Admissions open for SPJIMR’s FinNovate Accelerator programme for Start-ups in March’24
January 23, 2024
Bhavan’s S. P. Jain Institute of Management & Research (SPJIMR) announces the commencement of enrolments to the next cohort of its FinNovate Accelerator Programme for Start-ups. Following the resounding success of its last cohort in 2023, the next edition of this eagerly anticipated programme is set to kick off in March 2024.
FinNovate Accelerator – Transforming start-ups in finance
SPJIMR’s FinNovate Accelerator is a pioneering effort to help start-ups sharpen their product market fit & build industry connects. This structured 4-month programme provides start-ups with unrivalled opportunities for networking, funding, and industry connects.
In the last cohort over 100 FinTech start-ups vied for a coveted spot in this 10-seater programme. The start-ups who secured a spot went through a transformative journey where close to 50% refined their product market fit through strategic pivots. In addition, the start-ups got access to senior business leaders at leading institutions such as ICICI Lombard, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank etc. which are strategic partners to the accelerator. The start-up’s four-month journey culminated in a two-stage fund raising demo day which attracted participation from nearly 30 investors. The impressive lineup included notable names like Mumbai Angels, ah! Ventures, Blume Ventures, Prime Ventures, Pentathlon Ventures, 3One4 Capital, Jupiter Money, IIFL and many more.
Key highlights of the programme:
In the upcoming March’24 cohort, the selected start-ups can anticipate a host of benefits as given below:
- Unrivalled Business Access: Through SPJIMR’s strategic partnerships with leading BFSI institutions, start-ups gain exclusive opportunities to build insightful industry connections across institutions such as ICICI Lombard, Federal Bank, HDFC Bank, ICICI Bank, Yes Bank, IDFC First Bank, ICICI Prudential AMC, SBI etc.
- Transformative Mentorship: The FinNovate Programme is supported by over 30 CXO mentors who have volunteered to give guidance and extend their deep industry expertise to help the founders sharpen their product market fit.
- Fund Raising Opportunities: The Programme enjoys active support from more than 30 investors in the region; in addition to the Sunil & Rita Bhatia Foundation which has set up the Sunil Bhatia Start-up Hub at SPJIMR.
- Start-up Curriculum: Beyond mentoring, the start-ups benefit from a comprehensive 30+ hour curriculum spread across 5 modules. These modules focus on developing engaging pitches, achieving product market fit, understanding leadership dynamics, navigating legal and valuation aspects.
- Cost & Equity Free: The FinNovate Programme is offered to start-ups on a cost and equity free basis to ensure an accessible and supportive environment for their development.
Finally, a few start-ups from each cohort are extended an invitation to join the Accelerator Plus programme. This exclusive 12-month initiative, tailored for exceptional startups, places emphasis on fundraising, impactful outcomes, transformations, and strategic pivots. With dedicated mentors and well-defined milestones, startups enrolled in this extended programme are guided along a more extended pathway to achieve sustained success
Continuing the legacy: Shaping the future of finance
As the BFSI sector continues to evolve, FinNovate remains at the forefront, shaping the future of finance through innovation, collaboration, and unwavering support for visionary entrepreneurs. The accelerator’s commitment to excellence and its proven track record make it the ideal platform for startups seeking to make a lasting impact in the financial services industry.
For more information, visit FinNovate Accelerator.
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About SPJIMR
S. P. Jain Institute of Management and Research (SPJIMR) is a constituent of Bharatiya Vidya Bhavan (BVB), India’s acclaimed and oldest educational trust. With its unique and distinctive approach to management education, SPJIMR aims to influence managerial practice and advance wise innovation through its teaching, research, and community engagement.
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