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Startup Incubation in Agriculture in
Indian Context
Doctoral Seminar I on
Course In-charge
Dr. Aditya Sinha
Dept. of Extension Education
BAC, Sabour
Major Advisor
Dr. Anil Paswan
Dept. of Extension Education
BAC, Sabour
Presented by
Pappu Kumar Yadav
Ph.D. (Semester-3rd)
Roll. No- D/EXTN/3410/2022-23
Dept. of Extension Education
BAC, Sabour
Bihar Agricultural University, Sabour, Bhagalpur- 813210
Structure of the Presentation
01
04
02
05
03
06
Indian Agriculture
Startup
Agri-Startup
Startup Incubation
Incubation Scenario in Bihar
References
Indian
Agriculture
01
Introduction to Indian Agriculture: Significance
in the Indian Economy
Agriculture plays a vital role during the initial stage of economic
transformation. The growth of the agricultural sector is a precondition for
the growth of all other activities.
 Employment: Over 70% of rural households depend on agriculture
for their livelihood. However, the workforce in this sector is often
seasonal, under-employed, and underpaid.
 GDP Contribution: Agriculture contributes approximately 18.3% to
India’s total GDP. Despite challenges, it remains a critical sector for the
country’s long-term and inclusive economic growth (PIB, 2023).
 Impressive Growth: Indian agriculture has witnessed impressive
growth over the last few decades, reflecting its resilience and
adaptability.
Source- https://rb.gy/t26nt9
Opportunities for Advancements:
Technological Solutions: Adoption of precision agriculture,
IoT devices, drones, and AI-powered tools can enhance
productivity and efficiency.
Financial Support: Government schemes, subsidies, and
private investments can provide financial resources for
modernization.
Climate-Smart Agriculture: Implementing practices like
conservation agriculture, water-saving techniques, and resilient
crop varieties can mitigate climate risks.
Market Innovations: Developing value chains, promoting agri-
entrepreneurship, and leveraging e-commerce platforms can
improve market access and profitability.
Challenges in Indian Agriculture: Current Scenario
Lack of Modernization: Outdated farming practices and
limited adoption of modern technologies.
Small Landholdings: Fragmentation of land holdings leads to
inefficiencies in farming, lower economies of scale, and
challenges in accessing credit and technology.
Climate Change Impact: Climate variability, erratic weather
patterns, and natural disasters like floods and droughts pose
significant threats to agricultural productivity.
Market Access Issues: Limited market infrastructure, price
volatility, and lack of efficient value chains contribute to
challenges in accessing markets and obtaining fair prices for
farmers' produce.
Source- https://rb.gy/qyzuc2
Source- https://rb.gy/md0r2g
Startup
02
 A startup is a newly established business venture,
typically characterized by innovation, scalability,
and a high growth potential. Startups are often
associated with technology, disruptive business
models, and a focus on addressing market gaps or
solving specific problems (Shane and Venkatraman,
2020).
 Startup means an entity, incorporated or registered
in Indian not prior to 5 years, with annual turnover
not exceeding Rs. 25 crore in any preceding
financial year, working towards innovation,
development or commercialization of new product,
processes or services driven by technology or
intellectual property (DPIIT, 2016).
Startup
1 Lakh +
Startups
recognized
by DPIIT
12.42 Lakh
Jobs reported by
39,000+ startups
670+
Districts with
atleast one
recognized
startup
48%
of the
recognized
startups have
at least one
woman director
30
States and
UTs have a
dedicated
startup policy
Rs 4,509 Crore
of investments made in
384 startups through the
Fund of Funds scheme
53,226
orders received
by startups with
a value of over
Rs 2,279 Crores
through GeM
portal
39
regulatory
reforms enabled
with the help of
various Ministries
319
eligible
startups have
been granted
exemption under
80-IAC of the
Income Tax Act
STARTUP INDIA IN NUMBERS (JAN 2016-DEC 2023)
(Source- DPIIT Report, 2023)
The Action Plan
SIMPLIFICATION & HANDHOLDING
 Startup India Hub
 Rolling out of mobile app and portal
 Legal support and fast-tracking patent examination at lower costs.
 Relaxed norms of public procurement for startups
 Faster exit for startups
INDUSTRY-ACADEMIA PARTNERSHIP & INCUBATION
 Organizing startup fests for showcasing innovation and
providing a collaboration platform.
 Launch of Atal Innovation Mission (AIM) with Self Employment
and Talent Utilization (SETU) programme
 Harnessing private sector expertise for incubator setup
 Building innovation centers at national institutes
FUNDING SUPPORT & INCENTIVES
 Provision of funding support through a Fund of Funds with a corpus of
Rs 10,000 crore
 Tax exemption on capital gains
 Tax exemption to startups for three years
 Tax exemption on investments above fair market value
Key
Pillars
Startup India Report (Up to 2023)
Agri-
Startup
03
• India is the second-largest agricultural
landholders with around 50% of Indians are
making their livelihood from agriculture so the
role of agri-startups is so crucial in creating
opportunities for peoples (Surliya et al., 2021).
• Agri-startups are defined as innovative
enterprises operating in the agriculture sector
that utilize technology, data analytics, and novel
business models to address challenges and create
opportunities for sustainable growth, efficiency,
and resilience in farming practices and agri-
related activities (Singh et al., 2020).
