Banking Partner
A Fintech Accelerator by the Reserve Bank Innovation Hub (RBIH) and DLabs at the Indian School of Business (ISB) to bridge the gap between financial services and the informal economy.
Breakthroughs happen here.
Theme
Financial Inclusion for the Informal Economy
The opportunity is massive — According to the IMF, there are 92.4% informal workers in the economy, and as per the Economic Survey of 2017-18, 87% of the firms in the country, representing 21% of total turnover, are purely informal, outside both the tax and social security nets.
Individuals in the informal sector often face challenges including low income volatility, irregular income streams, lack of social security nets, and limited access to credit and savings.
If you’re building towards enhancing access, usage and quality of financial services, including payments, credit and savings, for the informal economy, Build for Billions is the accelerator for you!
Gig Workers
Migrant Workers
Domestic Workers
Street Vendors
Carpenters, Plumbers, Electricians and Construction Workers
Program Structure
A 50-day equity-free Accelerator Program with
Need Assessment
1:1 Mentoring
Pitch to Banks and Investors
Product and Pitch Clinics
Regulatory Readiness Support
Domain Specific Masterclasses
Networking Mixer(s)
Offline Demo Day
*Selected startups will get an opportunity to pilot their idea with Union Bank!
- A demonstrable Prototype / MVP / Product and/or
- Received Seed / Angel / Pre-Series A or Series A Funding and/or
- Generating Revenues
Program Partners
Investor Partners
Ecosystem Partners
About Reserve Bank Innovation Hub (RBIH)
The Reserve Bank Innovation Hub (RBIH) – a wholly-owned subsidiary of the Reserve Bank of India (RBI) – is an organisation that enables frictionless finance to a billion Indians. RBIH functions as a focal platform, bringing together members of financial, technologies and academic institutions, to promote and accelerate innovation across the financial sector. With a robust ecosystem that enables the exchange of ideas, research and development of prototypes, RBIH aims to not only strengthen the Indian financial system but also keep India at the forefront of global financial innovation.
About DLabs at the Indian School of Business (ISB)
DLabs is the incubation and acceleration of ISB that hosts a state-of-the-art space for entrepreneurs to interact, engage and collaborate with mentors, investors and academia. With the primary objective of strengthening entrepreneurship and fostering innovation among the young in India including its student and alumni community, DLabs encourages creativity and innovation in a shared work environment amidst a healthy startup community.
For queries, write to us:
contact@isbdlabs.org / nagaraj_bolakatti@isbdlabs.org