Press Release

Application Deadline: May 31 | Cohort Commencing in July

The Centre for Financial Innovation (CFI) at Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management & Research is pleased to announce the launch of the “SPJIMR FinNovate Accelerator” in partnership with Mumbai Angels. This start-up accelerator aims to support the BFSI industry by bringing together promising start-ups, experienced mentors, and industry corporates in an exclusive acceleration programme.

SPJIMR FinNovate Accelerator is designed to foster innovation, collaboration, and growth within the BFSI space. By providing valuable mentorship and facilitating partnerships with angel networks, banks, insurance companies, and asset management firms, CFI offers a platform for start-ups to make a positive impact on the industry.

The Accelerator offers several key advantages:

• Unrivalled Business Access: FinNovate has forged strategic alliances with renowned banks and insurance companies such as HDFC Bank, ICICI Lombard, ICICI Prudential, SBI, and Federal Bank. Start-ups will have the opportunity to showcase their ideas during Demo Days, reaching a wider audience within the BFSI sector.
• Lucrative Funding Opportunities: FinNovate orchestrates a dedicated Demo Day exclusively focused on funding, enabling start-ups to pitch their concepts to a diverse array of venture capitalists, angel investors, and potential backers.
• Expert Mentorship: The programme brings together industry CEOs, seasoned entrepreneurs, investors, and subject matter experts who offer personalised mentoring to selected start-ups.
• Structured Curriculum: The accelerator programme incorporates a well-designed curriculum comprising diverse modules aimed at scaling up start-ups and providing insights into various aspects of the business.
• Networking Prospects: FinNovate offers unparalleled networking opportunities, granting start-ups access to a wide network of ecosystem partners such as AWS, Microsoft, Pier Law, and Outreach Partners like Maharashtra State Innovation Society and Zone Startups. These connections open doors to potential collaborations, partnerships, and growth opportunities.

Furthermore, all these benefits are provided to start-ups at no cost and without any equity obligations.

SPJIMR FinNovate Accelerator is a highly selective and intensive two-month programme designed for finance start-ups in the Seed to Series A stage, with a Minimum Viable Product (MVP).

Applications are now open, and the programme has already received over 150 registrations. The application deadline is May 31, 2023. The first cohort is scheduled to commence in July, and early applicants will be given priority, other things being equal.

For any queries about the programme or in order to reach out to SPJIMR FinNovate, please write to finnovate@spjimr.org

About CFI at SPJIMR:

The Centre for Financial Innovation (CFI) at Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management & Research is a leading hub for fostering innovation, research, and development in the finance industry. Committed to nurturing start-ups and driving transformative change, CFI offers a range of programmes, including the SPJIMR FinNovate Accelerator, to empower budding entrepreneurs and fuel industry growth.

About SPJIMR

S. P. Jain Institute of Management and Research (SPJIMR) is consistently ranked among the top ten business schools in India. With its unique and distinctive approach to management education, SPJIMR aims to influence practice and promote value-based growth through pioneering programmes and pedagogical innovations. For media inquiries, please contact mediarelations@spjimr.org.