IIM Kashipur FIED Forms India’s first ‘HEI-led Agri-Consortium’; Check Details Here

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The IIM Kashipur has initiated the formation of India’s first ‘HEI-led Agri-Consortium’ with 10 higher educational institutes. The agriculture ministry supported the scheme through FIED, IIM Kashipur, with gross funding of Rs 1 cr 60 L. o 10 startup.

IIM Kashipur FIED Forms India’s first ‘HEI-led Agri-Consortium’IIM Kashipur FIED Forms India’s first ‘HEI-led Agri-Consortium’

New Delhi: The Indian Institute of Management Kashipur (IIM Kashipur) has initiated the formation of India’s first ‘HEI-led Agri-Consortium’ with 10 higher educational institutes.

The Rashtriya Krishi Vikas Yojana (RKVY) is a remunerative Approach for Agriculture and Allied Sector Rejuvenation (Raftaar). The agriculture ministry supported the scheme through FIED, IIM Kashipur, with gross funding of Rs 1 crore 60 lakh rupees to 10 startup companies.

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The institute stated that these start-up firms operate in drone technology, agri-supply chains, food processing, hydroponics, waste to wealth, and agri-biotechnology industries. An in-principle framework on this topic was adopted by participating universities during the ‘Agri-Entrepreneurship in South Asia Consortium-2023. This Consortium-2023 is organized by the Foundation for Innovation and Entrepreneurship Development (FIED), an incubation center of IIM Kashipur. The consortium was organized with the Ministry of Agriculture and Farmers Welfare.

India's first HEI-led Agri-consortium

The Universities which agreed to collaborate in the Agri Consortium are IGKV-Raipur; Acharya N G Ranga Agricultural University; CCS Haryana Agriculture University, Hisar; VCSJ Uttarakhand University of Forestry and Horticulture, Bharsar Uttarakhand; IVRI Bareilly, Pusa Krishi, New Delhi; GB Pant University; CCS NIAM Jaipur; and IIM Kashipur.

The IIM said “The two-day Agri Consortium 2023 aimed to provide a common platform for academicians, researchers, students, and industry professionals to interact and deliberate on the latest trends and advancements in technology, research, funding avenues, and industry requirements in the agriculture industry.”

IIM Kashipur Director Kulbhushan Balooni said, “This Agri Consortium will serve as a platform for sharing information on agri-startups supported by member higher education institutions from different parts of the country. This opens the avenues of collaboration between startups from different geographies, helping each other take their innovative solutions to a large number of farmers."

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