To be eligible to apply, you should meet all of the following conditions:
  • You should be an Indian firm/company.
  • The firm/company should not be older than 7 years as on the date of making this application.
  • The turnover of the firm/company should not have been greater than Rs. 25 crore in any of the years of its operations.
  • The firm/company must neither be a subsidiary of a foreign company nor have shareholding by any foreign company.
  • The Intellectual property rights for the product/services offered to the SBI should be owned by the firm/company applying under the programme.
  • You should have obtained the "Certificate of Recognition" as a Startup from the Ministry of Commerce and Industry (Department of Industrial Policy and Promotion) as per Notification No.G.S.R. 501(E) dated 23rd May, 2017, OR you are in the process of applying for the same, and will submit the Certificate before your formal engagement with the Bank.
We confirm that the applying company/firm meets all the above mentioned conditions -
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He/She is currently with the start-up.

 

 

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  • We are an Indian firm/company.
  • The firm/company is not older than 7 years as on the date of making this application.
  • The turnover of the firm/company has not been greater than Rs. 25 crore in any of the years of its operation.
  • The firm/company is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.
  • The firm/company has not been formed by splitting up or reconstruction of a business already in existence.
  • The firm/company is neither a subsidiary of a foreign company nor have shareholding by any foreign company.
  • The Intellectual property rights for the product/services that we wish to offer to SBI is owned by the firm/company.
  • We have obtained the "Certificate of Recognition" as a Startup from the Ministry of Commerce and Industry (Department of Industrial Policy and Promotion) as per Notification No. G.S.R. 501(E) dated 23rd May, 2017, OR we are in the process of applying for the same, and will submit the Certificate before your formal engagement with the Bank.

 

 

NOTE:   No documents should be submitted along with the application. However, documents as required will be called for if the application is found to be prima facie suitable for further evaluation.


Under the restricted IPR arrangement with the Bank, the vendor shall provide the entire source code and documentation of the software including the base software to the Bank at the beginning of the engagement to facilitate future modifications. The vendor shall continue to own the source code and IPR of the enhanced / revised software while exiting from the Bank.


After termination of the contract with the vendor, the entire source code including customizations and changes in the design made in such software/application/technology/solution shall be owned by the Bank and the Bank shall be allowed to customize it for its internal use within the State Bank Group. No charges shall be payable to the vendor for this arrangement. However, the Bank shall not sell the product / software / technology to any third party.