ICRISAT invites agritechs to apply for funding

  • April 13, 2022
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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ICRISAT invites agritechs to apply for funding

Subject: Government Schemes

Section: Science

Context:

The Agribusiness Incubator (ABI) at the International Crops Research Institute for Semi-Arid Tropics (ICRISAT) has called for applications from agritech start-ups under the NIDHI-Seed Support Scheme (NIDHI-SSS)

Concept:

National Initiative for Developing and Harnessing Innovations (NIDHI) Background National Initiative for Developing and Harnessing Innovations (NIDHI) is an umbrella programme conceived and developed by the Innovation & Entrepreneurship division, Department of Science & Technology, Government of India, for nurturing ideas and innovations (knowledge-based and technology-driven) into successful startups.

The programme would work in line with the national priorities and goals and its focus would be to build an innovation driven entrepreneurial ecosystem with an objective of socio-economic development through wealth and job creation. NIDHI aims to nurture start-ups through scouting, supporting and scaling of innovations.

 The key stakeholders of NIDHI includes various departments and ministries of the central government, state governments, academic and R & D institutions, mentors, financial institutions, angel investors, venture capitalists and private sectors. NIDHI is developed keeping in line the new national aspirations and on the basis of DST’s experience of three decades, in promoting innovative start-ups.

The key components of NIDHI are –

  1. NIDHI-GCC – Grand Challenges and Competitions for scouting innovations
  2. NIDHI-Promotion and Acceleration of Young and Aspiring technology entrepreneurs (NIDHI-PRAYAS) – Support from Idea to Prototype
  3. NIDHI- Entrepreneur In Residence (NIDHI-EIR) – Support system to reduce risk;
  4. Startup-NIDHI through Innovation and Entrepreneurship Development Centres (IEDCs) in academic institutions; encouraging Students to promote start-ups
  5. Start-up Centre in collaboration with MHRD; Inculcating a spirit of entrepreneurship in National Institutions of Higher Learning
  6. NIDHI-Technology Business Incubator (TBI) – Converting Innovations to startups
  7. NIDHI-Accelerator – Fast tracking a start-up through focused intervention
  8. NIDHI-Seed Support System (NIDHI-SSS)- Providing early stage investment
  9. NIDHI Centres of Excellence (NIDHI-CoE) – A World class facility to help startups go global
Government Schemes ICRISAT invites agritechs to apply for funding