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SBI Foundation, under SBIF LEAP, has launched the 'Innovators for Bharat' initiative to support high-impact incubators providing incubation to startups working to address pressing development challenges in India.
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SBI Foundation has partnered with Villgro, an Indian social enterprise incubator, to launch the 'Innovators For Bharat: Climate Resilient Agricultural Livelihoods' program.
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The program will provide up to 15 high-potential startups with equity seed funding, grant capital and incubation support, such as strategic mentoring for business scale-up, opportunities for field pilots, access to rural distribution networks, and more.
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The program will deploy a total of Rs 325 crore, through a combination of grant and equity, with Villgro and SBI Foundation providing the financial support.
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The program is open to early MVP stage startups and mature growth-stage companies, including agritech and agri fintech, focusing on themes like climate resilient agriculture, reducing post-harvest losses, and more.
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