Mumbai, Feb 5, 2025: HDFC Bank has launched the eighth edition of its flagship Parivartan Start-up Grants programme under which 15+ incubators and accelerators have been selected and onboarded to support 50–60 start-ups working in the social impact space. The programme will award grants of up to Rs 50 lakh to selected start-ups, with a total programme budget of Rs 20 crore.
IIT Madras, IIM Ahmedabad Ventures, Villgro,ICAR Pusa Krishi, IIT Guwahati Bionest, ASPIRE – University of Hyderabad, IIM-Calcutta Innovation Park, i-Hub Gujarat, Kerala Start-Up Mission, IFMR Catalyst AIC are among the incubators already shortlisted this year. Over the next few months, these incubators will invite applications from social entrepreneurs across India. This initiative will culminate in a series of "Demo Day" events, showcasing start-ups to the Bank, investors, corporates, and media, ensuring greater visibility and opportunities for these ventures.
The programme will focus on: AI For Social Good, Climate Innovation, Financial Inclusion, Agriculture and Sustainable Rural Economy, Education and Livelihood Enhancement, and Gender Diversity and Inclusion. Selected start-ups will represent diverse regions of India, including Maharashtra, Karnataka, Tamil Nadu, Rajasthan, Uttar Pradesh, Delhi, Haryana and North-East region states.
“Our Parivartan Start-up Grants programme is a testament to our commitment to fostering innovation and addressing critical societal needs. By nurturing social start-ups that are implementing solutions aimed at achieving SDG targets, we aim to support the creation of sustainable, inclusive solutions for communities across India,” said Kaizad Bharucha, DMD, HDFC Bank.
“Through strategic partnerships with incubators and accelerators, we are building a robust start-up ecosystem. The programme empowers entrepreneurs with resources and visibility, enabling them to scale impactful solutions and contribute to India’s development journey. Through the Parivartan Start-up Grants programme we aim to empower these innovative ventures to make a meaningful impact and create a better future for all,” said Arup Rakshit, Group Head, Treasury, HDFC Bank.
Now in its eighth year, the Parivartan Start-up Grants programme continues to empower India’s entrepreneurs who are making a social impact. Since 2017, it has supported over 400 start-ups through more than 120 incubators nationwide, investing significant resources to drive meaningful change.
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