FinBlue is an initiative by STPI at Chennai to help provide resources such as mentoring, technology support and funding for FinTech start-ups. FinBlue offers an integrated program for start-ups to scale up through its incubation facility. The FinBlue Incubation program includes premium plug and play co-working space for tech start-ups and offers access to the Fintech ecosystem which comprises user bankers, financial institutions, mentors, investors and a platform to support GoToMarket strategy

Who can apply:

Company Type
The start-up must be incorporated as a
• Private Limited Company (as defined in the Companies Act, 2013) or
• Registered Partnership Firm (Regd. under section 59 of the Partnership Act, 1932) or
• Limited Liability Partnership (under the Liability Partnership Act 2008) The date of registration/incorporation must not be beyond 10 years.
• The challenge invites the proposals/applications from Indian Start-ups who are working in domain related to software product development
• Start-ups registered with DPIIT under the start-up India programme are encouraged to participate in this programme.
• Individual Academicians, Researchers, Educators, Entrepreneurs, partnership firms, LLPs may also participate, however, if they are selected then they will have to register as a private limited company in a stipulated time (preferably within 3 months).

Focus Areas:

FINTECH CATEGORIES
1. TRADING
2. BANKING
3. LENDING
4. REMITTANCE
5. INSURANCE
6. RISK AND COMPLIANCE
7. WEALTH ADVISORY
8. FINANCIAL INCLUSIONS
9. SAVING
10.PAYMENT

HORIZONTALS ACROSS THESE CATEGORIES
Digital KYC, Digital/ Document Management, Risk Management Compliance, Regulation, Data Sciences / Big Data / Analytics, Artificial Intelligence/ Machine Learning, Biometrics, Virtual Reality, Blockchain in Financial Services, Security and authentication.

Selection Process:
• For ensuring that the best start-ups are selected, a rigorous & stringent screening process shall be followed.
• Designated committee(s) shall screen & evaluate the applications.
• The screening & evaluation may be multi-stage.

Last date to receive applications: 21st March 2021.