Private Equity

Incubation/Acceleration

IIM-Kashipur facilitates Rs.5-Cr funding for 15 agri startups

Business Line  

IIM Kashipur's Foundation for Innovation and Entrepreneurship Development (FIED) has facilitated INR 5 crore funding for 15 agri startups at Uttishtha 2023, its annual entrepreneurship summit. Some of the IIM Kashipur FIED incubated startups include Bijak, LoopWorm, and Greenpod Labs. Business ideas presented at the event include clothing range made from bamboo fabric, interior design articles made from cow dung, a crockery range made from bamboo, a range of toys made from wood waste, a drone for pesticide spraying in agricultural fields, honey-coated dry fruits, organic fertilizer, wellness products, handicrafts and hand-knits, as well as an immunity booster made from agricultural produce, incense sticks made of recycled flowers among others. The initiative is supported by the Agriculture Ministry. Uttishtha 2023 also hosted over 100 startups and nearly 20 venture capitalists to exchange their interests.