New Delhi [India], April 1 (/ NewsVoir): Indigram Labs Foundation, a leading agri-tech focused incubator, has announced the winners of its smart village program - 'Adhunik Gram', an initiative to empower agribusiness in rural India.
The winner was IndusTill FarmeTech Pvt. Ltd. which won a cash prize of Rs 1 Lakh. The 1st runner up was Urdhvam Environmental Technologies Pvt. Ltd. which won a cash prize of Rs. 50,000 and the 2nd runner up was Impagro farming solutions Pvt. Ltd. which won Rs. 30,000.
The program which was launched in September 2019, received over 120 applications of which 14 start-ups were shortlisted and 11 start-ups presented on demo day.
"Rural India has been getting an insignificant chunk of the pie in the economic plans of the country. The majority of the schemes for rural India are just to help earn a very basic livelihood for the people and not for the upliftment of the rural economy as a whole," said Dr Msha Acharya, CEO, Indigram Labs Foundation.
"Therefore, a balanced approach should be adopted to maintain a balance between rural and urban quality of life. Future course of actions, policies, tools, and instruments should deliver valuable building blocks for 'Smart Villages'. With a mission for "A Better Life in Rural Areas" we have initiated the Smart Village Program-Adhunik Gram," she added.
IndusTill founded by Shrilesh Rajendra Mande is committed to developing an affordable smart agricultural vehicle for small and marginal farmers of India.
This multipurpose vehicle has the ability to decrease the labor cost by half which constitutes a major part of input cost and double farmer's income with yields and Crop prices remaining constant.
Urdhvam Environmental Technology's water-recharge technology provides innovative nature-based solutions to a vexing problem affecting humty worldwide.
It was founded by Vinit Phadnis. Impagro Farming Solution's Co-founded by Akbar Sher Khan is developing energy-efficient village-level cold chain infrastructure for farmers with a facility to pre-cool and store their crops at the farm-gate before dispatch to market which greatly reduces post-harvest loss and improves profitability.
The Adhunik Gram (Smart Village) program was launched with support from NABARD and start-up India with the objective of identifying the problems of rural areas and exploring solutions with the help of science and technology-based start-ups.
The focus of the program is to contribute to the promotion of innovation and technology-driven entrepreneurial ecosystem with an objective of rural development through wealth and job creation.
The innovative ideas of these tech-based start-ups will further help in promoting economic development that improves the quality of life and attracts human capital to villages.
The program achieved significant outcomes for the selected start-ups who explored, developed and executed innovative solutions to address agricultural and rural development issues in rural India in collaboration with farmers/Cooperatives/Govt./Pvt. Institutions.
From customized capacity building programs to make them investment ready, identification and access to funding opportunities, market linkages and networking opportunities with relevant industry ecosystems, the Adhunik Gram program equipped the budding start-ups with necessary knowledge and skills.
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( With inputs from ANI )