Seventh Agri Udaan 3.0 roadshow to be held on 27thSeptember 2019
Guwahati, 24 September 2019: a-IDEA, Technology Business Incubator of NAARM will organize the 7th roadshow of the 3rd edition of its flagship Food and Agribusiness Accelerator program titled AGRI UDAAN® 3.0in Guwahati on 27th September 2019. a-IDEA at NAARM has launched the 3rd edition of its flagship Food and Agribusiness Accelerator program titled AGRI UDAAN® 3.0 on 31st August 2019 at Hyderabad. The first roadshow was held in Bengaluru followed by roadshows in Pune, Patna, Lucknow, Gurugram and Bhopal. The seventh roadshow will be held in Guwahati on September 27th,2019 North Eastern Development Finance Corporation Ltd (NEDFi), GS Rd, Sanket Vihar, Dispur, Sarumotoria, Guwahati. The event is scheduled to be attended by entrepreneurs, corporates, investors, key government functionaries among other startup ecosystem stakeholders. This roadshow is aimed to sensitize above mentioned stakeholders and also to promote the Food and Agribusiness startup ecosystem. Willing participants are welcome to register for free on the spot from 2:00 PM onwards and witness the event.
About AGRI UDAAN®
AGRI UDAAN® is a Food & Agribusiness Accelerator organized by a-IDEA, NAARM. This accelerator program focuses on catalyzing scale-up stage Food and Agribusiness startups through rigorous mentoring, industry networking and investor pitching. a-IDEA, NAARM, launched India’s 1st Food & Agribusiness Accelerator with CIIE, IIM-A in 2015, in which 192 startups applied, out of which, 20 startups were mentored and 8 startups were supported through capacity building. Out of these 8 startups, 3 startups raised funding to the tune of INR 3 crore. Further in 2017, the 2nd edition of Food and Agribusiness Accelerator “Agri Udaan 2.0” was launched with the support of Department of Science and Technology (DST), GoI in association with Caspian Impact Investments, Yes Bank, Marico Innovation Foundation, and NeML among other partners. 579 startups had applied, out of which 40 startups were mentored, 10 startups cohort was shortlisted and supported further, out of which 3 startups raised funding to the tune of INR 6.25 Cr.
a-IDEA (Association for Innovation Development of Entrepreneurship in Agriculture), is a Technology Business Incubator (TBI) hosted by ICAR-National Academy of Agricultural Research Management (ICAR-NAARM), Hyderabad. It is a flagship Agri focused incubator launched under the Startup India initiative in 2014 and is supported by the Department of Science & Technology, Govt. of India. Its mission is to support powerful agribusiness and technology ventures through capacity building and facilitating access to knowledge and resources. The efforts of a-IDEA since its inception have led it to be conferred with the National Award for Best Emerging Technology Incubator for 2017.
Details of Agri Udaan 3.0
Agri Udaan, Food and Agribusiness Accelerator 3.0 is a six-month program in which a-IDEA conducts roadshows across the country for the first month in which the application window for startups to apply is also open from August 31st, 2019 to October 6th 2019. The startups are then shortlisted by three layers of screening, virtual and physical, after which the final cohort of startups will be finalized.
The final startup cohort will undergo 3-day capacity building workshop at a-IDEA in ICAR-NAARM campus, Hyderabad, in November 2019 followed by rigorous three month mentoring and networking activities (November and December 2019, January 2020) supported by mentors helping them on different areas of scaling up including Marketing, Sales, R&D, Legal, Finance, IP, Technology, Investment etc. (based on the milestones set by the startups to scale up during the capacity building workshop). After undergoing a three-month rigorous acceleration phase, the startups will pitch in front of numerous Institutional and Angel investors in 2 demo days scheduled in Bengaluru and Mumbai on February 2020.
Going by the achievements of a-IDEA, NAARM, and Agri Udaan in nurturing and scaling innovative Food and Agribusiness startups, Agri Udaan 3.0 promises to develop on past glory and make further inroads into boosting Indian Agriculture by way of startup innovations.
Food and Agritech startups aspiring to scale up, Apply for Agri Udaan 3.0. The last date of filling AGRI UDAAN® applications is 6th of October 2019.