APPLICATIONS

What kind of businesses can apply?

We are looking for technology-focused startups (India or globally based) currently innovating in Financial inclusion & literacy, Security and Fraud Prevention and Customer and Risk analytics.

Do we have to be from India to participate in the program?

No, but if you are selected for the program you are required to move to Vizag for three months.

What role is APEITA going to play in the Accelerator and what commitment has it made?

We are committed to supporting entrepreneurs and startups. We along with our partners will provide tools, equipment and facilities plus support for startups to get their products or services to market. Our mentors will be able to give you unparalleled advice with networking, marketing, PR, pitching and more - helping you accelerate the development of your company.

What happens after I submit an application?

Startups can fill in the application form online where you can let us know about your team, product and the market currently operating in. All the questions are targeted to understand the startup in totality. Shortlisted startups will be invited for presentation over Skype or in-person. Post this, final selection of startups for the cohort is announced.

When will I know about being invited to Selection Days?

If you are invited to Selection Days we try to let you know at least one week in advance so you can plan accordingly.

I have recently been funded; can I still apply for the program?

Yes, of course. As an accelerator, our main focus is to provide guidance and mentorship itself. If your idea is disrupting enough, we are ready to back you up.

Can I apply if I am already funded by any other organization?

Yes, all startups with an existing product along with a growing customer base are encouraged to apply.

How will the participating companies be selected? What is the criteria?

Fintech Accelerator program is looking for startups that possess: - Innovative product/technology solution capable of disrupting traditional banking - Passionate team: Background of Founders & their vision for the startup - A scalable product with a sustainable design/architecture



PROGRAM

How are mentors allocated?

Mentors are allocated after careful matching of startups area of operation and mentor expertise. Mentors can be business heads from partnering financial institutions or industry veterans.

What is duration and structure of the cohort?

It is a 12 week program with startups required to be based out of Vizag fintech hub

Do I have to giveup equity share to participate in the program?

No, we don't take up equity in your firm.

Does APEITA provide accommodation/travel during onsite intervention weeks?

No, however a separate help desk will be provided to assist you in finding an accommodation.

Can participating startups work with multiple business units at a financial institution?

Yes, startups may avail the opportunity to work with multiple business units during the cohort

What will a typical day be like for Accelerator participant?

Every day will be different. Throughout the program, you can expect a lot of meetings with mentors, CEOs, innovators and industry visionaries.

What guarantees can APEITA make to companies who get into the program?

We will support accepted companies by providing facilities, mentors, visibility and engagement around business opportunities that emerge from this program.

Is a participating company's product or service guaranteed to be used or distributed by the financial institution?

No, there are no guarantees. It is entirely up to the corporate's discretion as to whether or not they want to enter into any commercial arrangement with a participating company after the program.

LOCATION

Can I take part of the program without moving to the program city?

No, this program requires the team to be present in Vizag fintech hub

Do I need to stay in that city after the program is finished?

Even though it is not mandatory, we encourage start-ups to setup their operations based out of Fintech Valley.

Will you help with Visas?

We will connect you with some of the people that can help, but it is up to the startup to apply and get the approval for Visas from authorities.

Is accommodation provided part of the program?

Case to Case evaluation will be done and help desk will be set up to help the selected teams.