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Agrotech, Start ups

Bioangels will raise Rs 350 crore investment for startups 

Biotechnology Industry Research Assistance Council (BIRAC) collaborated with the Indian Angel Network (IAN) to launch an angel investor network, BioAngels. BioAngels is the country’s first sector-focused angel investor group to fuel the growth of startups from Biotech – the sunrise sector. Sub-domains include medtech, healthtech, pharma, cleantech and agritech. The biotech sector has the potential for cascading multiplier effect to contribute to India’s economic growth target of a $5 trillion economy by 2025.

BioAngels is an inclusive platform that engages early-stage investors from India and overseas from different angel investor groups, to fund and nurture high-quality startups, with both money and mentoring backed with critical sectoral expertise. BioAngels’s vision is to become the platform of choice for Investors and innovative startups to build globally competitive companies.

Bioangels will raise Rs 350 crore investment

Start ups

A startup centre will be established to support startups

The Madhya Pradesh government is launching its Startup Policy and Implementation Plan – 2022 to promote startups and encourage entrepreneurs in the state. Prime Minister Narendra Modi will launch virtually, Madhya Pradesh’s Startup Policy and Implementation Plan, 2022 at the Brilliant Convention Center, Indore on May 13, in the presence of the Chief Minister of Madhya Pradesh Shivraj Singh Chouhan.

The startup policy has provisions to strengthen and bring to reality the entrepreneurial ideas of the youth of the state. A slew of events is planned across the state to drive awareness about the Madhya Pradesh Startup Policy.

The Sagar Smart City Incubation Centre, SPARK has made rapid strides in promoting Madhya Pradesh Startup Policy 2022. A series of policy awareness boot camps and workshops have been organized in various educational institutions, business establishments, and among the startup community, including Government ITI College, Edina Institute of Science, in Sagar.

Concurrently, about 18 startups are being incubated under the Smart City project in the Gwalior district. The government has selected several ideas from around 50 startups in the region for which a special workshop will be organized on May 11. This would be done to help understand the needs of these needs and to ensure that these ideas come to reality under the new start-up policy.

P Narhari, Secretary MSME Department, Government of Madhya Pradesh said, “The new Startup Policy is quite different from the old policy. One important feature being added in the MP Startup Policy 2022 is the concept of ‘MP Startup Centre’. Earlier, only one policy was being implemented by the department, but now this will be implemented in tandem with the MP Startup Centre. The startup centre will have a dedicated office, a head/mentor for every startup and experts from the relevant field, who will help the startup community.”

A startup centre will be established to

Agrotech, Finance, Start ups

The funds will be used to digitise wholesale commodity trading

Poshn, a platform for wholesale processed commodity distribution & financing has raised Rs 28.8 crore in seed funding, led by Prime Venture Partners and participation from Zephyr Peacock. Poshn provides a seamless and efficient procurement platform especially for bulk processed commodities in a highly fragmented agri supply chain market.

The startup has partnered with 100+ wholesalers across ecommerce, modern trade, general trade and has seen an aggressive adoption from across the supply chain. Poshn has reported a 20X growth in the last eight months and aims to grow at 25 per cent MoM over the next one year. The startup will use the fresh capital to aggressively grow and hire across tech and business functions.

The funds will be used to digitise

Agro Universities, Start ups

The MoA will help to excel in agribusiness in collaboration with co-agri-startups

The Punjab Agricultural University (PAU) has signed Memorandum of Agreement (MoAs) with 13 agri start-ups of Punjab Agri Business Incubator (PABI), Directorate of Extension Education (six under Udaan and seven under Uddam). These start-ups are selected by Rashtriya Krishi Vikas Yojana – Remunerative Approaches for Agriculture and Allied Sectors Rejuvenation (RKVY-RAFTAAR), Ministry of Agriculture and Farmers’ Welfare, Government of India for grant-in-aid.

Dr Ashok Kumar, Director of Extension Education, PAU signed MoAs on behalf of PAU and congratulated the start-ups.

Dr TS Riar, Additional Director Communication, PAU and Principal Investigator, PABI, said that agri start-ups should work with full dedication to excel in agribusiness in collaboration with their co-agri-startups under all three cohorts of PABI.

Dr Poonam A Sachdev, Head, Department of Food Science and Technology, PAU and Co-Principal Investigator, PABI, urged the representatives of start-ups to utilise the grant-in-aid efficiently to generate employment in Punjab.