• Startups in the field of agriculture and it’s allied
sector is known as Agri-Startup.
Agri-Startup
Driving Innovation
Introducing Efficient
Farming Techniques
Resource Optimization
Promoting Value Addition
In Agricultural Products
Enhance Productivity
Profitability
Food Security
Climate Change
Adaptation
Need
(Liu et al.,2020)
Funding Sources
In the beginning, expenses
are more than the revenues
Because of more expense, they
require financing
They can be funded from
different sources
Source- http://surl.li/rsddq
Source- http://surl.li/rsdgk
Personal Investment
Most appealing source of
financing, using own money to
jumpstart business and don’t owe
anyone else in the process.
Crowdfunding
This involves funding a business
by taking small amounts of
capital from a large number of
people, usually via the internet.
Angel Investors
Wealthy individuals who will
provide funding in exchange for a
share of equity in the startup.
Venture Capital
Venture capitalists are all about the
money, and only invest in businesses
that have the potential of providing
good returns on their investment
Bank Loans
Bank loans are a popular source of
funding for many startups.
Startup Incubators & Accelerators
Early stage businesses can consider
Incubator and Accelerator programs
as a funding option. Found in almost
every major city, these programs
assist hundreds of startup businesses
every year.
Startup
Incubation
04
Startup Incubation: An Overview
HISTORY:
 The formal concept of incubation began in the USA in 1959
when Joseph Mancuso opened Batavia Industrial Center in
Newyork..
 It expanded in the US in 1980s and spread to the UK and
Europe through various related forms (innovation centers,
science park).
Batavia Industrial Center (Now)
 In order to build a solid and sustainable startup foundation,
one needs expert guidance and hand holding. In the start up
world we call them incubators and the process is called
incubation.
The startup scene in India is on a rise like never
before
 Incubators are technology-driven enterprises that accelerate the commercialization of
innovations and research outputs, boosting the growth and survival rate of technology-based
startups from 30% to 70% (NSTEDB, 2016a).
 Incubators in creating a supportive environment for startups, facilitating knowledge
exchange, and promoting collaboration among entrepreneurs, investors, and industry experts
(De Clercq et al., 2022).
 Startup incubation supports entrepreneurs in developing startup ideas, refining models,
accessing funding, and building sustainable ventures through activities like startup
planning, market research, product development, and networking (Hackett & Dilts, 2023).
 Agri-Startup incubation nurtures innovative agricultural startups, supporting their growth
and success by creating a conducive ecosystem for developing, testing, and scaling ideas,
technologies, and business models in agriculture.
Regional Agri
Startup Hubs
Types
Agribusiness
Incubators (ABIs)
Public Sector Research
Institutional Funded Types
Private, Non-Profit
Funded Institutions
Technology Business
Incubators
Academic
Incubators
How do they help?
 Many companies lack the necessary networks and
expertise to ensure optimal growth and success for
their business.
 Startup incubators play a crucial role in assisting
these companies in achieving growth and success.
Incubators
Incubation Process
Pre-Incubation
Incubation
Post-Incubation
Pre-Incubation Incubation Post-Incubation
 Innovation
assessment
 Startup plan
elaboration
 Startup modeling
 Training
 Access to finance
 Coaching and
mentoring
 Advanced startup
planning
 Internationalization
support
 Technology
commercialization
 Startup development
Expansion
Incubation
Startup Creation
Evaluate
Your Needs
Research
Incubators
Consider
Location
Look at Selection
Process
Network with
Other Startups
How to choose an Incubator ??
Some of Key Incubator and
Accelerator for Agri-Startup in India
AGRI UDAAN
 AGRI UDAAN is India’s 1st Food & Agribusiness accelerator organised by
NAARM, a-IDEA and IIM-A, CIIE in partnership with Caspian Impact
Investment and supported by DST.
 The impact of AGRI UDAAN includes that 200 agribusiness startups have
applied for the accelerator program, 40 startups mentored, end to end
capacity for 8 startups in their value chain and 3 out of 8 startups mentored
received a total of funding worth ~2.5 Cr INR.
 The impact of CIIE includes 500 ventures trained, incubate or
accelerated, 3000 jobs generated, 100 startups seed funded and many
more.
 It has launched a food and agri-business accelerator in partnership
with a-IDEA- the business incubator at National Academy of
Agricultural Research Management (NAARM).
Centre for Innovation
Incubation and
Entrepreneurship
(CIIE)
 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, Hyderabad (ICAR- NAARM) & Department
of Science & Technology, Govt. of India (DST, GOI).
a-IDEA
(Association for Innovation
Development of
Entrepreneurship
in Agriculture
International Crops
Research Institute for
the Semi-Arid
Tropics (ICRISAT)
 In December 2002, the International Crops Research Institute for the
Semi-Arid Tropics (ICRISAT), a non-profit organization, joined forces
with the Department of Science & Technology (DST), an Indian
government agency, to develop an agribusiness incubator (ABI) at
ICRISAT.
Agri-Tech Start-
up Accelerator
CIE, Hyderabad
 IIIT-Hyderabad and National Institute of Agricultural Extension
Management (MANAGE) have signed an MoU to start an Agri
tech startup accelerator programme.
