Agri business to boom again! 2nd Agri UDAAN accelerator program launched in New Delhi for more investments
Source :NewsBharati Date :04-Aug-2017
New Delhi, August 4: India ranks second in the world’s farm output. In 2013, India exported $39 billion worth of agricultural products. To elevate the foreign investments for the agricultural startups and export business, India is taking some serious actions towards extensive development. In an attempt to promote innovation and entrepreneurship in agriculture, Government launched 2nd AGRI-UDAAN programme in New Delhi. It will mentor startups and help them connect with potential investors.
Briefing media in New Delhi, DDG ICAR N.S. Rathore said, the program focuses on catalyzing scale-up stage food and agribusiness startups through rigorous mentoring, industry networking and investor pitching. He said the idea is to attract the youth from rural India and elsewhere, and train them so they can add value to the farmers produce.
This 6 month program is a unique platform for scale up stage innovators, entrepreneurs and startups in the Food and Agribusiness sectors. Following the launch of the programme, AGRI-UDAAN will reach out to agri-start-ups in several cities like Chandigarh, Ahmedabad, Pune, Bangalore, Kolkata and Hyderabad.
Application will be available at www.aidea.naarm.org.in. Top 40 startups will be shortlisted and allowed to pitch in front of panel of evaluators during cohort finalization programme. Out of these about 8 to 12 startups will be selected for final cohort for capacity building workshop.