Rules for Fintech Challenge – STARTUP MARKET CONNECT by Fintech Valley Vizag, an initiative of Government of Andhra Pradesh | Bizofit Innovation Platform

Rules for Fintech Challenge – STARTUP MARKET CONNECT by Fintech Valley Vizag, an initiative of Government of Andhra Pradesh

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Fintech Valley – an initiative of Government of Andhra Pradesh – is conducting a Demo Day to enable Startups to showcase their solutions to BFSI Corporates. 8 Corporate Partners including Kotak Mahindra Bank, IDFC Bank, DCB Bank, RBL Bank, Fullerton India,TATA Capital, Bajaj Allianz and ICICI Lombard have shared their 19 High Priority Use CasesThis is your chance to showcase your Fintech products and solutions to large Financial Services companies. Please read  Rules  and  FAQs  for the Innovation Challenge. Interested Startups are invited to apply using the Application Form below:

Steps to register for the competition:

  • Step:1 – Register on the Bizofit Platform by clicking on Signin (top right hand corner) and Login using Linkedin / Create your own user id and password.  Click on the option to “Respond to Innovation Challenges”
  • Step:2 – Once logged in, apply here by filling out the attached Application Form. For each Innovation Challenge, you have to fill up a separate form.
  • Step:3 – In order to provide more info on the company, create your “Company Listing” by clicking on Register your company link on the Bizofit Homepage (Optional Step).


  • Prize money for the winners will be declared soon.
  • Winning startups can get paid PoC with BFSI Corporate Partners. Corporates will award paid PoCs to only selected Startups on Demo Day.


  • Application Start Date: 12th Mar’18
  • Application End Date: 6th April’18
  • Demos/Presentations: 30th April’18

Location: Mumbai

BENEFITS: Opportunity to do Proof of Concept (PoC) with the corporate partners.

NOTE: If shortlisted for any of the use cases, the Proof of Concept has to be executed out of Vizag.

List of Use Cases:

  • Smart card for cities
  • Uber for logistics fulfilling payment needs
  • Merchant lending basis flow data (UPI/GSTN)
  • Integrated billing at Merchant
  • Risk & Fraud Management solution for UPI system
  • Tap and Go payment- Low cost Contactless payment solution for smart/non-smart phones
  • Internet of things for tracking agricultural assets
  • Banking Assistant for personal banking
  • Building a fee collection platform for school/education institutes
  • Blockchain based P2P Bill Discounting
  • Wearable Ring for payments
  • Real time survey for Property related underwriting and claim
  • Low cost accident detection IoT device
  • Tapping digital information sources in lieu of physical documents (or scans etc.) for customer origination & assessment
  • Promote financial literacy through gamification
  • Credit Underwriting
  • Digital Signatures
  • End-to-end Assessment of a SME
  • Digital Marketing solution

Click here to see detailed use cases.

Rules for the Competition

Please read these rules before entering the Competition. Participation in this Competition constitutes Entrant’s full and unconditional agreement to and acceptance of these Official Rules and represents that Entrant satisfies all of the eligibility requirements set forth below. There are no prizes associated with selected winners for the competition. However, prizes can be announced by the corporate partners or sponsors based on their discretion.

  • Eligibility

    Startup Market Connect (the “Competition”) presented by the AP Government and Fintech Valley Vizag is open to early-stage companies with a tested, functional prototype in production or very close to being in production similar to the use cases/Innovation Challenges posted on Each eligible company that enters the Competition shall be referred to herein as an “Entrant.”

  • Sponsors

    The Competition is sponsored by the AP Government and Fintech Valley Vizag (“Sponsors”).

  • Entry

    Competition applications can be submitted here (the “Competition Site”) for each of the Use Cases listed below in Section 5. See Competition Site for entry instructions. The application period begins at 2:00:00 pm IST on March 12th, 2018 and ends at 11:59:59 pm IST on April 6th, 2018 (“Competition Entry Period”). There are no limits on application per company. A one-page solution summary or pitch deck is required, and a video (up to two minutes in length) is optional. By entering, each Entrant and team member agrees to conform to the Guidelines and Restrictions.
    4.a Guidelines and Restrictions:

  1. The entry must not contain material that violates or infringes any rights of any other party, including but not limited to copyright, trademark, patent, privacy, publicity or any other intellectual property rights;
  2. The entry must not disparage Sponsor or any other person or party;
  • Selection of finalists

    Selected Entrants will be selected to proceed in the Competition to a live event (the “Demo Day”) to be held in Mumbai on 30th April, 2018 (“Finalists”). Finalists invited to attend the Demo Day will be chosen from among the Entrants by the Sponsors or their representatives or agents on or about 20th April, 2018.
    Finalists will be notified via email on or about April 20th, 2018.
    Winning teams will be notified at the Demo Day on 30th April, 2018.

  • Travel

    Finalist Entrant will be invited to participate in the Demo Day in Mumbai at their own expense.

  • Demo Day

    Once in Mumbai, the Finalist team members will pitch their product or service for five (5) minutes to a panel of independent judges who will determine winning teams. Each Finalist’s pitch will include a demonstration of the product or service and a live question/answer session with the judges. The winning teams will be selected based on their presentation, product or service, and business model in accordance with the Judging Criteria for each applicable Use Case.
    Corporate Partners will discuss scope and duration of PoC with respective Finalists.

  • Competition results

    A list of the winning teams will be posted on  on or about May 15th, 2018.

Attach Files

Attachment Attach your Solution PPT or Files here

Shortlisted Service Providers that would be asked to submit Proposals/ Quotes