HDFC Life And IvyCamp Launches Phase 5 Of Futurance
HDFC life and IVY camp launch the fifthe of flagship program called Futurance. It aims to identify startups that develop innovative and cutting-edge solutions
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Futurance a flagship corporate engagement program that aims at identifying startups that develop innovative and cutting-edge solutions. It is the outcome of the continued partnership between HDFC Life, one of India’s leading life insurance companies, and IvyCamp, an initiative of IvyCap Ventures Advisors. This program has now entered its fifth phase.
The last four phases have successfully provided opportunities for eleven startups to engage with HDFC Life’s leadership, collaborate with the business teams, expand their customer base, and commercialise their products. Startups from the fraud detection and metaverse space got selected in the fourth phase.
Speaking on the launch of the fifth phase Prasun Gajri – Chief Investment Officer, HDFC Life, said, “We are constantly looking to raise the bar and enhance our capabilities thereby offering value to all stakeholders. The aim is to simplify life insurance, end-to-end for our prospective and existing customers, employees as well as all our partners. Futurance, a connect and outreach program for startups began in 2019, to build solutions to meet some of the industry’s challenges and encourage new thinking and innovation. The first four phases have witnessed over 450 applications. In the fifth phase we look forward to collaborating with young minds and integrating fresh ideas and innovative tech that will enable us to offer value to all.”
Anju Gupta, Co-founder and President of IvyCamp said, “Our long association with HDFC Life has been very unique and meaningful in adding value to HDFC Life’s business and internal innovation efforts through collaboration with high potential startups with disruptive solutions. The collaboration has also enabled the startups to scale and opened access to a larger customer base. Today, with the launch of Phase 5 of Futurance, we are excited to continue thispartnership to create growth and value through the startup ecosystem, and continue adding value for HDFC Life.”
mFilterIt and GMetriXR got selected as the winners of Phase 4 and these two companies will work with HDFC Life. Two startups TouchlessID & Perkant Tech who also participated in the final round received a special mention from team HDFC Life.
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