IIITD-IC FinTech Grand Challenge – ₹5L Grant

IIIT Delhi Innovation & Incubation Center (IIITD-IC)

Banking Technology Innovations, Compliance Automation Systems, Cross-Border Payment Systems, Digital KYC Solutions, Digital Payments Infrastructure, Financial Inclusion Technology, FinTech, Lending & Credit Platforms, SME Financial Enablement, Subscription Payment Infrastructure, Technology, Threat Detection Technology

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₹500,000.00

IIITD-IC FinTech Grand Challenge – ₹5L Grant

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Application Start Date

November 23, 2025

Deadline to Submission

December 15, 2025

Shortlist / Result Announcement Expected Date

January 31, 2026

Eligibilie Stages

Prototype Stage, MVP Stage, Early Revenue Stage, Growth Stage

N.B.

Ensure your startup has valid DPIIT registration and addresses one of the seven specific problem statements (Fraud Detection, SME Enablement, Financial Inclusion, Lending Infrastructure, Digital KYC, Cross-Border Payments, or Recurring Payments). Have a working prototype or MVP ready for demonstration. Clearly articulate how your solution solves a real FinTech problem, the market size, competitive differentiation, and scalability potential. Prepare comprehensive documentation including pitch deck, product demo, and customer validation evidence if available.

Grant Application Direct URL

https://www.startupindia.gov.in/content/sih/en/ams-application/challenge.html?applicationId=6900a427e4b063a5bedbc3d4

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The IIITD-IC FinTech Grand Challenge is a national initiative launched by the IIIT Delhi Innovation & Incubation Center in strategic partnership with Startup India, Decentro, and NAB (National Australia Bank). This challenge aims to identify and empower promising FinTech startups developing innovation-driven, scalable solutions to address critical challenges in India’s financial services sector.

Program Objective:

This grand challenge focuses on solving specific problem statements within FinTech, fostering financial inclusion and making it a reality through technology-driven innovations. The program provides startups with a platform to scale their fintech vision, validate technology, and integrate with the IIITD-IC incubation ecosystem.

Key Problem Statements:

The challenge addresses seven critical areas in FinTech:

Fraud Detection & Compliance Automation – Advanced AI/ML solutions for detecting fraudulent transactions and automating regulatory compliance
SME Fintech Enablement – Digital solutions enabling small and medium enterprises to access financial services
Financial Inclusion & Accessibility – Technologies expanding financial access to underserved populations
Lending & Credit Infrastructure – Innovative credit assessment and lending platforms
Seamless KYC & Digital Onboarding – Frictionless customer verification and onboarding solutions
Cross-Border Payments & Global Money Flows – Solutions facilitating international transactions
Recurring Payments & Subscriptions – Automated payment infrastructure for subscription-based models

Financial Support Package:

Selected startups receive a ₹5 Lakh prize pool (distributed at IIITD-IC’s discretion), plus a 50% waiver on virtual incubation fees (current fee: ₹30,000/year). Top solutions may be considered for possible acquisition or Technology Transfer (ToT) by industry partners.

Value Proposition:

Beyond capital, participants gain mentorship from domain experts and industry leaders, networking opportunities with investors, banks, and corporate FinTech entities, and pilot opportunities facilitated in collaboration with partner financial institutions. This comprehensive support accelerates market readiness and investor connections.

Strategic Impact:

This challenge represents India’s commitment to strengthening its FinTech ecosystem, addressing real-world financial challenges through innovative technology solutions while providing startups the resources needed to scale and succeed.

Eligibility

DPIIT Registration – Must be a DPIIT-recognised startup with valid recognition certificate from Startup India

Startup Stage – Open to early-stage through growth-stage startups with working solutions

Problem Alignment – Solution must address one or more of the seven identified problem statements in FinTech

Technology Focus – Innovation-driven solutions leveraging technology for financial services

Scalability – Demonstrable potential for scaling across Indian/global markets

Working Solution – Must have prototype, MVP, or deployed solution (not just idea stage)

Team Capability – Experienced team with domain expertise in FinTech/technology

Market Validation – Preference for startups with early customer traction or pilot deployments

Compliance Readiness – Understanding of financial services regulations and compliance requirements

Location Eligibility

Pan-India (All Indian States and Union Territories) – IIITD-IC FinTech Grand Challenge welcomes DPIIT-registered startups from across India. There are no geographic restrictions. Startups can be based anywhere in India and apply through the Startup India portal.

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