What are start-ups ?
|Picture source: dqindia.com|
According to Government Of India, Startup is an business organisation which is not started prior to five years and it should have less than 25 crores of annual trading. Startups are focused and working towards innovation, commercialisation and development. And the entity should not be the separate entity from the other existing company.
How startups are different from other business models ?
Government initiatives supporting Agri startup’s:
Start up India scheme
Support from SIDBI
Loans through MUDRA banks
Tax exemption for first 3 three years.
Creation of Fund of Funds, which means that government will not directly invest into, but shall participate in SEBI (Securities Exchange Board of India) registered venture funds.
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Why in Agriculture ?
Status of Agricultural startups in India:
Funding for agricultural startups are declined to $56 million in 2015 from $123 million the year before, according to a data from Tracxn, a startup activity tracking platform. In total amount of $ 6 billion invested in all tech startups less than 1% had attracted by Agri startups.
* Farms n Farmers
* FlyBird Farm innovation
* Agro Star
* SV Agri
Farms n Farmers:
It is founded by alumnus of IIT and commonly known as FnF. Their goal is to revive the present agricultural system by latest technologies and improving Research and Development. FnF targets to improve land use profitability thereby increases the revenue of landowners, farmers and farm labourers. They have also stepped outside India, by starting their operations in Nepal.
Stellapps is an end-to-end dairy technology solutions company – the first of its kind in India. It is an IIT-Madras incubated company founded by a group of IITians and technologists. They produce and procure comprehensive farm optimization and monitoring support, which helps dairy farmers and cooperatives maximise profits.
FlyBird Farm Innovation:
It is an social Impact agriculture enterprise and has been incorporated with a vision to solve key problems of agricultural sector through production of farm technologies.