 The Agri Tech Startup Accelerator Programme will identify,
support and facilitate idea-stage enterprises using latest
technologies and innovations to solve agriculture specific issues
faced in India.
Source: NASSCOM, 2018b; FICCI, 2018
INCUBATION CENTRES
RKVY-RAFTAAR - KPs
North East Agriculture Technology Entrepreneurs Hub (NEATEHUB) is
an Agribusiness incubator of Assam Agricultural University. It has been
recognized as an “Atal Incubation Centre” by NITI Aayog and also as a
knowledge partner under the RKVY-RAFTAAR scheme.
Pusa Krishi is an agriculture innovation hub known for its world-class
technology, deep sector knowledge, and transformational impact
Ministry of Agriculture & Farmers’ Welfare, Government of India for
the biggest agri-business incubation scheme RKVY-RAFTAAR
The center's main focus is to promote the development of innovative
products of Start-ups, which cater to the most disruptive problems in
the agricultural sector. It aims at creating more employment
opportunities and wealth creation, thus adding to the inclusive growth
of the country’s GDP.
RKVY-RAFTAAR – (R-ABI)
IGKV R-ABI is an agri-innovation hub and agri-business incubation center of
Indira Gandhi Krishi Vishwavidyalaya, Raipur Chhattisgarh, India. It is
supported by the Department of Agriculture, Cooperation & Farmers Welfare,
Ministry of Agriculture & Farmers Welfare, Govt. of India, New Delhi under the
RKYV-RAFTAAR Scheme.
UTKARSH-PDKV, Agri-Business Incubation Centre, Dr. Panjabrao Deshmukh
Krishi Vidyapeeth, Akola established under the Rashtriya Krishi Vikas Yojna
(RKVY) is in order to promote agripreneurship and agribusiness by providing
financial support and nurturing the incubation ecosystem.
Sabour Agri Incubators (SABAGRIs) seeks to identify, incubate and assist
start-ups whose business models have relevance for rural, social impact, and
farmer’s perspective and networking for providing solutions to agro and
allied business.
THRUST AREA
OBJECTIVES
FACILITIES
Centre for Agribusiness Incubation and Entrepreneurship (CAIE)
Rajmata Vijayaraje Scindia KrishiVishwavidyalaya, Gwalior
Supported By: National Bank For Agriculture And Rural Development
Agribusiness, Farm Management, Service
Sector, Food Processing, Biotechnology, etc.
Petroleum products from plastic waste,
Antiseptic ointment from herbal waste,
Herbal Drinks, Biogas from aquatic weeds
Agri-business incubation and creation of a
dynamic ecosystem
TECHNOLOGIES
COMMERCIALIZED
Coworking spaces, skilling, mentoring,
processing and product prototype
development labs.
THRUST AREA
OBJECTIVES
FACILITIES
TechnologyIncubationCenter
Lala Lajpat Rai University of Veterinary and Animal Sciences, Hisar
LUVAS FMD-Loss Calculator, Haemorrhagic
Septicaemia Diagnostc Kit (Patent #432740)
Technical and handholding support for micro food
processing enterprises, FPOs/SHGs and
Cooperatives
TECHNOLOGIES
COMMERCIALIZED
Coworking space, mentoring and laboratory
support for product development
Dairy and Meat Technology,
Diagnostics, and Feed Technology
THRUST AREA
OBJECTIVES
Startup Incubation and Entrepreneurship Development Society
(Pant STRIEDS)
GB Pant University of Agriculture and Technology Pantnagar
Supported By: Startup Uttarakhand, Government of Uttarakhand
Food Processing and Agriculture
To mentor and incubate
emerging startups
FACILITIES
Grinding of cold pressed wheat & multi grain flour
using water powered mills by
M/5 KB System Private Ltd.. Phosphorus rich organic
manure for use in organic farming by M/S Tarai Gold
Chemicals Pvt. Ltd
Medicinal and aromatic plant based organic products
by M/S Kimalava Naturals Private Ltd.
THRUST AREA
OBJECTIVES
Center for Startup Facilitation
Dr. Rajendra Prasad Central Agricultural University, Pusa, Bihar
To develop agripreneurial ecosystem in Bihar
Agriculture
Supported by: RKVY-RAFTAAR
FACILITIES
Coworking space, mentoring and laboratory
support for product development
THRUST AREA
Sabour Agri Incubators (SABAGRIS)
Bihar Agricultural University, Sabour Bhagalpur
Supported by: RKVY-RAFTAAR
Entrepreneurship and Business Creation in
Agriculture and allied Sector
OBJECTIVES
To nurture potential agripreneurs by providing
training cum internship with other startups to
provide them practical, technical and business
insights
Coworking space, mentoring and laboratory
support for product development
FACILITIES
Incubation
Scenario in Bihar
05
58th
30th
64th
44th
15th
11th
25th
Institutional
Support
Fostering Innovation and
Entrepreneurship
Access to
Market
Funding Support
Capacity Building of Enablers
Incubation &
Mentorship Support
Roadmap to a
Sustainable Future
Bihar's
Startup
Ranking
2022
Results
Source: Startup Ranking Report by DPIIT (2022)
Bihar: Incubation and Mentorship Support
 Incubation and Mentorship support is provided to
States/UTs in the form of financial and
infrastructural support to Startups and State-
supported incubators.
