A total of ₹14.6 crore has been disbursed to start-ups at “Uttishtha 2024”, the seventh edition of the agri start-up expo organised by the Foundation for Innovation and Entrepreneurship Development (FIED) and E-Cell at IIM-Kashipur, under the start-up support schemes.

Of this amount, ₹1.35 crore has been sanctioned to 13 agri-focused startups by RKVY RAFTAAR RABI scheme by the Union Ministry of Agriculture and Farmers Welfare in 2023-24, and ₹2.89 crore sanctioned to 13 startups under Startup India Seed Fund Scheme.

A media statement said a number of startups, which have been aided by IIM-Kashipur’s FIED, have raised ₹320 crore and more in funding from outside venture capital firms and angel investors.

Assistance for Uttarkhand start-ups

Under the Union Ministry of Agriculture and Farmers Welfare’s RKVY RAFTAAR RABI scheme, IIM-Kashipur FIED has provided funding and business training to around 200 startups since its founding in 2018, including 68 with focus on agriculture.

Quoting Kulbhushan Balooni, Director of IIM-Kashipur, the statement said: “Because of IIM-Kashipur’s commitment to regional development, we are attempting to assist Uttarakhand-based agri-tech enterprises, thus making IIM-Kashipur distinctive among the league of leading b-schools. FIED has incubated 189 startups since its inception in 2018, which in turn has created more than 3000 jobs. IIM-Kashipur has already had an impact on more than seven lakh farmers.”

Safal Batra, Managing Director of FIED and chairperson of E-Cell at IIM-Kashipur, said the Government has granted Atal Community Innovation Centre to IIM-Kashipur.

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