ICRISAT aims to support technology-driven innovative startups in agriculture and allied sectors that can contribute to food secure and resilient drylands. The fund will enable them to accelerate their commercialisation activities.
The Agribusiness Incubator (ABI) of the International Crops Research Institute for Semi-Arid Tropics (ICRISAT), Hyderabad, has invited applications from agritech startups under the NIDHI-Seed Support Scheme (NIDHI-SSS). NIDHI-Seed Support Scheme is supported by the National Science & Technology Entrepreneurship Development Board (NSTEDB), functioning under the Department of Science and Technology (DST), Government of India.
Under the scheme, ABI-ICRISAT will offer: Incubation services for business development and scaling up activities, Access to its mentor and investor network and Ecosystem service partner packages
“We aim to support technology-driven innovative startups in agriculture and allied sectors that can contribute to our mission of a food secure and resilient drylands. We are looking to engage with early revenue stage startups with product-market fit and clarity on their value proposition. The seed fund will enable them to accelerate their commercialisation activities,” said Aravazhi Selvaraj, Head, ABI-ICRISAT. Startups selected for incubation will be evaluated as per scheme criteria to receive funding up to Rs 50 lakh. The last date for submission of the application is April 30, 2022.
International Crops Research Institute for Semi-Arid Tropics (ICRISAT), a non-profit non-political international organisation, conducts agricultural research for development in Asia and sub-Saharan Africa with partners from around the world. ICRISAT helps empower the people of drylands to overcome poverty, hunger and degraded environments through better agriculture.