“FASAL”: A Centre of Entrepreneurship (CoE) for IoT in Agriculture established by STPI at Dr. Panjabrao Deshmukh Krishi Vidyapeeth Akola launches Open Challenge Program 1.0

Objectives
Creation of a holistic eco-system for encouraging R&D, innovation, Entrepreneurship in the AgriTech domain by providing physical infrastructure and support services for prototyping, developing, testing & marketing; to incubate start-up units to create innovative solutions to address the problems of farmers in the region; to provide business and technological mentorship & guidance in the domain; to provide networking services linking up with funding sources and other stakeholders (alumni, academic institutions, other incubators, etc.); to enable the creation of IPs domestically;

Incentives
FASAL CoE shall support through initial seed support up to Rs. 10 Lakh and guide start-ups for raising funds towards PoC, MVP, and Marketing as well as scaling up through grants, equity, and debt by leveraging connections with potential customers and CSR/ Corporate sources as well as angels, High Net worth Individuals (HNIs) and VCs as per the appropriate size of start-ups.

Target Beneficiaries
25 start-ups are expected to be benefitted over a period of 3 Years.

Partners include
o Government: MeitY, STPI, STPINEXT
o Academia: Dr. Panjabrao Deshmukh Krishi Vidyapeeth (PDKV) Akola, College of Engineering & Technology Akola
o Knowledge: ICAR – Indian Agricultural Research Institute (IARI) New Delhi, Krishi Vigyan Kendra (KVK) Akola
o Technology: M/s. Agriculture Insurance Company of India Ltd., M/s. Amazing Aerial Solutions Pvt. Ltd., M/s. ioCare Pune
o Industry: M/s. SatSure Analytics India Pvt. Ltd., Bangalore
o Industry Association: Indian Society of Agricultural Engineers (ISAE), The Indus Entrepreneurs (TiE), Mumbai

More information on this can be obtained from www.fasal.stpi.in

Last date to apply is 22nd October, 2021.