Inviting startups for the FASAL Open Challenge Program 1.0

Inviting startups for the FASAL Open Challenge Program 1.0

About Inviting startups for the FASAL Open Challenge Program 1.0

“FASAL”: A Centre of Entrepreneurship (CoE) for IoT in Agriculture established by STPI at Dr. Panjabrao Deshmukh Krishi Vidyapeeth Akola launches Open Challenge Program 1.0

Objectives

Creation of a holistic eco-system for encouraging R&D, innovation, Entrepreneurship in the AgriTech domain by providing physical infrastructure and support services for prototyping, developing, testing & marketing; to incubate start-up units to create innovative solutions to address the problems of farmers in the region; to provide business and technological mentorship & guidance in the domain; to provide networking services linking up with funding sources and other stakeholders (alumni, academic institutions, other incubators, etc.); to enable the creation of IPs domestically;

Incentives

FASAL CoE shall support through initial seed support up to Rs. 10 Lakh and guide start-ups for raising funds towards PoC, MVP, and Marketing as well as scaling up through grants, equity, and debt by leveraging connections with potential customers and CSR/ Corporate sources as well as angels, High Net worth Individuals (HNIs) and VCs as per the appropriate size of start-ups.

Target Beneficiaries

25 start-ups are expected to be benefitted over a period of 3 Years.

Partners include

o Government: MeitY, STPI, STPINEXT
o Academia: Dr. Panjabrao Deshmukh Krishi Vidyapeeth (PDKV) Akola, College of Engineering & Technology Akola
o Knowledge: ICAR – Indian Agricultural Research Institute (IARI) New Delhi, Krishi Vigyan Kendra (KVK) Akola
o Technology: M/s. Agriculture Insurance Company of India Ltd., M/s. Amazing Aerial Solutions Pvt. Ltd., M/s. ioCare Pune
o Industry: M/s. SatSure Analytics India Pvt. Ltd., Bangalore
o Industry Association: Indian Society of Agricultural Engineers (ISAE), The Indus Entrepreneurs (TiE), Mumbai

More information on this can be obtained from www.fasal.stpi.in

Last date to apply is 30th September 2021.

For more details refer : https://www.mygov.in/home/do/

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