 The State understands the importance of Incubation
Centers for Startups.
 The Bihar Startup Policy 2022 lays down the
financial assistance for setting up of new incubators
(both physical and virtual) and expanding State
supported Incubators.
State Performance
~50
20+
Registered Mentors
State Supported
Incubators functioning
Venture Park collaborates with the Government of Bihar and investors to
provide capital support to deserving entrepreneurs. The incubator offers
state-of-the-art co-working spaces that facilitate the exchange of
knowledge and information among startups from diverse domains,
including agriculture technology, education technology, e-commerce, and
service aggregation.
AIC-Bihar Vidyapith – AIC Bihar Vidyapith, supported by Atal Innovation
Mission and NITI Aayog, is dedicated to building a robust startup
ecosystem in Bihar. As the Business Incubation Center of the Department of
MSME, Government of India, they focus on nurturing grassroots
innovations and supporting startup founders in achieving their goals.
Incubation Centre IIT Patna – The incubator at IIT Patna is a collaborative
effort between the State Government of Bihar and the DeitY Government
of India, with the former providing matching funds and the support.
Bihar Entrepreneurs Association is a non-profit organization that was
established in 2011 and has grown to include 18,000 members who work
voluntarily at the block and district level to promote entrepreneurship
and innovation on a global scale. The association has city and
international chapters and has conducted 100 Startup Yatras and over
250 workshops, engaging in one-on-one interactions with more than 1.5
lakh youth over six years.
Source- https://startup.bihar.gov.in/startup-cell-and-incubators-list
SABAGRIs has launched a “Startup Agri-Business Incubation Program &
Agripreneurship Orientation Programme” to promote agri-startups by
providing a grant-in-aid of up to Rs.25 lakhs. This seed funding is available
to potential startups that have a minimum viable product (MVP) based on
innovative solutions, processes, products, services, or business models in
the agriculture and allied sector.
SABAGRIS
Some of the Startup
Incubated by
Startup
Name
Person
Associated with
Programme
Associated with
About the Startup
Abhijeet Narayan
SABSWAVLAMBI
(SAIP-I) 2019-20
Indoor Pollution control through NASA Approved
Plants, selling through malls & super markets with
of door-step delivery along with mail services (a
complete package of household plantation)
Abhinav Anand
Agripreneurship
Orientation Program-I
(SABUMANG)
Manufacturing and marketing of fortified Atta and
helping consumer to take care of lifestyle diseases.
Ajit Kumar
Startup Agri-Business
Incubation Program-III
(SABSWAVLAMBI)
Manufacturing and marketing of AI-driven device
for farm surveillance, crop protection &
management along with clean energy based farm
equipment & machinery for small and marginal
farmers to reduce input cost.
Startup
Name
Person
Associated
with
Programme
Associated with
About the Startup
Santosh Kumar
Startup Agri-
Business Incubation
Program-I
(SABSWAVLAMBI)
Anand Sagar Natural Dairy Farm Pvt. Ltd. Working on
integrated Sahiwal cow rearing value chain to increase
the income of small dairy producers and provide
premium quality milk to the health-conscious urban
households. Maintaining the supply chain through
Block-chain technique
Aradhana
Kumari
Agripreneurship
Orientation Program-
III (SABUMANG)
IoT, ICT services for maintaining poultry farmer and
providing logistics for supply chain management
through digital Platform by aggregating all the
stakeholders of poultry business.
Source- https://www.sabagris.com/startup-funded-startups
References
• Anupam, A., & Saravanan, R. (2019). Agritech Startups: The Ray of Hope in Indian Agriculture.
Discussion Paper 10, MANAGE-Centre for Agricultural Extension Innovations, Reforms and
Agripreneurship, National Institute for Agricultural Extension Management (MANAGE),
Hyderabad, India.
• Hackett, S., & Dilts, D. (2023). Startup incubation: A review and research agenda. Journal of
Business Venturing, 38(1), 101225.
• PIB, GoI, Ministry of MSME, (2020). Champions Portal based on ICT operationalized to help
MSMEs utilize opportunities, Dec 31, 2020.
• Shane, S., & Venkataraman, S. (2000). The promise of entrepreneurship as a field of
research. Academy of management review, 25(1), 217-226.
• Singh, A., Singh, R., & Kumar, A. (2020). "Role of Agri-Startups in Transforming Indian
Agriculture: A Review." International Journal of Current Microbiology and Applied Sciences,
9(10), 2517-2526.
WEB References
• Department for Promotion of Industry and Internal Trade (2016), Government of India. (n.d.). "Startup India -
Definition of Startup." Retrieved from https://www.startupindia.gov.in/content/sih/en/startupgov/startup-
recognition-page.html
• FICCI (2018) Agri start-ups: Innovation for boosting the future of agriculture in India. Retrieved from
http://ficci.in/publication.asp?spid=23049
• NASSCOM (2018b). Agritech In India-Maxing India Farm Output. Retrieved from https://www.
nasscom.in/knowledge-center/publications/agritech-india-%E2%80%93-maxing-india-farm-output.
• Surliya, V., Anubhav, & Kiran. (2021, July). Agri start-up in India: opportunities and performance in Indian
context. www.justagriculture.in. https://www.researchgate.net/publication/353257503_Agri_Start-
up_in_India-_Opportunities_and_Performance_in_Indian_Context
• DPIIT. (2023). PRABHAAV-Powering a Resilient & Agile Bharat for the Advancement of Visionary Startups.
