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Startup

Agri Startups in Chhattisgarh to Get Major Boost As State Gets 2 Incubation Centres in Raipur; Here’s How Budding Entrepreneurs Would Benefit

Raipur, January 24: In a bid to promote startups and innovators in agriculture and allied sectors in Chhattisgarh, two incubation centres have been inaugurated at the Indira Gandhi Krishi Vishwavidyalaya (IGKV) in Raipur. The inauguration was done virtually by Chhattisgarh Chief Minister Bhupesh Baghel on Saturday. During the event, Baghel said every university in the state should establish incubation and manufacturing hubs to promote new business ideas.

Here’s how the incubation centres will help agri startups in Chhattisgarh:

The incubation centres will provide infrastructure, technology, financial and business networking assistance to budding innovators and entrepreneurs in the agri-biotechnology and agriculture sector, a public relations officer of the IGKV said.

The Chief Minister underlined the role of youth across the state ‘Gadhbo Nava Chhattisgarh’ (create a new Chhattisgarh) campaign and said all educational institutions should work towards developing entrepreneurial skills in youth. The Biotech Incubation Centre and Agri-Business Incubation and Production Centre was inaugurated to mark the birth anniversary of freedom fighter Netaji Subhas Chandra Bose.

Baghel also laid the foundation stone for a new building of the biotech incubation centre, which is a part of the biotechnology park, a joint project of IGKV Raipur and state Agriculture department, he said. The project will be completed in two phases, the official said.

In the first phase, the new building of the incubation centre will be set up at a cost of Rs 30 crore in the university campus in the next two years, where 23 companies will be provided facilities for their offices and labs, he said. They will also be given technical and business networking guidance.

Categories
MSME Startup

Kisan Diwas 2020: Here Are 4 Agriculture Business Ideas Which You Can Start in 2021

Mumbai, December 23: The coronavirus crisis has impacted all sectors across the world, but agriculture continues to be one of the most evergreen sectors. The best part is you can start your agriculture business with low, medium and large investments, depending on your budget.

You can start any agriculture-related business and earn a good income out of it. This sector has also witnessed huge changes thanks to technology which has improved efficiency. Earlier this sector used to depend much on the climate for its flourishment but with the introduction of technology and science, the agricultural business has also has witnessed huge development.

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On the occasion of Kisan Diwas 2020, we have listed 4 agriculture business ideas which you can start in 2021:

Mushroom Farming: Mushroom business is very profitable. It can be started with low investment and it requires less space also. Mushrooms today have become a popular ingredient that forms a part of different cuisines.

Fertilizer Distribution: This is another business which you can get into. Here, you have to plan and buy fertilizers from big cities and sell them to rural areas.

Dry Flower Business: This is another business, which you can start as dry flowers have been becoming extremely popular. Demand has increased for dried flowers over the past few years, as more people discover easy and fun DIY challenges.

Organic Vegetables: This is a profitable business as people have been increasingly purchasing organic vegetables because of health benefit.

We hope that these ideas come in handy if you are planning to invest in this sector in 2021.

 

Categories
Business motivation Startup

Earning Optimism is on the Rise Post Sharp Downgrades Amid COVID-19 Pandemic

Mumbai, November 20: In a piece of positive news, earning optimism is on the rise post sharp downgrades amid COVID-19 pandemic earlier this year. According to an IANS report, a study done by ICICI Securities noted that coronavirus resulted in the steepest downgrade since the great financial crisis (GFC) of 2018 and now the prospects for earnings going ahead have improved.

The phenomenon was validated as Q2FY21 beats outpaced misses due to low expectations, cost-saving initiatives, rural demand, benign input prices and pockets of pent-up demand which were seen due to the festive season.

The report noted that nominal GDP is broadly expected to be flat or marginally lower in FY22 compared to the FY20 base, which would mean zero to negative GDP growth over FY20-FY22. The report further highlighted that given the high output gap seen in the pre-Covid period (FY20 GDP growth of 4.2 per cent), it is unlikely that FY23 will see a sudden return to potential real GDP growth of eight per cent.

In addition to this, policy measures introduced by the government to bring relief amid the pandemic like attracting investments in agriculture, lower corporate tax rates, digitisation will be beneficial in creating demand over the medium to long term.

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Startup

Piyush Goyal Invites Startups to Register at Public Procurement Portal GeM And Offer Goods, Services to Government Organisations & PSUs

New Delhi, October 7: Commerce and Industry Minister Piyush Goyal on Tuesday invited startups to register at public procurement portal GeM and offer goods as well as services to government organisations and PSUs. According to a Business Standard report, he mentioned that about 4,000 startups have already registered at GeM.

He made this announcement at the first edition of the National Startup Awards 2020 event. Goyal elaborated about the huge potential in areas including railways, airport services, food processing, education, healthcare, agriculture, electronics and defence, and that about Rs 4,000 crore was already disbursed through Fund of Funds for startups, to about 361 startups.

The National Startup Awards, conceived by the Department for Promotion of Industry and Internal Trade (DPIIT), recognised and rewarded the outstanding startups and ecosystem with high potential of employment generation. The first edition of the Awards invited applications across 12 sectors, which were further sub-classified into a total of 35 categories.

For the Awards, a total of 1,641 applications were received from startups spread across 23 states and 4 Union Territories. These applicants included 654 women-led, 165 academic institutions based, and 331 startups working in rural areas.

Then in the next step, all the applicants were evaluated against six broad parameters namely innovation, scalability, economic impact, social impact, environmental impact, and inclusiveness and diversity. Then after three rounds of detailed evaluation, 199 startups were selected for presentation before the jury.

Categories
Startup

Govt Launches Artificial Intelligence Solutions Challenge, To Invite Startups to Address Challenges in Healthcare, Agriculture, Education & Other Areas

New Delhi, September 17: The Central government on Monday launched the Artificial Intelligence (AI) Solutions Challenge, where it invited startups to develop solutions to challenges in healthcare, education, transportation, agriculture, smart mobility and natural language processing.

According to a Livemint report, the top 15 startups will be given an opportunity to showcase their solution at a virtual global summit on AI—RAISE (Responsible AI for Social Empowerment) 2020—in October. In addition to this, the winner will also receive Rs 20 lakh award. The government will also be adopting their solution to wherever they can.

The aim is to make these startups self-reliant at a time when India has banned 118 Chinese apps over security concerns. The government has been urging Indian startups to come forward and fill the gap.

Last month, Ravi Shankar Prasad launched “Chunauti”- Next Generation Startup Challenge Contest to further boost startups and software products with special focus on Tier-II towns of India. The government earmarked a budget of Rs. 95 Crore over a period of three years for this programme. The aim is to identify around 300 startups working in identified areas and provide them seed fund of upto Rs. 25 Lakh and other facilities