Start-ups selected for incubation will be evaluated as per the scheme criteria to receive funding of up to Rs 50 lakh.
Hyderabad based Agribusiness Incubator (ABI) of the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) has launched a second call for applications from eligible ag-tech start-ups under the National Initiative for Developing and Harnessing Innovations-Seed Support Program (NIDHI-SSP).
ABI-ICRISAT will offer incubation services for business development and scaling up activities, access to mentor and investor networks and ecosystem service partner packages. Start-ups selected for incubation will be evaluated as per the scheme criteria to receive funding of up to Rs 50 lakh.
This program is supported by the National Science & Technology Entrepreneurship Development Board (NSTEDB) and the Department of Science and Technology (DST), Government of India. Indian start-ups working on innovative technologies or business models in the agri-food and allied sectors are encouraged to apply. It is an ideal opportunity for start-ups to raise funds without any equity dilution. ABI-ICRISAT will provide debt-based funding at the prevailing repo rate.