Department for Promotion of Industry and Internal Trade. New Delhi: Ministry of Commerce and Industry.
Retrieved 2023, from file:///C:/Users/patel/Desktop/Thesis/Credit/Credit%20Material/Factbook-100K-
Recognitions%2016-23.pdf
Failure is an option if the things are not
failing then you are
not innovating enough
All you need passion and
perseverance……
Martin Uzochukwu Ugwu

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Startup Incubation in Agriculture Sector.pptx

  • 1. Startup Incubation in Agriculture in Indian Context Doctoral Seminar I on Course In-charge Dr. Aditya Sinha Dept. of Extension Education BAC, Sabour Major Advisor Dr. Anil Paswan Dept. of Extension Education BAC, Sabour Presented by Pappu Kumar Yadav Ph.D. (Semester-3rd) Roll. No- D/EXTN/3410/2022-23 Dept. of Extension Education BAC, Sabour Bihar Agricultural University, Sabour, Bhagalpur- 813210
  • 2. Structure of the Presentation 01 04 02 05 03 06 Indian Agriculture Startup Agri-Startup Startup Incubation Incubation Scenario in Bihar References
  • 4. Introduction to Indian Agriculture: Significance in the Indian Economy Agriculture plays a vital role during the initial stage of economic transformation. The growth of the agricultural sector is a precondition for the growth of all other activities.  Employment: Over 70% of rural households depend on agriculture for their livelihood. However, the workforce in this sector is often seasonal, under-employed, and underpaid.  GDP Contribution: Agriculture contributes approximately 18.3% to India’s total GDP. Despite challenges, it remains a critical sector for the country’s long-term and inclusive economic growth (PIB, 2023).  Impressive Growth: Indian agriculture has witnessed impressive growth over the last few decades, reflecting its resilience and adaptability. Source- https://rb.gy/t26nt9
  • 5. Opportunities for Advancements: Technological Solutions: Adoption of precision agriculture, IoT devices, drones, and AI-powered tools can enhance productivity and efficiency. Financial Support: Government schemes, subsidies, and private investments can provide financial resources for modernization. Climate-Smart Agriculture: Implementing practices like conservation agriculture, water-saving techniques, and resilient crop varieties can mitigate climate risks. Market Innovations: Developing value chains, promoting agri- entrepreneurship, and leveraging e-commerce platforms can improve market access and profitability.
  • 6. Challenges in Indian Agriculture: Current Scenario Lack of Modernization: Outdated farming practices and limited adoption of modern technologies. Small Landholdings: Fragmentation of land holdings leads to inefficiencies in farming, lower economies of scale, and challenges in accessing credit and technology. Climate Change Impact: Climate variability, erratic weather patterns, and natural disasters like floods and droughts pose significant threats to agricultural productivity. Market Access Issues: Limited market infrastructure, price volatility, and lack of efficient value chains contribute to challenges in accessing markets and obtaining fair prices for farmers' produce. Source- https://rb.gy/qyzuc2 Source- https://rb.gy/md0r2g
  • 8.  A startup is a newly established business venture, typically characterized by innovation, scalability, and a high growth potential. Startups are often associated with technology, disruptive business models, and a focus on addressing market gaps or solving specific problems (Shane and Venkatraman, 2020).  Startup means an entity, incorporated or registered in Indian not prior to 5 years, with annual turnover not exceeding Rs. 25 crore in any preceding financial year, working towards innovation, development or commercialization of new product, processes or services driven by technology or intellectual property (DPIIT, 2016). Startup
  • 9. 1 Lakh + Startups recognized by DPIIT 12.42 Lakh Jobs reported by 39,000+ startups 670+ Districts with atleast one recognized startup 48% of the recognized startups have at least one woman director 30 States and UTs have a dedicated startup policy Rs 4,509 Crore of investments made in 384 startups through the Fund of Funds scheme 53,226 orders received by startups with a value of over Rs 2,279 Crores through GeM portal 39 regulatory reforms enabled with the help of various Ministries 319 eligible startups have been granted exemption under 80-IAC of the Income Tax Act STARTUP INDIA IN NUMBERS (JAN 2016-DEC 2023) (Source- DPIIT Report, 2023)
  • 10. The Action Plan SIMPLIFICATION & HANDHOLDING  Startup India Hub  Rolling out of mobile app and portal  Legal support and fast-tracking patent examination at lower costs.  Relaxed norms of public procurement for startups  Faster exit for startups INDUSTRY-ACADEMIA PARTNERSHIP & INCUBATION  Organizing startup fests for showcasing innovation and providing a collaboration platform.  Launch of Atal Innovation Mission (AIM) with Self Employment and Talent Utilization (SETU) programme  Harnessing private sector expertise for incubator setup  Building innovation centers at national institutes FUNDING SUPPORT & INCENTIVES  Provision of funding support through a Fund of Funds with a corpus of Rs 10,000 crore  Tax exemption on capital gains  Tax exemption to startups for three years  Tax exemption on investments above fair market value Key Pillars Startup India Report (Up to 2023)
  • 12. • India is the second-largest agricultural landholders with around 50% of Indians are making their livelihood from agriculture so the role of agri-startups is so crucial in creating opportunities for peoples (Surliya et al., 2021). • Agri-startups are defined as innovative enterprises operating in the agriculture sector that utilize technology, data analytics, and novel business models to address challenges and create opportunities for sustainable growth, efficiency, and resilience in farming practices and agri- related activities (Singh et al., 2020). • Startups in the field of agriculture and it’s allied sector is known as Agri-Startup. Agri-Startup
  • 13. Driving Innovation Introducing Efficient Farming Techniques Resource Optimization Promoting Value Addition In Agricultural Products Enhance Productivity Profitability Food Security Climate Change Adaptation Need (Liu et al.,2020)
  • 14. Funding Sources In the beginning, expenses are more than the revenues Because of more expense, they require financing They can be funded from different sources Source- http://surl.li/rsddq Source- http://surl.li/rsdgk
  • 15. Personal Investment Most appealing source of financing, using own money to jumpstart business and don’t owe anyone else in the process. Crowdfunding This involves funding a business by taking small amounts of capital from a large number of people, usually via the internet. Angel Investors Wealthy individuals who will provide funding in exchange for a share of equity in the startup. Venture Capital Venture capitalists are all about the money, and only invest in businesses that have the potential of providing good returns on their investment Bank Loans Bank loans are a popular source of funding for many startups. Startup Incubators & Accelerators Early stage businesses can consider Incubator and Accelerator programs as a funding option. Found in almost every major city, these programs assist hundreds of startup businesses every year.
