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FinGlobe CoE First Open Challenge
FinGlobe CoE First Open Challenge
The Centre of Entrepreneurship on FinTech, established by STPI in collaboration with the Government of Gujarat, aims to foster innovation in the financial technology sector. The FinGlobe CoE, located at STPI-Gandhinagar, GIFT-City, provides an incubation facility for FinTech and TechFin startups. Its objective is to encourage startups to develop products and services that can revolutionize the financial system, motivating traditional financial firms to invest in technology and adapt to changing customer trends.
Eligibility Criteria
  • Applicants must be Indian citizens.
  • Indian startups or companies working in Financial Technologies are invited to apply.
  • Applicants must be incorporated as a Private Limited Company, Registered Partnership Firm, or Limited Liability Partnership.
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    List of Benefits
    Offerings:
  • Access to Sandbox Bank Environment, Industry APIs & Payment Gateway.
  • Plug & Play incubation space.
  • Training and technical support.
  • Mentoring and industry connections.
  • Financial assistance (seed funding).
  • Networking opportunities and high-speed internet access.
  • Access to credits from ecosystem partners.
  • Sponsorship to national-level events and invitations to technical seminars/workshops.
  • Access to funding agencies/VCs and IPR-related support services.
    Benefits & Support Of Regulatory Authorities:
  • Facilitation to access IFSCA's Regulatory and Innovation Sandbox.
  • Eligibility to apply for the IFSCA FinTech Incentive Scheme 2022.
  • Access to Overseas Regulators’ Sandbox and listing on international exchanges within IFSC for capital raising.
  • Terms & Conditions
  • Selected startups must share 5% equity with STPI.
  • Time slots for utilizing the facilities must be booked in advance.
  • Startups interested in availing physical incubation space may approach STPI.
  • Focus Areas
  • Financial Technologies: Banking, Payment, Lending, Trading, Remittance.
  • Customized FinTech Solutions: RegTech, EduTech, DeepTech, MediTech.
  • Selection Process
    The selection process includes three phases:
  • Phase 1: Online contest portal for applications.
  • Phase 2: Shortlisting of Ideas, POCs, and Solutions.
  • Phase 3: Selection through pitch-in sessions.
  • How To Apply
    Certainly! Here is the step-by-step application process:
    1. Visit Our Official Website.
    2. Take your time to carefully read all the information provided about the program details.
    3. Click on the "Register" button on the website. Complete the registration form with required details.
    4. After successful registration, Use the received credentials to log into your account.
    5. Once logged in, Click on the "Apply" button.
    6. You will be directed to the application form. Fill in all the required details accurately.
    7. Before submitting, review all the information you have provided.
    10. After that, Click on the "Submit” button to submit your application.
    Note: "As a free user, you're encouraged to share this valuable information with your friends to access the link properly."

    Prizes

    FinGlobe CoE First Open Challenge
    SCHOLARSHIP PROVIDER
    Government Of India
    APPLICATION DEADLINE
    10 May
    EDUCATION LEVEL
    All
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    The Centre of Entrepreneurship on FinTech, established by STPI in collaboration with the Government of Gujarat, aims to foster innovation in the financial technology sector. The FinGlobe CoE, located at STPI-Gandhinagar, GIFT-City, provides an incubation facility for FinTech and TechFin startups. Its objective is to encourage startups to develop products and services that can revolutionize the financial system, motivating traditional financial firms to invest in technology and adapt to changing customer trends.