Agriculture continues to be the mainstay of the economy with more than 70% of the rural population and 50% of total work force dependent on it for livelihood. While agri startups in India have made a head way, the Agri-startup boom is yet to proliferate in the Northern Karnataka. The area is blessed with the bounty of nature and the region is largely rural, with myriad agricultural and allied production dominating the agri landscape. Some of the positive implications for AgriTech-Startups include:
1. Encouraging more buying and selling within the rural boundary.
2. Contractual buying and contractual farming within the aegis of the boundary.
3. Assured market for farm products which will in turn encourage local rural economy.
4. Concurrent migration of people from rural to urban areas.
5. Boosting the local village economy by eradicating the problem of uncertainty of the farmers as well as that of rural economy.
a. To achieve "Lab to land" by dissemination of new technology /varieties to farmers through promoting a culture of Agri startups.
b. To promote innovation, entrepreneurship and business creation in agriculture and allied sector by skill development, capacity building and technology scale up.
c. To create employment opportunities for youth in agriculture in the rural vicinity.
d. To promote an integrated approach for technology acquisition, R&D, commercial technology transfer and knowledge dissemination.
e. To facilitate evolution of an Agri-startup ecosystem by support for cost effective, value added services including technical, legal, financial, intellectual property and regulatory compliance related services to Agripreneurs.
f. To build a vibrant Agri-startup ecosystem, by establishing a network between academia, financial institutions, industries and other related institutions.
g. Capacity building of existing Agri-business incubators as R-ABIs to achieve related objectives.
h. To generate/provide innovative solution to meet local and global agriculture and business challenges, and competitiveness.
177 Start-Ups Incubated
48 Start-Ups Received Financial Support
150+ Jobs Created
45+ Start-Up Events