  • 17. Startup Incubation: An Overview HISTORY:  The formal concept of incubation began in the USA in 1959 when Joseph Mancuso opened Batavia Industrial Center in Newyork..  It expanded in the US in 1980s and spread to the UK and Europe through various related forms (innovation centers, science park). Batavia Industrial Center (Now)  In order to build a solid and sustainable startup foundation, one needs expert guidance and hand holding. In the start up world we call them incubators and the process is called incubation.
  • 18. The startup scene in India is on a rise like never before  Incubators are technology-driven enterprises that accelerate the commercialization of innovations and research outputs, boosting the growth and survival rate of technology-based startups from 30% to 70% (NSTEDB, 2016a).  Incubators in creating a supportive environment for startups, facilitating knowledge exchange, and promoting collaboration among entrepreneurs, investors, and industry experts (De Clercq et al., 2022).  Startup incubation supports entrepreneurs in developing startup ideas, refining models, accessing funding, and building sustainable ventures through activities like startup planning, market research, product development, and networking (Hackett & Dilts, 2023).  Agri-Startup incubation nurtures innovative agricultural startups, supporting their growth and success by creating a conducive ecosystem for developing, testing, and scaling ideas, technologies, and business models in agriculture.
  • 19. Regional Agri Startup Hubs Types Agribusiness Incubators (ABIs) Public Sector Research Institutional Funded Types Private, Non-Profit Funded Institutions Technology Business Incubators Academic Incubators
  • 20. How do they help?  Many companies lack the necessary networks and expertise to ensure optimal growth and success for their business.  Startup incubators play a crucial role in assisting these companies in achieving growth and success.
  • 23. Pre-Incubation Incubation Post-Incubation  Innovation assessment  Startup plan elaboration  Startup modeling  Training  Access to finance  Coaching and mentoring  Advanced startup planning  Internationalization support  Technology commercialization  Startup development Expansion Incubation Startup Creation
  • 24. Evaluate Your Needs Research Incubators Consider Location Look at Selection Process Network with Other Startups How to choose an Incubator ??
  • 25. Some of Key Incubator and Accelerator for Agri-Startup in India
  • 26. AGRI UDAAN  AGRI UDAAN is India’s 1st Food & Agribusiness accelerator organised by NAARM, a-IDEA and IIM-A, CIIE in partnership with Caspian Impact Investment and supported by DST.  The impact of AGRI UDAAN includes that 200 agribusiness startups have applied for the accelerator program, 40 startups mentored, end to end capacity for 8 startups in their value chain and 3 out of 8 startups mentored received a total of funding worth ~2.5 Cr INR.  The impact of CIIE includes 500 ventures trained, incubate or accelerated, 3000 jobs generated, 100 startups seed funded and many more.  It has launched a food and agri-business accelerator in partnership with a-IDEA- the business incubator at National Academy of Agricultural Research Management (NAARM). Centre for Innovation Incubation and Entrepreneurship (CIIE)
  • 27.  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, Hyderabad (ICAR- NAARM) & Department of Science & Technology, Govt. of India (DST, GOI). a-IDEA (Association for Innovation Development of Entrepreneurship in Agriculture International Crops Research Institute for the Semi-Arid Tropics (ICRISAT)  In December 2002, the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), a non-profit organization, joined forces with the Department of Science & Technology (DST), an Indian government agency, to develop an agribusiness incubator (ABI) at ICRISAT.
