworks to provide a nurturing environment for fintech startups.
Focus Areas
Remittance & Payments
Crowd Lending
Digital Lending
Buy now pay later (BNPL)
Open Banking
Digital Bank
Benefits for Startups
Access to co-create in the IFSCA Sandbox
Business readiness program by T-Hub
Grants up to
INR 75 Lakhs
Tax benefits offered by IFSCA
Funding Support by IFSCA
- FinTech Start-up grant - Grant support upto Rs.15 lakhs for developing a product/service or ‘go- to-market’ initiatives
- Proof of Concept (PoC) grant- Grant support upto Rs.50 lakhs for building the proof of concept
- Sand-box grant- Grant support upto Rs.30 lakhs to experiment with innovative products or services in a sandbox environment of IFSCA
- Green FinTech Grant- Grant support upto Rs.75 Lakhs for developing solutions facilitating sustainable finance and sustainability linked finance
Eligibility
- Startups should be registered and based in India.
-
Product/ solution offering should solve customer problems
across industry domains leveraging Fintech capabilities. - Innovative product/ solution ready for commercialization.
-
Start-ups with early traction in terms of customers and revenue will
be given preference - Startups looking at international geographies
Eligibility
- Startups must be legally registered and headquartered in India
- The product or solution should be ready for commercial launch
- Startups can have plans or the potential to expand into international markets
- The product or solution should address customer challenges using fintech technologies
- Preference will be given to startups that already show early customer acquisition and revenue generation
Program Partners
About IFSCA
IFSCA is a unified regulatory authority for development and regulation of financial products, financial services and financial institutions in India.
As a step towards promoting startups, IFSCA has introduced Sandboxes where entities operating in capital markets, banking, insurance, financial services and FinTech firms will be provided with certain flexibilities and facilities to test their solutions.
About T-Hub
T-Hub (Technology Hub) is a premier Innovation hub and ecosystem enabler based in Hyderabad, India. T-Hub leads India’s pioneering innovation ecosystem and strives to create an impact for startups, corporations, and other ecosystem stakeholders.
Incorporated in 2015, T-Hub has provided 2000+ national and international startups access to superior technology, talent, mentors, customers, corporates, investors, government agencies, and other innovation ecosystem stakeholders.
Program Schedule
FAQs
FTAP – The FinTech Accelerator Program is a 60-day transformative program consisting of methodologies to facilitate innovation and expedite growth for fintech and techfin startups. The program is run by T-Hub Foundation and supported by IFSCA. The program supports early-stage startups with innovative products and solutions in the Fintech space.
- Programmatic intervention by T-Hub and its associated mentors
- Mentoring Support from Fintech experts and from Business Experts
- Chance to get associated to IFSCA through the exclusive sandbox
- Tax benefits and grants up to INR 75 Lakhs from IFSCA
Yes. As this is a sector-agnostic Fintech accelerator program any startup in the Fintech domain can apply for this program. However, preference will be given to startups with innovative products and at scale stage with early traction.
This acceleration program is structured as a hybrid accelerator program. Startups are not mandated to work physically from the accelerator space.
Yes. You are eligible to apply if your startup has already received grants/awards/investments from other agencies. This would add value to your startup in many ways.
We will evaluate and select startups for this program based on their unique and innovative solutions, along with a strong team and early traction in the fintech domain. The decisions will be made by the selection committee’s recommendations.
Applicants need to match the following:
- You’ve established a startup registered and operating in India
- Your focus lies within the realm of fintech or Techfin; defined by IFSCA
- Your groundbreaking product or solution is prepared for commercial release
- Preference will be given to startups with innovative products or solutions that have gained early traction in terms of customers and revenue
No. Multiple applications are not allowed for this program. Your first application will be considered as the final application for evaluation.
This is a completely sponsored program. T-Hub won’t charge you any application fees for the program.
The evaluation process will consist of two rounds. Following the initial selection, shortlisted startups will be invited to deliver a brief pitch to the final selection committee.
The pitching process will be held virtually.
You will be informed about all the details through your mail ID.
For any query, write to us at czarina.arora@t-hub.co
Apply Now
©2024 T-Hub