The MoA will help to excel in

Live Stock, Packaging & Labelling, Start ups, Sustainability, Water

Selected startups to pitch at Tyson’s first Demo Day on July 11

Tyson Ventures, the venture capital arm of Tyson Foods, announced its first-ever pitch event for sustainability entrepreneurs and startups. Tyson Demo Day will be held virtually on July 11, 2022, and selected participants will be invited to demonstrate how their solutions could help create a more sustainable food system. The goal of the day is to identify and ultimately invest in breakthrough, sustainable technologies that can help Tyson Foods reach its sustainability goals.  

At Tyson Demo Day, the selected companies will virtually pitch their solutions to a group of Tyson Foods executives. Following Demo Day, selected startups will have the opportunity to engage with Tyson Foods’ senior leadership and partner with the company on breakthrough ideas to help advance sustainability across the company.

Applicants will be evaluated based on alignment with Tyson Ventures’ investment strategy, the solutions they present, and the potential those solutions have to help Tyson Foods meet its sustainability goals. Solutions that align with those goals include, but are not limited to, greenhouse gas emission reduction, reducing food waste, animal welfare, regenerative agriculture, packaging, soil health, and water management. The deadline to apply is May 15, 2022.

Selected startups to pitch at Tyson’s first

Agrotech, Finance, Start ups

The fund will be used to strengthen supply chain, invest in cutting-edge tech, add product categories

Agri-tech startup, Otipy (operated by Crofarm Agriproducts), India’s first community group buying platform for fresh produce, raised Rs 235 crores ($32 million) in its Series B round led by Westbridge Capital. Existing investors SIG and Omidyar Network India also participated in the round. These fresh funds have come in six months for Otipy, after its series A funding of Rs 76 crores ($10.2 million).

Varun Khurana, Founder & CEO, Otipy said, “The series B round of funding will support us as we expand to new pin codes, strengthen our supply chain, invest in cutting-edge tech, add product categories and accelerate our mission of making fresh, nutritious food accessible to all.”

The fund will be used to strengthen

Agro chems – Fertilizers, Agrotech, Start ups

The company has 50,000 retailers and over 1,000 products in its portfolio

nurture.farm, India’s leading AgTech startup for end-to-end agriculture ecosystem related solutions, announced that its online platform nurture.retail is emerging as India’s biggest and fastest-growing online agriculture input marketplace. nurture.retail is an online e-commerce platform that is transforming the ag-input marketplace by unlocking digital connections between manufacturers, retailers and dealers.

The nurture.retail app is operational in 13 states of India—Punjab, Uttar Pradesh, Haryana, Rajasthan, Odisha, Jharkhand, Bihar, Gujarat, Madhya Pradesh, Tamil Nadu, Andhra Pradesh and Telangana. nurture.retail is a platform that allows agriculture input retailers and distributors to buy pesticides (insecticides, herbicides, fungicides), fertilisers and other nutrition and biological products, farming equipment, seeds and cattle feed directly from the manufacturers.

The B2B agriculture input marketplace by nurture.retail has an exhaustive inventory and a wide array of products from 12+ manufacturers like SWAL, UPL, Godrej Agrovet, Yara International, Sulphur Mills, Best Agro Life, Neptune Pumps, IPL Biological, Eagle seeds, Raccolto, Spraywell Agro, Agriown, Goldking, making product discovery extremely convenient and easy. With over Rs 100 crore worth of inventory sold per month via the platform, retailers can pre-order products to meet demand at the best prices.

The company has 50,000 retailers and over

Agro chems – Pesticides, Agrotech, Start ups, Sustainability

The award will recognise outstanding achievements in the field of biopesticides and their impact on crop protection

The Annual World BioProtection Summit & Awards will be held at the NEC in Birmingham, UK in May 2022. A key part of the three-day event is the World Bioprotection Awards and Gala dinner, on May 23, 2022, which will gather collaborators from across the world to recognise outstanding achievements in the field of biopesticides and their impact on crop protection.

This year, ten awards are open for nomination:

  1. New Bioinsecticide Product
  2. New Biofungicide Product
  3. New Bionematicide Product
  4. New Biochemical Product
  5. New Biostimulants Product
  6. New Biofertilizer Product
  7. Innovative Research Project of The Year
  8. Industry Collaboration
  9. BioTech Start-up Business of The Year
  10. Outstanding Achievement

Attracting delegates from Europe, Asia and the Americas, the World BioProtection Awards is the perfect platform for any biocontrol business to highlight their achievements and gain the recognition they deserve.

The award will recognise outstanding achievements in