  • 28. Agri-Tech Start- up Accelerator CIE, Hyderabad  IIIT-Hyderabad and National Institute of Agricultural Extension Management (MANAGE) have signed an MoU to start an Agri tech startup accelerator programme.  The Agri Tech Startup Accelerator Programme will identify, support and facilitate idea-stage enterprises using latest technologies and innovations to solve agriculture specific issues faced in India. Source: NASSCOM, 2018b; FICCI, 2018
  • 30. RKVY-RAFTAAR - KPs North East Agriculture Technology Entrepreneurs Hub (NEATEHUB) is an Agribusiness incubator of Assam Agricultural University. It has been recognized as an “Atal Incubation Centre” by NITI Aayog and also as a knowledge partner under the RKVY-RAFTAAR scheme. Pusa Krishi is an agriculture innovation hub known for its world-class technology, deep sector knowledge, and transformational impact Ministry of Agriculture & Farmers’ Welfare, Government of India for the biggest agri-business incubation scheme RKVY-RAFTAAR The center's main focus is to promote the development of innovative products of Start-ups, which cater to the most disruptive problems in the agricultural sector. It aims at creating more employment opportunities and wealth creation, thus adding to the inclusive growth of the country’s GDP.
  • 31. RKVY-RAFTAAR – (R-ABI) IGKV R-ABI is an agri-innovation hub and agri-business incubation center of Indira Gandhi Krishi Vishwavidyalaya, Raipur Chhattisgarh, India. It is supported by the Department of Agriculture, Cooperation & Farmers Welfare, Ministry of Agriculture & Farmers Welfare, Govt. of India, New Delhi under the RKYV-RAFTAAR Scheme. UTKARSH-PDKV, Agri-Business Incubation Centre, Dr. Panjabrao Deshmukh Krishi Vidyapeeth, Akola established under the Rashtriya Krishi Vikas Yojna (RKVY) is in order to promote agripreneurship and agribusiness by providing financial support and nurturing the incubation ecosystem. Sabour Agri Incubators (SABAGRIs) seeks to identify, incubate and assist start-ups whose business models have relevance for rural, social impact, and farmer’s perspective and networking for providing solutions to agro and allied business.
  • 32. THRUST AREA OBJECTIVES FACILITIES Centre for Agribusiness Incubation and Entrepreneurship (CAIE) Rajmata Vijayaraje Scindia KrishiVishwavidyalaya, Gwalior Supported By: National Bank For Agriculture And Rural Development Agribusiness, Farm Management, Service Sector, Food Processing, Biotechnology, etc. Petroleum products from plastic waste, Antiseptic ointment from herbal waste, Herbal Drinks, Biogas from aquatic weeds Agri-business incubation and creation of a dynamic ecosystem TECHNOLOGIES COMMERCIALIZED Coworking spaces, skilling, mentoring, processing and product prototype development labs.
  • 33. THRUST AREA OBJECTIVES FACILITIES TechnologyIncubationCenter Lala Lajpat Rai University of Veterinary and Animal Sciences, Hisar LUVAS FMD-Loss Calculator, Haemorrhagic Septicaemia Diagnostc Kit (Patent #432740) Technical and handholding support for micro food processing enterprises, FPOs/SHGs and Cooperatives TECHNOLOGIES COMMERCIALIZED Coworking space, mentoring and laboratory support for product development Dairy and Meat Technology, Diagnostics, and Feed Technology
  • 34. THRUST AREA OBJECTIVES Startup Incubation and Entrepreneurship Development Society (Pant STRIEDS) GB Pant University of Agriculture and Technology Pantnagar Supported By: Startup Uttarakhand, Government of Uttarakhand Food Processing and Agriculture To mentor and incubate emerging startups FACILITIES Grinding of cold pressed wheat & multi grain flour using water powered mills by M/5 KB System Private Ltd.. Phosphorus rich organic manure for use in organic farming by M/S Tarai Gold Chemicals Pvt. Ltd Medicinal and aromatic plant based organic products by M/S Kimalava Naturals Private Ltd.
  • 35. THRUST AREA OBJECTIVES Center for Startup Facilitation Dr. Rajendra Prasad Central Agricultural University, Pusa, Bihar To develop agripreneurial ecosystem in Bihar Agriculture Supported by: RKVY-RAFTAAR FACILITIES Coworking space, mentoring and laboratory support for product development
  • 36. THRUST AREA Sabour Agri Incubators (SABAGRIS) Bihar Agricultural University, Sabour Bhagalpur Supported by: RKVY-RAFTAAR Entrepreneurship and Business Creation in Agriculture and allied Sector OBJECTIVES To nurture potential agripreneurs by providing training cum internship with other startups to provide them practical, technical and business insights Coworking space, mentoring and laboratory support for product development FACILITIES
  • 38. 58th 30th 64th 44th 15th 11th 25th Institutional Support Fostering Innovation and Entrepreneurship Access to Market Funding Support Capacity Building of Enablers Incubation & Mentorship Support Roadmap to a Sustainable Future Bihar's Startup Ranking 2022 Results Source: Startup Ranking Report by DPIIT (2022)
  • 39. Bihar: Incubation and Mentorship Support  Incubation and Mentorship support is provided to States/UTs in the form of financial and infrastructural support to Startups and State- supported incubators.  The State understands the importance of Incubation Centers for Startups.  The Bihar Startup Policy 2022 lays down the financial assistance for setting up of new incubators (both physical and virtual) and expanding State supported Incubators. State Performance ~50 20+ Registered Mentors State Supported Incubators functioning
  • 40.
