Centre for Innovation Incubation and Entrepreneurship, IIM Ahmedabad has launched India’s first Food & Agri-Business accelerator for startups in food and agri-business sector. The accelerator has been launched in partnership with the ICAR- National Academy of Agricultural Research Management, Hyderabad (NAARM).
Through the accelerator CIIE is looking for early-stage start-ups working on breakthrough technologies and business models in Food Technology & Agribusiness.
The accelerator will be 3 months (Jul- Sep’15) long and will aim at accelerating, nurturing and investing in innovative early stage start-ups that have the potential to become scalable and competitive ventures in the food and agri-business space.
Selected start-ups will be provided with capacity building, individual mentoring and advisory support from highly experienced industry experts and access to potential investors. At the end of the program, two start-ups will be selected for a seed investment of Rs. 30 Lakhs each.
The accelerator program will include a four day workshop at ‘a-IDEA’, NAARM, Hyderabad for business design, customer validation & one-on-one interactions with mentors/experts. a-IDEA, a technology business incubator is an initiative by ICAR-National Academy of Agricultural Research Management (ICAR-NAARM) with the support of Department of Science & Technology (DST) for fostering innovation and entrepreneurship in agriculture in India. The Center for Agri Innovation (CAI) is an initiative under the a-IDEA presently hosted at ICAR-NAARM , Hyderabad.
Interested early stage startups may apply for nominations here.
CIIE at IIM Ahmedabad is India’s leading business incubator. It works to foster innovation driven entrepreneurship through incubation, ecosystem development, investment, and academic initiatives.
Since 2008, CIIE has invested in more than 100 startups, who have cumulatively raised $28 million in follow-on funding and generated over $40 million in revenues.
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