IIM Kashipur Uttishtha 2024 Gets a Funding of Around 15 Cr to Promote Startup Ecosystem; Check Details Here

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Startups like Bijak, Loopworm, Greenpod Labs, InfyU Labs, Agronxt, Industill, and Ikayu Foodlabs have raised Rs 320 crores and more in funding from outside venture capital firms and angel investors through the expo.

IIM Kashipur Uttishtha 2024 Gets a Funding of Around 15 Cr to Promote Startup Ecosystem

New Delhi: Indian Institute of Management (IIM) Kashipur conducted the 7th edition of the biggest agri start-up expo, "Uttishtha 2024" on January 27-28, 2024. This ‘Agri Mela’ Startup Expo aimed to unite agri startups, industry stakeholders, and investors to exchange valuable insights on entrepreneurship, featuring a startup expo and engaging activities.

The start-up expo “Uttishtha 2024” was organised by the Foundation for Innovation and Entrepreneurship Development [FIED] and E-Cell at IIM Kashipur. The event showcased many forward-thinking startups run by bright young people from all around the nation.

According to the official statement made by IIM Kashipur, “A total of INR 14.6 crores has been disbursed to startups under startup support schemes out of which INR 1.35 crore have been sanctioned to 13 Agri-focused startups in FY 23-24 by RKVY RAFTAAR RABI scheme by Ministry of Agriculture & Farmers Welfare and INR 2.89 crores have been sanctioned to 13 startups under Startup India Seed Fund Scheme.”

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Startups like Bijak, Loopworm, Greenpod Labs, InfyU Labs, Agronxt, Industill, and Ikayu Foodlabs have raised INR 320 crores and more in funding from outside venture capital firms and angel investors through the expo.

Around 100 promising agri-startups and community-focused businesses from the Uttarakhand hills participated in the agriculture fair, showcasing their goods and services that support the agricultural industry.

Apart from this, IIM Kashipur also presented Impactful initiatives like the Scaleup Pitchathon, a national live startup pitching competition in which the top three creative ventures were chosen from a pool of more than 100 government-recognized startups and competed for a prize of INR 1.5 lakh to become the best startup.

Prof. Kulbhushan Balooni, Director, IIM Kashipur said, “IIM Kashipur is committed to supporting the startup ecosystem on multiple fronts by involving more and more academic members to train incubatees and providing them with every aid and support imaginable.”

Prof. Safal Batra, managing director of FIED and chairperson of E-Cell at IIM Kashipur said, “Throughout India, we are recognized as leaders in entrepreneurship. NITI Ayog, Govt of India has granted Atal Community Innovation Centre to IIM Kashipur. We are working with farmer-producer organizations in Uttarakhand at the grassroots level, similar to us, where we plan to train 15 FPOs. In the future, this center will become as prominent as the achievements it has garnered.”

During the two day expo, IIM Kashipur FIED felicitated 13 Agri-focused startups, providing them with a sanction of INR 1.30 crores, supported by the Ministry of Agriculture & Family Welfare.

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