The Startup Agri-Business Incubation Programme provides seed funding up to Rs. 25 lakhs to startups with innovative agricultural solutions. The funding helps launch products, scale operations, and attract further investments. The amount is determined by the RKVY-RAFTAR Committee and the CIC based on the startup’s needs and business plan. The programme aims to provide timely support, enable product development, and offer a platform for rapid experimentation and scaling.
Startup Agri-Business Incubation Programme 2024
Eligibility
The eligibility criteria for Startup Agri-Business Incubation Programme 2024 are:
- Firstly, the CIC evaluates all incubatees’ consistent performance for funding eligibility.
- Next, the applicant must be a legally registered entity in India.
- Furthermore, the applicant must qualify as an Indian start-up according to the DIPP notification. This excludes Indian subsidiaries of foreign companies or MNCs.
- Finally, a start-up that has received support once cannot apply for subsequent seed support rounds.
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Benefits
The benefits of the Startup Agri-Business Incubation Programme 2024 are:
- Startups gain from branding and PR.
- They receive assistance in developing business and financial models.
- Business coaching, training, and mentoring are provided.
- Funding is a key benefit.
- Support is given for infrastructure needs.
- Help is offered for intellectual property development.
- Networking opportunities and investor connections are facilitated.
- Assistance is provided for pitch deck preparation.
- Support is extended for technology commercialization and pilot projects.
Application process
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