Printed: Up to date on – 02:18 PM, Solar – 12 December 21
Chennai: IIT Madras Incubation Cell introduced its collaboration with Samunati Basis, a not-for-profit subsidiary of Samunnati Monetary Intermediation and Providers Pvt Ltd, to encourage revolutionary applied sciences in agriculture and allied sectors within the nation.
The 2 entities have signed an MoU to advertise agri know-how startups to enhance farmers’ revenue, cut back waste and encourage sustainable agriculture.
“By way of this partnership, organizations will present incubation assist to entrepreneurial ventures, put together standing papers and suggest coverage suggestions,” a press launch mentioned.
“We, as a rustic, are witnessing a increase in entrepreneurial power, particularly in agriculture. Anilkumar SG, Founder & CEO, Samunnati, mentioned, “It’s heartening to see so many children from IITs/IIMs venturing into the sector of agriculture. “We see lots of personal capital flowing into these younger start-ups,” he mentioned.
By partnering with the IIT Madras Incubation Cell, Samunnati goals to offer strategic and operational steerage, coaching, networking and crucial sources to assist India’s visionary agricultural know-how startups.
“With IIT-MIC specializing in agriculture, we’re assured that the eco-system will see an enormous enhance for startups in agriculture,” he added.
Professor Ashok Jhunjhunwala, Chairman, IIT Madras Incubation Cell, mentioned, “This partnership is targeted on encouraging revolutionary applied sciences in agriculture and allied sectors”.
“We’ll work collectively to develop the mandatory ecosystem to assist entrepreneurs and collectively incubate startups within the area. This partnership will present consultancy assist for product improvement, advisory providers, networking for enterprise improvement, coaching and can deal with strengthening the agri entrepreneurship ecosystem”, he mentioned.
This collaboration is in step with Samunnati Basis’s purpose of creating a tangible distinction within the lives of entrepreneurs between the non-serving and under-served farming communities.