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It’s a competition that intends to bring out the best ideas in agribusiness and allied fields. The contestants will be from seven universities. The prizes worth a couple of lakhs are up for grabs.
To be held at the University of Agricultural Sciences, Bengaluru, on December 1, the event is being sponsored by Alltech, a global company involved in the development of products related to human and animal nutrition.
This is the first time the Alltech Innovation competition is being held in India. Earlier, it was hosted in Dunboyne, Ireland and Kentucky, US. The objective is to motivate students with ideas to take them forward to successes in the food and agricultural industries, says a press release.
The seven finalists from all-over India will be the Indian Institute of Management, Ahmedabad, Indian Institute of Management, Lucknow, University of Agricultural Sciences, Bangalore, Institute of Rural Management Anand, Gujarat, Tamil Nadu Agricultural University, Coimbatore, Indian Institute of Plantation Management, Bangalore & University of Agricultural and Horticultural Sciences, Shivamogga.
The competing students from the universities will unveil their business plans that could help boost the economic potential of food and agricultural industries. The prize money is expected to act as seed fund towards a potential agribusiness startup.
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