HDFC Bank offers SmartUp grants for startups

Mumbai: HDFC Bank has invited applications from startups and solo entrepreneurs for its SmartUp grants.

SmartUp grants by HDFC Bank under #Parivartan - the bank's umbrella CSR brand - is aimed at finding and deploying long-term, sustainable solutions at scale, to address social issues and contribute to the economic and social development of the country, the bank said in a statement. This year, the bank will focus on startups creating social impact at scale in sectors such as Education - technology (ed-tech) and skill development, among others.

To screen, mentor, and monitor startups, HDFC Bank has partnered with nine startup incubators registered with Govt of India's MeitY platform. The nine incubators are from premier institutes and include IIT - Delhi, IIT - BHU, AIC BIMTECH Noida, IIM Kashipur, GUSEC Gujarat, C-CAMP Bangalore, Banasthali University - Jaipur, Villgro Incubation - Chennai, and T - HUB Hyderabad.

Smita Bhagat, Country Head - Government, E-commerce and Start-ups, HDFC Bank, said: "Enterprises working in the social sector are doing commendable work in changing the lives of millions of Indians. SmartUp grants are one way of offering our support and encouragement in this journey. We want to be a pillar of support for social entrepreneurs who want to bring a positive change to society."