IBM, under its Global Entrepreneur Program and in association with Edelweiss is organising a startup challenge, IBM Smartcamp for Fintech. As the name suggests, only fintech startups are eligible to apply.
This program is a prelude to the mega challenge IBM India Smartcamp.
As part of this initiative, Edelweiss Group, seeks to invest in early stage tech fintech startups with strong management teams and sustainable business models. This association / partnership will also provide startups an opportunity to commercially engage with Edelweiss to solve various business challenges through their cutting edge solutions.
The top 10 startups will get a chance to pitch their idea to enterprise CEO’s in the fintech space and an audience of 250+ people. Also, they will be presenting to a panel consisting of VCs, IBM Execs, Edelweiss Execs, where they will be getting feedback on their solution as well.
Further, the finalists will get an opportunity to engage with Edelweiss as a client, and as a potential investor through its private equity and venture capital arm. Also, they will have an opportunity to be nominated for the IBM Smartcamp as well.
Who Can Apply
- One need to be a member of IBM Global Entrepreneur Program for applying for this challenge.
- The fintech startups must be working on an innovative technology, which transform or disrupts the financial services space.
- The startup must be less than 5 years in operation.
IBM Global Entrepreneur Program engage with startups in providing them with cloud credits worth $24K/year on Softlayer and Bluemix. Not only they provide technical mentoring, but also assist with go to market and a chance to work with accelerators in India.
The Edelweiss Group is one of India’s leading diversified financial services conglomerates and has sizeable presence in large retail segment through its businesses such as Life Insurance, Housing Finance, Mutual Fund and Retail Financial Markets.
The finals will be held in Mumbai on August 5 this year. The applications will close at July 23rd.
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