SPJIMR’s FinNovate Accelerator Invites the Next Wave of Finance Start-ups

• Admissions Open for SPJIMR’s FinNovate Accelerator Programme for Startups in March’24

Mumbai, January 24, 2024: Bhavan’s S.P. Jain Institute of Management & Research (SPJIMR) is delighted to announce the commencement of enrollments for the upcoming cohort of its FinNovate Accelerator Programme for Start-ups. Following the remarkable success of the previous cohort in 2023, the eagerly anticipated program is scheduled to kick off in March 2024.

FinNovate Accelerator – Nurturing Finance Start-ups

SPJIMR’s FinNovate Accelerator is a groundbreaking initiative designed to help start-ups refine their product-market fit and establish crucial industry connections. This well-structured 4-month program offers unparalleled opportunities for networking, funding, and industry engagement.

In the last cohort, over 100 FinTech start-ups competed for a spot in this exclusive 10-seater program. Those securing a spot underwent a transformative journey, with close to 50% refining their product-market fit through strategic pivots. Additionally, start-ups gained access to senior business leaders from esteemed institutions such as ICICI Lombard, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank, etc., which are strategic partners to the accelerator. The four-month journey culminated in a two-stage fundraising demo day that attracted participation from nearly 30 investors, including notable names like Mumbai Angels, ah! Ventures, Blume Ventures, Prime Ventures, Pentathlon Ventures, 3One4 Capital, Jupiter Money, IIFL, and more.

Key Highlights of the Programme:

1. Unrivaled Business Access: Start-ups gain exclusive opportunities to build insightful industry connections across leading BFSI institutions like ICICI Lombard, Federal Bank, HDFC Bank, ICICI Bank, Yes Bank, IDFC First Bank, ICICI Prudential AMC, SBI, etc.
2. Transformative Mentorship: Supported by over 30 CXO mentors, the FinNovate Programme provides guidance and deep industry expertise to help founders sharpen their product-market fit.
3. Fundraising Opportunities: The program enjoys active support from more than 30 investors, along with the Sunil & Rita Bhatia Foundation, which has set up the Sunil Bhatia Start-up Hub at SPJIMR.
4. Start-up Curriculum: Beyond mentoring, start-ups benefit from a comprehensive 30+ hour curriculum spread across 5 modules, focusing on pitches, achieving product-market fit, understanding leadership dynamics, and navigating legal and valuation aspects.
5. Cost & Equity Free: The FinNovate Programme is offered to start-ups on a cost and equity-free basis, ensuring an accessible and supportive environment for their development.

Finally, select start-ups from each cohort are invited to join the Accelerator Plus program, an exclusive 12-month initiative tailored for exceptional start-ups, emphasizing fundraising, impactful outcomes, transformations, and strategic pivots.

Continuing the Legacy: Shaping the Future of Finance

As the BFSI sector evolves, FinNovate remains at the forefront, shaping the future of finance through innovation, collaboration, and unwavering support for visionary entrepreneurs. The accelerator’s commitment to excellence and its proven track record make it the ideal platform for start-ups seeking to make a lasting impact in the financial services industry.

For more information, visit FinNovate Accelerator.

Watch the Film: FinNovate Accelerator Video