The selected 12 winners of the challenge will be awarded a cash grant of Rs 2 Lakh each to 10 shortlisted start-ups
The Department of Fisheries, Government of India in association with Startup India, Ministry of Commerce and Industry recently launched the “Fisheries Startup Grand Challenge.”
The following themes have been identified for submission of problem statements under the Fisheries Start-up Grand Challenge:
Design and develop technology/solutions for enhancing productivity so that the fishers and fish farmers can achieve better price realisation
Develop infrastructure and post-harvest management solutions that will enable fishers, fish farmers in creating value addition, value creation and value realisation ensuring minimal wastage across the fisheries value chain
Develop business solutions and outreach activities that will make fish and fish products easily accessible, acceptable and popular among the meat consuming population in the country
Develop sustainable solutions to reduce/stop soil erosion, siltation of the water bodies and develop eco-friendly solutions for costal fishers
The challenge is expected to foster start-up culture within the sector and to establish a strong foundation of the entrepreneurial model, the Department of Fisheries has earmarked funds to the tune of Rs 3.44 crore for the challenge. The selected 12 winners of the challenge will be awarded a cash grant of Rs 2 Lakh each to 10 shortlisted start-ups for translating their ‘Idea to PoC’. In the final round, a grant up to Rs 20 lakh (General category) and Rs 30 Lakh (SC/ST/Women) will be provided to the winners for transforming their ideas into effective pilots which would further translate into commercialisation.
The launch event was attended by various stakeholders including key start-ups, industry experts, entrepreneurs, investors, incubators and policymakers.
