IT Innovation Start-up Engagement Programme (IT-ISEP)

Transcription

1 IT Innovation Start-up Engagement Programme (IT-ISEP) State Bank of India has launched an IT Innovation Start-up Engagement Programme with the following objectives: To gather deeper and collaborative understanding of the startups. To encourage IT start-ups to leverage the benefits of Digital India and Make in India programmes and in the process contribute to the development of products and services for the banking sector. To harness the capabilities of innovative young entrepreneurs for developing ground breaking ideas at a low cost to the Bank. Encourage these startups to transfer technology to SBI in particular and to the industry and society at large. Highlights The IT Innovation Start-up Engagement Programme (IT-ISEP) has been established with an initial outlay of 50 crore. Under the programme, SBI shall consider investments and debt/structured engagements of up to 3 crore to an Indian registered entity for promoting their business innovations using IT in India for banking and related technology. The type of financial assistance can be in any one or combination of the following: Equity / Quasi Equity / Mezzanine Equity Loan of Long term / Structured Financing Joint IPR / Restricted IPR Perpetual unlimited free license for use of technology across State Bank Group. Resources and skilled manpower costs for POCs and innovation Any other form satisfying the objectives of the programme. Application Process Entities who qualify as start-ups as defined in G.S.R. 180(E) dated 17th February, 2016 of MINISTRY OF COMMERCE AND INDUSTRY (Department of Industrial Policy and Promotion), Government of India or any amendment thereto and are registered with an Incubator recognised by the Government of India (list published at will be eligible for being considered under this program and are required to apply online here. No documents are required to be submitted at the stage of making the application. Upon submission

2 of the application form online, the system will generate a reference number which can be used for further tracking of the application. Bank will evaluate the entities through a multi-stage process, and the outcome of the evaluation will be communicated to the entity in writing. The outcome will also be available for viewing online on this portal. Status Enquiry Enter your registration number for knowing the status: CAPTCHA Submit Further Information Should you need any further clarification, please write to us at startup@sbi.co.in.

3 Information Technology Innovation Start-up Engagement Programme Start-up Application Form (Amount to be mentioned in lakhs) # Information Required Response by Start-up 1 Registered name of start-up 2 Date of establishment 3 Constitution Registered Partnership 4 Address of corporate office 5 URL of corporate website 6 Names of all the initial founders 7 Names of all the current promoters (attach resumes in the prescribed format) 8 Team size (excluding promoters) 9 Brief description of product/service 10 Brief description of business model 11 Differentiation and monetary value of the product / service for banking industry 12 Total initial capital by founders 13 Current capital Ltd. Liability Partnership Pvt. Ltd. Co. 14 Capital infusion by Incubation Fund/ Angel Fund/ Private Equity Fund/ Accelerator/ Angel Network duly registered with Securities and Exchange Board of India 15 Name and address of investors (mentioned in 14 above) 16 Has the valuation of the start-up been during the past 12 months by an external entity? If Yes, give name of the valuing entity, date of valuation and the valuation amount. Name: Date: 17 Loans availed, if any. Source:

4 18 Gross revenue of previous 3 years Year 19 EBIDTA of previous 3 years Year 20 Net profit of previous 3 years (attach audited financial balance sheet) Year 21 Type of financial assistance sought from SBI Equity without IPR Equity with Joint IPR Equity with Restricted IPR Mezzanine Equity Short Term Loan Long Term Loan Equity with perpetual, unlimited free license for use of the technology in State Bank Group Grant 22 Purpose for the financial assistance 23 Revenue projections for next 3 years Year 24 Are you agreeable to allowing the Bank to conduct a process audit of your entity? 25 Do you qualify as a start-up as defined in G.S.R. 180(E) dated 17th February, 2016 of MINISTRY OF COMMERCE AND INDUSTRY (Department of Industrial Policy and Promotion), Government of India or any amendment thereto? 26 Are you registered with an Incubator recognised by the Government of India (refer for details) Yes / No Yes / No Yes / No

5 27 If 26 is Yes, provide name of the Incubator (Name and Signature of Authorised person) Date : Note: 1. Answer to items 25 and 26 must be Yes, in order to be eligible. 2. No documents should be submitted along with the application. However, documents as required will be called for if the application is found to be prima facie suitable for further evaluation.

6 Format for Resume (Submit separate form for each promoter) Name* Address* Mobile Number* Date of Birth* Current Residential Address* Permanent Residential Address PAN* Aadhaar No. Career Abstract Key I.T. Skills Certifications/Trainings

7 Employment History Core Competencies* Accomplishments Academics (give from graduation onwards)* * Mandatory Note: Input in each box should not exceed 250 words.