State Bank of India
State Bank of India
State Bank of India's startup desk: a connect form, dedicated startup branches, a fintech incubation programme and startup banking products.
SBI at a glance
| Full name | State Bank of India |
|---|---|
| Address | Maharashtra, India |
| Programmes | 4 standing programmes |
| Official website | sbi.bank.in |
| startup@sbi.co.in |
Programs by State Bank of India
1 past program · Filter all programs
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Programs State Bank of India supports
Programs this organisation funds, run by others. · 1 open now · 0 past
Which SBI programme fits you
4 programmes compared by who they are for, the stage they accept, how long they run and what they cost.
| Programme | Best for | Stage | Duration | Format | Cost |
|---|---|---|---|---|---|
| SBI Fintech Innovation Incubation Program (SBI FIIP) | Developers, startups and entrepreneurs, as individuals or teams, with a fintech-based idea. | — | 12 months | — | — |
| IT Innovation Start-up Engagement Programme (IT-ISEP) | IT startups that hold, or are applying for, DPIIT startup recognition. | — | — | — | — |
| Finance to Startups - MSME UDAAN | Startups, as listed on SBI's startup customised offerings page. | — | — | — | — |
| SBI Startup Connect Form and Startup Dedicated Branches | Startups looking for banking support from SBI. | — | — | — | — |
Programmes they run
Standing programmes at State Bank of India, separate from the funding calls above.
A 12-month fintech incubation with dedicated office space, mentorship and infrastructure in SBI's incubation facilities.
Best for: Developers, startups and entrepreneurs, as individuals or teams, with a fintech-based idea.
- 12 months
What you get, who can apply and how to applyHide details
SBI FIIP is aimed at innovative startups in the fintech domain. It runs for 12 months and gives incubatees dedicated office space, mentorship from business and technology teams, and free infrastructure facilities in SBI's Innovation Centre. SBI is creating these facilities at Navi Mumbai and Hyderabad.
Who can apply
- Developers, startups and entrepreneurs, as individuals or teams
- A fintech-based innovative idea on emerging and new technologies
How to apply
Send an application with full details on the form linked from the programme page. Clarifications on the guidelines go to incubate@sbi.co.in.
An engagement programme for IT startups to work with SBI on products for the banking sector.
Best for: IT startups that hold, or are applying for, DPIIT startup recognition.
What you get, who can apply and how to applyHide details
SBI launched the IT Innovation Start-up Engagement Programme to encourage IT startups to contribute to products and services for the banking sector.
Who can apply
- The company or firm is a startup as on the date of its application to the Bank.
- It holds the DPIIT Certificate of Recognition as a startup, or is applying for it, and will submit the certificate before formal engagement with the Bank.
How to apply
Write to startup@sbi.co.in for clarification.
Fund-based and non-fund-based facilities for startups, with CGTMSE coverage.
Best for: Startups, as listed on SBI's startup customised offerings page.
What you get, who can apply and how to applyHide details
SBI offers fund-based and non-fund-based facilities to startups under this route. Its listed features include a repayment period of up to 10 years, a low margin and CGTMSE coverage.
Check the official page for the current eligibility and terms.
A startup connect form that routes founders to one of SBI's dedicated startup branches.
Best for: Startups looking for banking support from SBI.
What you get, who can apply and how to applyHide details
Founders fill in the STARTUP CONNECT FORM, say how SBI may assist, and choose a preferred SBI Startup Branch. The form lists startup branches in Bengaluru, Chennai, Gurugram, Mumbai, Hyderabad and Pune, among others.
How to apply to State Bank of India
Choosing the right route
- A fintech idea built by a team that can work on a prototype: look at the SBI Fintech Innovation Incubation Program.
- An IT product for the banking sector: look at the IT Innovation Start-up Engagement Programme.
- Bank finance or a current account: start with the startup connect form and a nearby SBI Startup Branch.
How to apply
- Fill in the SBI Startup Connect Form and pick a preferred startup branch.
- For the fintech incubation programme, send an application with full details on the form linked from the programme page. Clarifications go to incubate@sbi.co.in.
- For the IT programme, write to startup@sbi.co.in.
What to know before you apply
- The fintech incubation programme runs for 12 months.
- Incubation is for fintech ideas, so an idea outside fintech is a poor fit for that route.
About State Bank of India
State Bank of India has a startup section brings together a startup connect form, dedicated startup branches, a fintech incubation programme and banking products for startups.
How the startup route works
Founders fill in the SBI Startup Connect Form, say how SBI may assist, and choose a preferred SBI Startup Branch. The form lists branches in Bengaluru, Chennai, Gurugram, Mumbai, Hyderabad, Pune and other cities.
Programmes and products
The SBI Fintech Innovation Incubation Program is a 12-month incubation for fintech ideas, with dedicated office space and mentorship in SBI's incubation facilities at Navi Mumbai and Hyderabad.
The IT Innovation Start-up Engagement Programme is for IT startups that want to work with SBI on products for the banking sector.
SBI also lists a current account for DPIIT-recognised startups, called Shubharambh, and a startup finance route called Finance to Startups - MSME UDAAN, which offers fund-based and non-fund-based facilities and CGTMSE coverage. Check the official pages for current terms.
Who can apply
The fintech incubation programme is open to developers, startups and entrepreneurs, as individuals or teams, with a fintech-based idea on emerging and new technologies. The IT programme is for startups that hold, or are applying for, DPIIT startup recognition. The current account is for DPIIT-recognised startups that are private limited companies, limited liability partnerships or registered partnership firms.
Scale
SBI says its branch network has more than 22,000 branches. Its pages give this as the only network figure.
Who runs it
State Bank of India runs the startup section and its programmes.
Get in touch
Send a message to State Bank of India — we'll forward it on your behalf.
Frequently asked questions about State Bank of India
What is the full form of SBI?
SBI stands for State Bank of India.
What is State Bank of India?
State Bank of India is a corporate based in Maharashtra.
What does State Bank of India do?
State Bank of India has a startup section brings together a startup connect form, dedicated startup branches, a fintech incubation programme and banking products for startups. Founders fill in the SBI Startup Connect Form, say how SBI may assist, and choose a preferred SBI Startup Branch.
Where is State Bank of India located?
State Bank of India is based in Maharashtra, India.
What programs does State Bank of India run?
State Bank of India runs SBI Fintech Innovation Incubation Program (SBI FIIP), IT Innovation Start-up Engagement Programme (IT-ISEP), Finance to Startups - MSME UDAAN and SBI Startup Connect Form and Startup Dedicated Branches.
How do I apply to State Bank of India?
- A fintech idea built by a team that can work on a prototype: look at the SBI Fintech Innovation Incubation Program. - An IT product for the banking sector: look at the IT Innovation Start-up Engagement Programme. - Bank finance or a current account: start with the startup connect form and a nearby SBI Startup Branch. - Fill in the SBI Startup Connect Form and pick a preferred startup branch.
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