ARE YOU READY TO CATALYZE THE NEXT GENERATION OF FINANCIAL SERVICES FOR INDIA?
Apply to the Catalyst Incubator for your chance to receive funding and build Fintech for the Last Mile solutions!
Building for the Last Mile
Catalyst’s vision is to realize an inclusive digital economy that dramatically expands the use of digital payments for all Indians. To date, fintech investment has almost exclusively focused on the top 10-20 crore consumers who are urban, affluent, English speaking, and internet-connected.
While the infrastructure to build inclusive financial services has recently been upgraded with the rollout of UPI, Aadhaar, and India Stack, we are yet to see the power of those systems delivered to end users at scale – hence Catalyst is focused on building solutions for this Last Mile of low income consumers. To realize this mission we will provide funding for organizations creating financial products and services for these traditionally underserved market segments.
AWARD INFORMATION - WHAT DO WE HAVE FOR YOU?
INR 33 lakh of award funding
Mentorship from thought leaders in digital finance, social enterprise and venture capital
Access to real life customers and market clusters in Jaipur to test your product, run pilots and validate customer hypotheses
Access to Catalyst’s research team and on-ground research reports, based on Catalyst’s work with Government of Rajasthan in Jaipur
Opportunity to refine your product and test hypotheses over 6 months in a real life environment culminating in a demo day where you get to present your startup to partner ecosystem
THE APPLICATION PROCESS - HOW CAN YOU APPLY?
Applications are due by September 15th, 2017
We will use a two-step process to select finalists. First, applicants must submit a Pitch Deck which will be evaluated against the Eligibility Criteria. Organizations whose applications fulfill all the Eligibility Criteria will be invited to submit a full application.
We encourage you to apply as early as possible as funds will be allocated on a first-come first-serve basis to organizations with great ideas that meet our eligibility and selection criteria.
PITCH DECK SUBMISSION (PHASE I)
To submit your Pitch Deck, please fill in the Phase I webform and attach the following mandatory materials:
- Pitch Deck in PowerPoint format of no more than 10 slides – Feel free to be creative, but the following information must be included in your Pitch Deck:
Well-defined problem statement – Describe the problem you are proposing to resolve.
A solution strategy – Describe how your idea addresses the problem you propose to solve and the minimum viable product (MVP) you are proposing to develop. We define a reasonable MVP as a combination of services, software, hardware, people and/or code that demonstrates all major features of the proposed solution such that it conveys to any potential user the value proposition and workflow of the product.
A description of the target population you intend to work with, including their income levels and geographic locations.
A short summary budget detailing how much the activity will cost and a breakdown of how much of this total budget will be covered by the Catalyst grant and – how much of it will be covered by funds that the organization is willing to contribute from its own resources (what we call “skin in the game”).
- A copy of your organization’s legal registration that shows it is registered in India and fulfills all the criteria listed in Section 8 (Legal Information) of this APS to be considered an Indian organization.
- All materials must be submitted in English and budget amounts must be in Indian Rupees.
OPTIONAL, BUT NOT REQUIRED PHASE I MATERIAL
(please include links in your pitch deck)
A link to your MVP. Nothing sells better than seeing the actual product!
A one-minute video explanation or pitch of your product by the founding team
FULL APPLICATION SUBMISSION (PHASE II)
If you are invited to this phase, we will require you to submit a more detailed set of materials that outline goals and milestones for the program, and how budgetary funds will be used to achieve them. Full templates will be provided by Catalyst to fulfill these submission requirements. When we’ve received all mandatory materials for your application we will review them against our selection criteria and inform you if you’ve been shortlisted for an award within 3 weeks. Read More
To know more about the program, Click Here