  • 41. Venture Park collaborates with the Government of Bihar and investors to provide capital support to deserving entrepreneurs. The incubator offers state-of-the-art co-working spaces that facilitate the exchange of knowledge and information among startups from diverse domains, including agriculture technology, education technology, e-commerce, and service aggregation. AIC-Bihar Vidyapith – AIC Bihar Vidyapith, supported by Atal Innovation Mission and NITI Aayog, is dedicated to building a robust startup ecosystem in Bihar. As the Business Incubation Center of the Department of MSME, Government of India, they focus on nurturing grassroots innovations and supporting startup founders in achieving their goals. Incubation Centre IIT Patna – The incubator at IIT Patna is a collaborative effort between the State Government of Bihar and the DeitY Government of India, with the former providing matching funds and the support.
  • 42. Bihar Entrepreneurs Association is a non-profit organization that was established in 2011 and has grown to include 18,000 members who work voluntarily at the block and district level to promote entrepreneurship and innovation on a global scale. The association has city and international chapters and has conducted 100 Startup Yatras and over 250 workshops, engaging in one-on-one interactions with more than 1.5 lakh youth over six years. Source- https://startup.bihar.gov.in/startup-cell-and-incubators-list SABAGRIs has launched a “Startup Agri-Business Incubation Program & Agripreneurship Orientation Programme” to promote agri-startups by providing a grant-in-aid of up to Rs.25 lakhs. This seed funding is available to potential startups that have a minimum viable product (MVP) based on innovative solutions, processes, products, services, or business models in the agriculture and allied sector.
  • 43. SABAGRIS Some of the Startup Incubated by
  • 44. Startup Name Person Associated with Programme Associated with About the Startup Abhijeet Narayan SABSWAVLAMBI (SAIP-I) 2019-20 Indoor Pollution control through NASA Approved Plants, selling through malls & super markets with of door-step delivery along with mail services (a complete package of household plantation) Abhinav Anand Agripreneurship Orientation Program-I (SABUMANG) Manufacturing and marketing of fortified Atta and helping consumer to take care of lifestyle diseases. Ajit Kumar Startup Agri-Business Incubation Program-III (SABSWAVLAMBI) Manufacturing and marketing of AI-driven device for farm surveillance, crop protection & management along with clean energy based farm equipment & machinery for small and marginal farmers to reduce input cost.
  • 45. Startup Name Person Associated with Programme Associated with About the Startup Santosh Kumar Startup Agri- Business Incubation Program-I (SABSWAVLAMBI) Anand Sagar Natural Dairy Farm Pvt. Ltd. Working on integrated Sahiwal cow rearing value chain to increase the income of small dairy producers and provide premium quality milk to the health-conscious urban households. Maintaining the supply chain through Block-chain technique Aradhana Kumari Agripreneurship Orientation Program- III (SABUMANG) IoT, ICT services for maintaining poultry farmer and providing logistics for supply chain management through digital Platform by aggregating all the stakeholders of poultry business. Source- https://www.sabagris.com/startup-funded-startups
  • 46. References • Anupam, A., & Saravanan, R. (2019). Agritech Startups: The Ray of Hope in Indian Agriculture. Discussion Paper 10, MANAGE-Centre for Agricultural Extension Innovations, Reforms and Agripreneurship, National Institute for Agricultural Extension Management (MANAGE), Hyderabad, India. • Hackett, S., & Dilts, D. (2023). Startup incubation: A review and research agenda. Journal of Business Venturing, 38(1), 101225. • PIB, GoI, Ministry of MSME, (2020). Champions Portal based on ICT operationalized to help MSMEs utilize opportunities, Dec 31, 2020. • Shane, S., & Venkataraman, S. (2000). The promise of entrepreneurship as a field of research. Academy of management review, 25(1), 217-226. • Singh, A., Singh, R., & Kumar, A. (2020). "Role of Agri-Startups in Transforming Indian Agriculture: A Review." International Journal of Current Microbiology and Applied Sciences, 9(10), 2517-2526.
  • 47. WEB References • Department for Promotion of Industry and Internal Trade (2016), Government of India. (n.d.). "Startup India - Definition of Startup." Retrieved from https://www.startupindia.gov.in/content/sih/en/startupgov/startup- recognition-page.html • FICCI (2018) Agri start-ups: Innovation for boosting the future of agriculture in India. Retrieved from http://ficci.in/publication.asp?spid=23049 • NASSCOM (2018b). Agritech In India-Maxing India Farm Output. Retrieved from https://www. nasscom.in/knowledge-center/publications/agritech-india-%E2%80%93-maxing-india-farm-output. • Surliya, V., Anubhav, & Kiran. (2021, July). Agri start-up in India: opportunities and performance in Indian context. www.justagriculture.in. https://www.researchgate.net/publication/353257503_Agri_Start- up_in_India-_Opportunities_and_Performance_in_Indian_Context • DPIIT. (2023). PRABHAAV-Powering a Resilient & Agile Bharat for the Advancement of Visionary Startups. Department for Promotion of Industry and Internal Trade. New Delhi: Ministry of Commerce and Industry. Retrieved 2023, from file:///C:/Users/patel/Desktop/Thesis/Credit/Credit%20Material/Factbook-100K- Recognitions%2016-23.pdf
  • 48. Failure is an option if the things are not failing then you are not innovating enough All you need passion and perseverance…… Martin Uzochukwu Ugwu