The Agri Start-up at IIM Kashipur Approximately Rs 15 crore is raised by Fiesta to support the Startup Ecosystem.

Thirteen agri-focused businesses were recognized by IIM Kashipur FIED in Uttishtha '24, and they received a sanction of Rs 1.30 crores from the Ministry of Agriculture and Family Welfare.The Foundation for invention and Entrepreneurship Development [FIED] and E-Cell at IIM Kashipur organized two days of brilliance, invention, and creativity that culminated in the grand finale of "Uttishtha 2024," the seventh edition of the largest agri start-up expo.Several innovative enterprises led by intelligent young people from across the country were on display during the event.According to IIM Kashipur, "A total of Rs 14.6 crores has been disbursed to startups under startup support schemes, out of which 13 agri-focused startups have received approval for RKVY RAFTAAR RABI scheme funding from the Ministry of Agriculture and Farmers Welfare in 23–24, and 13 startups have received approval for Rs 2.89 crores from Startup India Seed Fund Scheme.""Many outstanding startups, including Bijak, Loopworm, Greenpod Labs, InfyU Labs, Agronxt, Industill, and Ikayu Foodlabs, have raised funding from outside venture capital firms and angel investors totaling over Rs 320 crore with the help of IIM Kashipur's FIED." Since its establishment in 2018, IIM Kashipur FIED has given funding and business training to more than 200 businesses, including 68 with an agri-focused focus, under the Ministry of Agriculture and Farmers Welfare's RKVY RAFTAAR RABI initiative."A hundred promising agri-startups and community-focused businesses from the hills of Uttarakhand took part in the agriculture expo, according to IIM Kashipur, displaying their products and services that help the agriculture sector and the ecosystems that sustain it."Impactful initiatives were presented by IIM Kashipur, such as the Scaleup Pitchathon, a national live startup pitching competition in which the top three creative ventures were chosen from a pool of more than 100 government-recognized startups and competed for a prize of Rs. 1.5 lakh to become the best startup," said the statement."IIM Kashipur is committed to supporting the startup ecosystem on multiple fronts by involving more and more academic members to train incubatees and providing them with every aid and support imaginable," stated Prof. Kulbhushan Balooni, Director of IIM Kashipur.

The activities of incubators at all higher education institutions depend on the Government of India's ongoing assistance. We are trying to support Uttarakhand-based agri-tech businesses since IIM Kashipur is dedicated to regional development, which sets us apart from the other elite B-schools. Since its founding in 2018, FIED has supported 189 entrepreneurs, resulting in the creation of almost 3000 employment. Over 7 lakh farmers have already benefited from IIM Kashipur."The Atal Community Innovation Centre has been given to IIM Kashipur by the Indian government's NITI Ayog. Similar to us, we are involved at the grassroots level with farmer-producer organizations in Uttarakhand, where we intend to train fifteen FPO. This center will grow in prominence in the future in line with the accomplishments it has made." The National Business Plan Competition, or Udaan 7.0, is another notable program that gives aspiring students a stage to present their innovative ideas to academics and business professionals. Out of more than 300 teams, the top 7 teams received cash prizes totaling Rs. 50,000.Krushika Naturals Pvt Ltd., 25 lakhs; Himshilpi Hunar LLP, 5 lakhs; Zarin Gourmet Pvt Ltd., 25 lakhs; MyPahadiDukan, 25 lakhs; BABA Agrotech, 20 lakhs; SS Agriculture Innovations Pvt Ltd., 5 lakhs; and Svastha Samriddhi Pvt Ltd., 25 lakhs were the businesses financed by FIED at IIM Kashipur. The purpose of this investment is to support the entrepreneurial environment and accelerate the growth of these endeavors.Thirteen agri-focused businesses were recognized by IIM Kashipur FIED in Uttishtha '24, and they received a sanction of Rs 1.30 crores from the Ministry of Agriculture and Family Welfare.