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Agri-Tech Investors Meet boosts business opportunities through business incubation

(L-R) Drs WD Dar, K Kasturirangan,
S Ayyappan and D Rama Rao at the meet.

More than 70 ready-to-commercialize agro-technologies from different sectors of agriculture were showcased and 58 agro-technologies were commercialized at the Agri-Tech Investors Meet held in New Delhi on 18-19 July.

Conducted by the National Agricultural Innovation Project (NAIP) of the Indian Council of Agricultural Research (ICAR) in collaboration with the Agri-Business Incubation (ABI) program of ICRISAT, the technology commercialization platform saw a gathering of 400 participants representing industry, agri-scientists, entrepreneurs, investors and incubator professionals in the quest to create a climate of entrepreneurship in agriculture.

Delivering the inaugural address, Dr S Ayyappan,Director General, ICAR emphasized that “Indian agriculture is full of challenges and opportunities. To accelerate agricultural growth, the way forward is to create a robust entrepreneurship climate within the sector.”

In his special address, Director General William Dar said, “By helping nurture innovations and entrepreneurship in agriculture through our ABI program, ICRISAT is fulfilling its mission to help eliminate poverty and improve livelihoods of smallholder farmers in the drylands. I am extremely happy that ICAR is enhancing this initiative and network further.”

Dr K Kasturirangan, Member (Science), Planning Commission of India who was Chief Guest during the closing session, urged scientists to do market-oriented research to enhance public-private-partnerships for a prosperous future for Indian agriculture. Dr Kiran K Sharma, CEO of ICRISAT’s Agribusiness and Innovation Platform, lauded ICAR’s role in bringing different stakeholders together, while Mr SM Karuppanchetty, COO of the ABI program presented the work and progress of India’s agribusiness incubators.

Eighty Memoranda of Understanding (MoUs) were exchanged at the meeting, the value of the technology transfer being US$ 0.578 million. The event also held 98 B2B (Business-to-Business) meetings involving scientists, industrialists and agri-business entrepreneurs for which 43 Letters of Interest (LOIs) were signed for technology commercialization.

The event had the Federation of Indian Chambers of Commerce & Industry (FICCI) as industry partner and the Indian School of Business (ISB) Munjal Institute for Global Manufacturing as knowledge partner.

Dr Dar delivering his special address
at the meet.
One of the MoUs being exchanged in the
presence of dignitaries.
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