Kozhikode: Giving a boost to agricultural innovation in the state, startups incubated by the Agri Business Incubator of the University of Agriculture of Kerala (KAU-RABI) pocketed central funds worth 1.9 crore rupees.
Agricultural innovations, which were selected for seed funding from Rashtriya Krishi Vikas Yojana – Rewarding Approaches for the Rejuvenation of Agriculture and Allied Sectors (RKVY-RAFTAAR) included innovations such as Charles Vijay’s Neera tapping device Varghese, biodegradable coconut leaf straws from Saji Varghese, cashew sprout products from Brijith Krishna, a specialized dryer using microwave technology from Priya Rao, and four other innovations.
The pre-seed stage grant was received by Achuthan Nedunghat for the heat pump drying system, Jemshihas AP for the PID-based small-scale automatic egg incubator and Rajath Navas for the ready-to-drink drinks. serve in autoclave bags, with the exception of two other innovations.
Up to eight startups have been selected for start-up category funding totaling Rs 171 lakh while five startups will receive pre-seed funding of Rs 25 lakh. The second cohort of startups incubated under KAU RABI completed a two-month online training course during fiscal year 2020-21.
R Chandra Babu, Vice Chancellor of the Agricultural University of Kerala, said that KAU RABI plans to double farmers’ incomes by setting up innovation-driven businesses through technical and business mentoring, exposure to incubation models and an orientation towards entrepreneurial culture for agriculture and related sectors.
While the agropreneurship orientation program in the pre-seed phase aims to promote the development of the idea to the prototype with financial support of up to Rs 5 lakh, the incubation program for startups in the pre-seed phase The seed, which assists early stage agricultural startups for product scale-up, commercial launch and with funding, has a funding component of up to Rs 25 lakh.
Last year, 16 KAU RABI incubators received a grant of Rs. 1.9 crore from RKVY RAFTAAR.
“KAU-ABI would frame advanced research in agriculture and related fields, organize experiential learning sessions on identifying viable business ideas, transform business ideas into business models, analyze feasibility and profitability, conduct market research and communicate branding, labeling and packaging principles, quality assurance standards and protocols. The center also advises on credit facilities, technology solutions , facilitating institutions, accounting principles, human and financial management, etc. head, KAU RABI.


Source link