Futurance (with HDFC Life)
A programme by RIIDL, Somaiya Vidyavihar University (Research Innovation Incubation Design Labs)
An open-innovation call riidl designed with HDFC Life for insurance-adjacent startups; one edition has run and no new intake is published.
At a glance
| Best for | MedTech, MarTech and HRTech startups that want to pilot with an insurer |
|---|---|
| Run with | HDFC Life |
About Futurance (with HDFC Life)
Futurance is HDFC Life's open-innovation programme, designed with riidl, for startups and enterprises building for the insurance sector. It is between intakes — riidl reports one completed edition and has not announced another.
What you get
- A route to pilot with HDFC Life, including a demo day in front of riidl and HDFC Life leadership
- Industry expertise and partnerships with corporate stakeholders
Who can apply
- Tech-focused startups in MedTech, MarTech and HRTech
How selection works: In the edition riidl reports, over a hundred startups applied, seven were shortlisted for a demo day with riidl and HDFC Life leadership, and three were selected for proof-of-concept work with the insurer.
How to apply: No open form is published. Ask riidl at riidl@somaiya.edu whether another edition is planned.
Where to apply
Other RIIDL programmes
- Incubationriidl's main intake for startups already registered as a Private Limited company, run as a hybrid programme with workspace, labs and mentoring.
- Pre-incubationThe track for teams that are not yet a Private Limited company, reached through the same application form as incubation.
- SoilBoxriidl's agriculture and climate programme, run with OmniActive Health Technologies' Innovation Leadership Fund, which gives selected startups grant support and mentoring.
- HDFC Parivartan Manufacturing Acceleration ProgramA manufacturing acceleration programme riidl runs under HDFC Bank's Parivartan CSR initiative, with grant support for a small number of impact-driven startups.
- NIDHI-SSS (Seed Support System)The Department of Science and Technology's seed support scheme, which riidl lists among its own government funding programmes and has put its startups through.
- MSInS Seed FundThe Maharashtra State Innovation Society seed fund, open to startups registered in Maharashtra and routed through approved incubators like riidl.
- Startup India Seed Fund Scheme (SISFS)DPIIT's seed fund, which riidl lists among its government programmes and has supported startups under, as both grants and convertible debentures.
- SAMRIDHMeitY's accelerator scheme for IT startups; riidl says it was selected under it to back five IT startups with matching investment.
- NIDHI PRAYASDST's prototyping support for young innovators, which riidl lists among its programmes and for which it has set up a dedicated lab on campus.
- NIDHI-EIR (Entrepreneur in Residence)DST's entrepreneur-in-residence scheme, listed among riidl's government programmes, which places entrepreneurs inside institutions and incubators.
- Lab bookingriidl's five labs can be booked directly through its site, without being incubated first.