Karkala : AIC Nitte, Incubation Centre, a leading incubator fostering social impact start-ups in Medtech, AgriTech, BioTech and SaaS today announced it has been selected as a recipient of the HDFC Bank Parivartan Start-up Grants Program. This prestigious program is designed to foster social innovation and entrepreneurship, supporting startups that are making significant contributions towards social development in India.

HDFC Bank’s Parivartan StartUp Grants program provides funding to incubators and accelerators that focus on social impact startups. This year, 41 incubators and accelerators in the field of social impact entrepreneurship received grants totaling Rs.19.6 crore to support 170 start-ups working across critical focus areas. By providing crucial funding support, this program aims to catalyse innovations that can lead to sustainable social development. This grant will significantly empower AIC Nitte Incubation Centre to continue nurturing and accelerating the growth of innovative social impact start-ups across the nation.

“AIC Nitte Incubation Centre” is delighted to partner with HDFC Bank through their Parivartan Start-up Grants Program. This grant will fuel the growth of purpose-driven start-ups, addressing critical social challenges and building a more equitable future.”

Ms. Neha Agrawal, Senior Vice President, Start-ups, HDFC Bank said, “We are dedicated to fostering impactful social start-ups that drive positive change within our communities. By backing incubators and accelerators, we aim to fortify and cultivate the entire start-up ecosystem in India. Through the HDFC Bank Parivartan Start-up Grants, our goal is to empower these innovative ventures to achieve SDG targets and create a better future for all with their solutions.”

Ms. Nusrat Pathan, Head CSR, HDFC Bank said “Our Parivartan Start-up Grants program reaffirms our steadfast commitment to fostering social innovation and driving positive change in our communities. Innovation is the key to addressing the development needs of society. Through strategic collaborations and targeted investments, we aim to nurture and amplify the impact of innovative social start-ups across critical sectors, ultimately contributing to a more sustainable and inclusive future for all.”

About AIC Nitte Incubation Centre
AIC Nitte Incubation Centre is a Not for Profit Company registered under section 8 of the Companies Act, promoted jointly by Nitte Education Trust and NITI Aayog under the Atal Innovation Mission (AIM) of GOI. AIC Nitte aims to accelerate the entrepreneurial vision of the nation by fostering a start-up ecosystem that converts ideas into successful businesses led by capable and ambitious business leaders. The Centre accomplishes this vision by providing start-ups with valuable expertise and guidance, technological assistance, access to investors, access to markets, networks and industry connections, along with a whole host of other services.
Start-ups also receive direction through the robust chain of Mentors who give sector-specific information and real-time practical guidance. The Incubation Centre has ready-to-use 20,000 sq.ft space for incubation facilities comprising Training, Conferencing, Co-working space and Product Development in which budding entrepreneurs who want to create start-ups in the areas of HealthCare, Agriculture, Biotechnology and IT could be enrolled as incubate to nurture their dreams.

About HDFC Bank Parivartan
HDFC Bank Parivartan is the Corporate Social Responsibility (CSR) initiative of HDFC Bank, India’s leading private sector bank. Committed to sustainable and inclusive growth, Parivartan focuses on critical areas like financial inclusion, education, healthcare, and environmental sustainability. Through innovative programs and partnerships, Parivartan empowers communities and drives positive social change.