ICAR's Agri-Udaan, a food & agri-business accelerator program from agri-start-ups

ICAR's Agri-Udaan, a food & agri-business accelerator program from agri-start-ups

Posted by P. Charitha on August 10th 2017

ICAR-NAARM Technology Business Incubator (TBI), a-IDEA and Indian Institute of Management Ahmedabad’s (IIM-A) incubator Center for Innovation, Incubation and Entrepreneurship (CIIE)  has announced “AGRI UDAAN”- Food and Agribusiness Accelerator 2.0. 
 
Managed by India’s premier farm research body, the Indian Council of Agricultural Research (ICAR), the food and agri-business accelerator programme to be launched on Friday will also help convert innovative ideas from India’s rural youth into viable businesses.
 
“The idea is to attract the youth from rural India and elsewhere, and train them so they can add value to the farmers’ produce,” said Narendra Singh Rathore, Deputy Director General of Agricultural Education at ICAR.
Rathore added that following an intensive training lasting six months, the new start-ups will be connected to investors for funding. Under the programme, start-ups will get incubation space to run their businesses and have access to research laboratories and libraries. AGRI UDAAN will also help the selected start-ups with regulatory services like company registration and environmental compliances.
 
The shortlisted cohort of startups will undergo a capacity building (CB) workshop in ICAR-NAARM. 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, fund raising etc. There will be a match making between startup-mentor. The accelerator program will culminate with demo day/ investors meet at Hyderabad and Mumbai.
 
In the pre-launch phase of the programme that began in 2015, the ICAR’s National Academy of Agricultural Research Management (NARM) in Hyderabad incubated several new start-ups which are now processing exotic grains, manufacturing kinetic farm machines, and developing smart irrigation systems. Each of these companies also managed funding between Rs 60 lakh to Rs 1.3 crore from corporates and venture capitalists.
 
AGRI-UDAAN will reach out to agri-start-ups in several cities like Chandigarh, Ahmedabad, Pune, Bangalore, Kolkata and Hyderabad. The programme will shortlist 40 start-ups in the first round who will pitch their ideas to a panel of evaluators. Out of these, between 8 to 12 start-ups will be selected for the final capacity building workshop.
Application and Selection Process
 
The application is available at www.aidea.naarm.org.in. Applications will be evaluated by mentors from industry, business and partner organizations, based on the average scores top 40 startups will be shortlisted and allowed to pitch in front of panel of evaluators during cohort finalization programme on 9th and 10th of October 2017 at NAARM. Out of these about 8 to 12 startups will be selected for final cohort for capacity building workshop.(Source Livemint)

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