HSBC India on Thursday announced the launch of its ‘Innovation Banking’ in India, which offers banking and financing solutions to support entrepreneurial businesses throughout their lifecycle, from seed to IPO, as well as their investors.

The bank plans to allocate $1 billion in non-dilutive debt capital to support Indian startups. The funding targets growth of companies from early- to late-stage in scaling their operations without diluting equity, helping founders and investors to retain greater control over their businesses, a release from the bank said.

HSBC India said that it already has a substantial balance sheet allocation for fund financing across venture capital and domestic private equity funds. With the launch of Innovation Banking, the bank aims to expand this offering, encom

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