The Foundation for Innovation & Entrepreneurship Development (FIED) at the Indian Institute of Management (IIM) Kashipur has taken a significant step towards agricultural transformation by providing INR 60 Lakhs in funding to seven agri-startups under the RKVY-RAFTAAR Scheme. Supported by the Ministry of Agriculture & Farmers' Welfare, Government of India, this initiative seeks to foster agricultural innovation, sustainability, and the integration of technology-driven solutions in the sector.
Under the SAHAS-Pre Seed Stage, five startups have each received INR 5 Lakhs to develop innovative and sustainable solutions in agriculture:
Eco Nexus Innovations: Repurposing pine needles into Non-Resilient Fiber (NRF) boards for furniture, reducing environmental waste.
Mountain Millets LLP: Promoting millet-based health foods to encourage sustainable and nutritious farming practices.
Svachal Automation Private Limited: Improving agricultural productivity through advanced smart poly-houses.
Onneis Pvt Ltd: Creating Buransh flower-based fruit squash to support crop diversification and rural economic growth.
Subhag Himalayan Resources (OPC) Pvt Ltd: Manufacturing pine particle boards, providing economic opportunities for local farmers while promoting sustainable forestry practices.
Two startups have received substantial funding under the SAKSHAM-Seed Stage, enabling them to scale their businesses and impact the agricultural ecosystem:
Ojas Animal Feeds Pvt Ltd: Granted INR 20 Lakhs to develop organic livestock feed, improving animal health and boosting sustainable farming.
Burfu Agriculture Initiatives Pvt Ltd: Awarded INR 15 Lakhs to enhance the processing of Himalayan herbs and Seabuckthorn, ensuring better market access for smallholder farmers.
Ram Kumar, Chief Executive Officer of IIM Kashipur FIED, emphasized the institution’s unwavering commitment to fostering a dynamic entrepreneurial ecosystem. He stated, "At IIM Kashipur, we believe in empowering entrepreneurs with the resources they need to develop sustainable and impactful solutions. This funding will help these startups grow, innovate, and contribute to the agricultural sector's long-term development."
By supporting these agri-startups, IIM Kashipur continues to play a crucial role in advancing India’s agricultural sector. The financial assistance provided under the RKVY-RAFTAAR Scheme ensures that innovative, technology-driven solutions reach the market, ultimately benefiting farmers, agribusinesses, and the broader rural economy.
As the nation progresses towards a more sustainable and technology-driven agricultural landscape, IIM Kashipur remains dedicated to fostering groundbreaking innovations that will shape the future of farming in India.
Stay connected for more updates on agritech advancements and entrepreneurial success stories from IIM Kashipur.
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