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Govt launches a new scheme to boost agri startups

NEW DELHI: Joining hands with the IIM Ahmedabad, India’s premier farm research institute – Indian Council of Agricultural Research (ICAR) – on Friday launched a central scheme to promote Agri Startups in the country.

The programme – known as AGRI UDAAN – Food and Agribusiness Accelerator 2.0 – will help select innovative startups to scale up their operations in agri value chain for effective improvement in agriculture.

This is a six month programme in which short-listed Agri Startups with promising innovative business models will be mentored and guided to scale up their operations. During this period, the startups will be trained in different aspects of technology commercialization, product validation, business plan preparation, risk analysis, customer engagement, finance management and fund raising.

The accelerator programme, launched by Ramesh Chand, member, NITI Aayog at NASC Complex of the ICAR’s Pusa campus here, will reach out to startups through a series of road shows in cities like Chandigarh, Ahmedabad, Pune, Bangalore, Kolkata and Hyderabad in next one month. Total 40 startups will be selected in the first round. Out of these about 8 to 12 startups will be selected for final cohort for capacity building workshop and mentoring.

The programme will be carried out by the ICAR’s National Academy of Agricultural Research Management (NAARM) in association with the IIM-Ahmedabad’s incubator Center for Innovation, Incubation and Entrepreneurship (CIIE) and several other partners.

“The application is available at Applications will be evaluated by mentors from industry, business and partner organizations”, said a statement of the Union agriculture ministry.

It said, “The shortlisted cohort of startups will undergo a capacity building (CB) workshop in ICAR-NAARM…There will be a match making between startup-mentor. The accelerator program will culminate with demo day/investors meet at Hyderabad and Mumbai on January 18 and January 20, 2018, respectively”.

Source : timesofindia

This post first appeared on Daily Kiran, please read the originial post: here

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Govt launches a new scheme to boost agri startups


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