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Agribusiness meeting successfully conducted at ICRISAT

the Agri-Business Incubation (ABI) program of the Agribusiness & Innovation Platform (AIP) conducted an Agribusiness mela (meeting) on 2 August at Patancheru, primarily to promote agribusiness ventures and provide a platform for the sharing and exchange of ideas and innovations in availing incubation services and funding assistance.

A key highlight of the meeting was the presence of Hyderabad Angels, an investor community in the city, who has partnered with ABI, along with the Technology Development Board (TDB) of the Department of Science & Technology and the National Agricultural Innovation Project (NAIP) in promoting agribusiness ventures.

In his opening address, KK Sharma, AIP Chief Executive Officer discussed the role of ABI in promoting agribusiness ventures and in nurturing innovations. The activity was attended by Dr Sunder Lal Goswami, Director of the National Academy of Agricultural Research Management; Dr PS Raju from TDB; and Mr Shirish Reddi of Hyderabad Angels.

SM Karuppanchetty, Chief Operating Officer of ABI, spoke about the program and the day’s activities, while ABI clients, Mr Ramesh Kongara, Mr Vijayakumar and Mr Pradeep shared their innovations and experiences in availing support from ICRISAT’s ABI.

The event had 63 registered participants. Thirteen (13) proposals were screened of which seven were selected for funding. Nine agribusiness proposals were also selected for incubation support through the Network of Indian Agri-Business Incubators (NIABI) for technology commercialization from the Business Planning and Development Units (BPDs) being mentored by ABI.