Finance

SBI Foundation, Social Alpha launch challenge for assistive tech start-ups

SBI Foundation, Social Alpha launch challenge for assistive tech start-ups

Sectoral Gap that the program is designed to Solve

SBI Foundation, Social Alpha launch challenge for assistive tech start-ups

About the program

  1. Poor access to the end users, which not only limits the understanding of the problem statement among innovators and but also restricts rapid user feedback.
  2. Poorly Funded R&D infrastructure- This not only limits the funding needed for initial development but also limits the number of engineering and Design Centres that can provide expertise in designing, testing and certifying.
  3. Limited understanding of the existing value chain and of functioning of Assistive Technology market, which is also characterized by a weak supply chain infrastructure.

If you have a solution to enable people with disability

The challenge is structured to support early-stage assistive technology start-ups. They will be provided with ₹15 lakh for ideating, prototyping and growth. They will also get access to R&D labs for prototyping and infrastructure for scaled-up manufacturing; access to mentors, incubation facilities, industry players and end-users for product testing; and business model validation.

more details https://www.socialalpha.org/


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