The Agribusiness Incubator (ABI) of the International Crops Research Institute for Semi-Arid Tropics (ICRISAT), Hyderabad, has invited applications from AgTech startups under the NIDHI-Seed Support Scheme (NIDHI-SSS), supported by the National Science & Technology Entrepreneurship Development Board (NSTEDB), the Department of Science and Technology (DST).
Under the scheme, ABI-ICRISAT will offer incubation services for business development and scaling up activities, access to mentor and investor network and ecosystem service partner packages. “We aim to support technology-driven innovative startups in agriculture and allied sectors that can contribute to our mission of food-secure and resilient drylands. We are looking to engage with early revenue stage startups with product-market fit and clarity on their value proposition. The seed fund will enable them to accelerate their commercialisation activities.” said ABI-ICRISAT head Aravazhi Selvaraj.
Startups selected for incubation will be evaluated as per scheme criteria to receive funding up to ₹50 lakh. Last date for submission of the application is April 30. One can apply on ‘https://bit.ly/ABI_NIDHI_SSS’, said a press release.
