The Union Government is going to launch AGRI-UDAAN Food and Agribusiness Accelerator 2.0 programme in an attempt to promote innovation and entrepreneurship in agriculture. It will mentor startups and help them connect with potential investors.
The programme will help convert innovative ideas from India’s rural youth into viable businesses startups and help them connect with potential investors. It aims to attract the youth from rural India and elsewhere, and train them so they can add value to the farmers’ produce.
It is managed by ICAR-NAARM’s (Indian Council of Agricultural Research-National Academy of Agricultural Research Management) technology incubator, a-IDEA along with IIM Ahmedabad’s Centre for Innovation.
Under the programme, start-ups will get incubation space to run their businesses and have access to research laboratories and libraries. It will also help the selected start-ups with regulatory services like company registration and environmental compliances.
In the first round of the programme 40 start-ups will be shortlisted who will pitch their ideas to a panel of evaluators. Out of these, 8 to 12 start-ups will be selected for the final capacity building workshop. Following an intensive training lasting six months, the new start-ups will be connected to investors for funding.