Agri-startup Incubation Program

AFBIC, IIT Kharagpur is executing the Agripreneurship incubation program. The aim of this program is to provide the launch pad for incubatees who are in prototype/ expansion stage of their product/ service. They will be strengthened with need-based infrastructure, equipment, technology, Intellectual Property and man power support to implement and extend their business by imparting two months training. AFBIC will facilitate and monitor the stage wise development of the startup.

Key Aspects and Benefits:

  1. On campus mentoring by domain experts;
  2. Classroom sessions on relevant areas pertaining to business/technology;
  3. One-to-one sessions for business/ technological improvement;
  4. Design thinking workshops;
  5. Investors meet and networking;
  6. Product design & market assessment;
  7. Business plan preparation and documentation;
  8. Selected incubatees (on the recommendation of RC) will be provided incubation and seed stage money as 85 percent grant of their business plan evaluation up to a maximum of Rs. 25 lakhs through AFBIC for process development, technology improvement, administrative and business expansion for the scaling up of a startup.

Eligibility Criteria:

  1. The recipient has to propose an innovative business plan based on technology, service, processes etc. for increasing efficiency, enhanced productivity or increased renumeration in agriculture and allied sector.
  2. The recipients are expected to pursue their entrepreneurial aspirations full time.
  3. The recipient should have an initial business set-up based on which they intend to expand the venture.
  4. Agripreneurs with registered startups should give self-declaration on having received any grant for the same idea/product development.
  5. Agripreneurs should not be incubated prior/simultaneously at any other Agri-business incubation centres (RABI).

Selection Process:

  1. Application forms will be scrutinized by the RIC committee comprising of members from AFBIC IIT Kharagpur, NIAM and stakeholders.
  2. Interviews will be conducted by RIC committee for the shortlisted candidates.
  3. Selected candidates upon meeting the above criteria will be eligible to join the program.a

Agripreneurship Orientation Program

AFBIC, IIT Kharagpur is executing the Agripreneurship orientation program. This program aims at providing an opportunity to interested ideation stage entrepreneurs/startups to work on their innovative ideas by imparting two months training. Guided by domain experts, they will be able to understand business concepts/nuances, processes, challenges, strategies and practical insights into their specific industries or markets.

Key aspects and benefits:

  1. On campus mentoring by domain experts;
  2. Classroom sessions on relevant areas pertaining to business/technology;
  3. Design thinking workshops;
  4. Product design & market assessment;
  5. Investors meet and networking;
  6. Business plan preparation and documentation;
  7. Stipend of Rs 10,000/- per month for 2 months;
  8. Selected incubatees (upon RC recommendation) will be provided incubation and seed stage money as 90 percent grant of their business plan evaluation up to a maximum of Rs.5 lakhs through AFBIC for product development/improvement, administrative and market research in the early stages of a startup.

Eligibility Criteria:

  1. The recipient has to propose an innovative idea based on technology, service, processes etc. for increasing efficiency,enhanced productivity or increased renumeration in agriculture and allied sector.
  2. The recipients are expected to pursue their entrepreneurial aspirations full time.
  3. The recipient should have an initial business plan/ proposal with detailed financial plan for the idea they intend to pursue.
  4. Agripreneurs with registered startups should give self-declaration on having received any grant for the same idea/product development.
  5. Agripreneurs should not be incubated prior/simultaneously at any other Agri-business incubation centres (RABI).

Selection Process:

  1. Application forms will be scrutinized by the RIC committee comprising of members from AFBIC IIT Kharagpur, NIAM and stakeholders.
  2. Interviews will be conducted by RIC committee for the shortlisted candidates.
  3. Selected candidates upon meeting the above criteria will be eligible to join the program.

Vision

To promote, facilitate and develop sustainable start up ecosystem in agri-food and allied sectors with a focus on encouraging startup culture, employment generation and livelihood enhancement.

Mission:

To translate agro & food processing based innovations into startups by incubating pertinent enterprise in order to ensure national food security and rural prosperity through integrated approach for R&D, commercial technology transfer, networking and dissemination of knowledge.

Objective:

  1. To promote a culture of agri-food startps among the enthusiastic individuals.
  2. To promote innovation, entrepreneurship and business creation in agri-food and allied sector by skill development, capacity building and technology scale up;
  3. To create employment opportunities in agri-food and allied sectors;
  4. To promote an integrated approach for technology acquisition, R&D, IP protection, commercial technology transfer and knowledge dissemination;
  5. To facilitate evolution of a cost effectve agri-startup ecosystem by providing  technical, legal and regulatory compliance,financial and intellectual property support to agripreneurs;
  6. To build a vibrant agri-startup ecosystem, by establishing a network between academia, financial institutions, industries and other related institutions.