SBI Startup Launchpad – Pilot your solution with SBI & win USD 50,000 worth cash prize

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SBI STARTUP CHALLENGE

The Indian Banking & Financial Services industry will be constitute a significant part of the USD $5 Tn Indian economy (2025). The Government of India rolled out a series of initiatives & products to further enhance the growth rate of the sector, such as Digital India (with over 500 Mn internet users), India Stack (open API styled digital infrastructure), Jan Dhan Yojana (with over 330 Mn bank accounts opened), BHIM UPI.

Invest India & SBI join hands to support top Indian startups that have developed a global product that can solve major problems of the Indian banking industry. SBI will support the winners by providing cash prizes and pilot opportunities. 

1st Prize – USD 25,000  ||  2nd Prize – USD 15,000  ||  3rd Prize – USD 10,000

These prizes will be given to winners across 4 tranches, as follows

* Proof of concept on public cloud server (10%)

* Proof of concept on premise (20%)

* Deployment of prototypes on production (30%)

* Full fledged scale up (40%)

(refer below for phase wise details)

Stakeholder

Relevant Stakeholder

  • Individual
  •  
  • Ideation Stage Startup
  • Validation Stage Startup
  •  
  • Early Traction Startup
  • Scaling Stage Startup
 
Detailed Eligibility Criteria
Entrepreneurs with highly innovative ideas, business models that solve for any of the below mentioned problem statements are invited to apply.

Relevant Industry

  • Marketing
  •  
  • Aeronautics Aerospace & Defence
  •  
  • AI
  • Analytics
  •  
  • Animation
  • AR VR (Augmented + Virtual Reality)
  • Architecture Interior Design
  •  
  • Art & Photography
  • Automotive
  •  
  • Chemicals
  • Telecommunication & Networking
  •  
  • Computer Vision
  • Construction
  •  
  • Dating Matrimonial
  •  
  • Design
  • Education
  •  
  • Non- Renewable Energy
  • Renewable Energy
  •  
  • Green Technology
  • Enterprise Software
  •  
  • Events
  •  
  • Fashion
  • Finance Technology
  •  
  • Food & Beverages
  • Technology Hardware
  •  
  • Healthcare & Lifesciences
  • Human Resources
  •  
  • Internet Of Things
  •  
  • IT Services
  • Media & Entertainment
  •  
  • Nanotechnology
  • Pets & Animals
  •  
  • Professional & Commercial Services
  • Real Estate
  •  
  • Retail
  •  
  • Other Specialty Retailers
  • Robotics
  •  
  • Safety
  •  
  • Security Solutions
  • House-Hold Services
  •  
  • Social Impact
  • Social Network
  •  
  • Sports
  •  
  • Textiles & Apparel
  • Transportation & Storage
  •  
  • Travel & Tourism
  • Advertising
  •  
  • Agriculture
  •  
  • Others
  •  
  • Logistics
  • Airport Operations
  •  
  • Waste Management
  • Passenger Experience

Themes for Challenges

  • Banking & Financial Services

Problem Statement

Credit Rating

Credit Decision Making Model for lending to retail customers (who have no credit history) using publicly available data

Predictive Analytics

Predictive Analytics model for loan delinquency prediction for retail customers

Fraud Detection

Real Time Fraud Detection for suspicious transactions (such as ATM, Cheque, INB etc.) using AI/ML/RPA

Cyber Security

Advance Warning System for cyber threats

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