Social Innovation Lab by Citi, an incubator that focuses on social impact start-ups, has selected 29 start-ups to receive grants and mentoring. Indian Institute of Technology Kanpur (IIT Kanpur) and T-Hub (an innovation hub), along with Citi, selected these early- and growth-stage start-ups across agritech, fintech, and healthtech.
The shortlisted start-ups will receive mentoring, go-to-market strategy support, seed funding, networking and scaling opportunities.
As many as 23 early-stage startups will receive a kick-off grant of ₹10 lakh each, while the remaining six growth-stage startups will receive ₹20 lakh each, aggregating ₹3.5 crore.
“India is witnessing a massive technological transformation led by startups specially in the agritech, healthtech, and fintech sectors. To continue building this transformation, startups need access to funds and the right mentorship,” M Srinivasa Rao, Chief Executive Officer of T-Hub, said in a statement on Thursday.
The start-ups in agritech and healthtech domains would receive access to IIT Kanpur’s infrastructure and mentoring at its technology business incubator.