Icrisat to hold agri-business investors camp for startups

The programme will help startups secure additional funding support of up to Rs 1 cr

As a part of its Agri-Business Incubation (ABI) programme, International Crops Research Institute for the Semi-Arid Tropics (Icrisat) will be holding an agri-business investors camp in Hyderabad on June 12.

The camp, which is oriented around three themes – agri-technology, agri-engineering and food processing – would provide an opportunity to agri-business innovators and budding entrepreneurs to present their ideas and prototypes for individual advice.

The aim is to identify and invest in innovative, early-stage startups that have the potential to become scalable and competitive food and agri-business ventures, Icrisat said in a press release on Thursday.

“The camp is targeted at Indian startup entrepreneurs and innovators in the agricultural sector and will serve as an ideal platform to present business ideas and models to secure additional funding support of up to Rs 1 crore ($156,000) and to scale-up,” said SM Karuppanchetty, chief operating officer of the ABI programme.

As part of the programme, Icrisat-ABI will also offer incubation support to selected entrepreneurs with innovative ideas, he added.