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SBI Foundation, social alpha launches a support assistive technology for start-ups

December 27, 2021

SBI Foundation, social alpha launches a support assistive technology for start-ups

SBI Foundation and Social Alpha jointly announced the launch of the challenge, techtonic innovations in assistive technology, inviting innovators and entrepreneurs working on products and services that address the problems faced by people with disabilities and enable them to lead an empowered life.

Challa Sreenivasulu Setty, MD, State Bank of India, said, “SBI foundation is happy to partner with Social Alpha on this programme where the mission is to create an inclusive ecosystem for person wit disabilities. Through this initiative, we will ensure that assistive tech solutions are sustained and scaled up across the country. It will encourage next generation of innovators to engage in much needed R&D of assistive technology”.

The challenge is structured to support early-stage assistive technology start-ups to accelerate their lab to market excursion through comprehensive support. India lacks a vibrant market for disruptive AT solutions. However, a rising number of entrepreneurs and passionate innovators are trying to develop solutions for public with disabilities.

The first valley of death appears at the idea/prototype phase itself due to limited access to an end-user population that is highly fragmented, poorly funded R& D infrastructure and a poor value chain. The program designed by SBI Foundation and Social Alpha will help start-ups overcome.

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