Sunday, March 03, 2024
Outlook India
Outlook Business

STPI Awards Rs 20 Lakh Grant To Four Start-ups For Creating Solutions In Growth Of Sugarcane Harvest

The award ceremony was held at Electronics Niketan, MeitY in New Delhi and saw the presence of Alkesh Kumar Sharma, Secretary of MeitY, Bhuvnesh Kumar, Additional secretary of MeitY, Akash Tripathi, joint secretary of MeitY, and. Arvind Kumar, Director General, STPI

STPI Awards Rs 20 Lakh Grant To Four Start-ups For Creating Solutions In Growth Of Sugarcane Harvest
Smart Grant Farm Challenge

Outlook Start-Up Desk

POSTED ON February 06, 2023 6:01 PM

Software Technology Parks of India (STPI), an autonomous Society under the Ministry of Electronics & IT (MeitY) of the Government of India, has awarded the four winning start-ups with product development grants of Rs. 20 Lakh each for qualifying for the second stage of the Smart Farm Grant Challenge (SFGC) Program.

The award ceremony was held at Electronics Niketan, MeitY in New Delhi and saw the presence of Alkesh Kumar Sharma, Secretary of MeitY,  Bhuvnesh Kumar, Additional secretary of MeitY,  Akash Tripathi, joint secretary of MeitY,  and. Arvind Kumar, Director General, STPI. Roshan Lal Tamak, Executive Director of DCM Sriram, and other senior representatives from the Ministry, STPI and Industry also attended the event.

SFGC was initiated with the goal of creating cutting-edge approaches for sugarcane harvesting and has claimed to receive an impressive response in the form of 474 submissions. The challenge aimed to predict the optimum time for harvest, estimate sugar content, identify mature plots, and provide insights in an easily interpretable format.

An expert Jury had pre-screened 108 applications and shortlisted 25 start-ups for a pitch presentation. Subsequently, 10 start-ups were recommended for a prototype grant of Rs. 5 Lakh each in September 2022. After three months of rapid development and validation, the top 4 start-ups have been selected by the Jury for product development grants of Rs. 20 Lakhs each.

The winning solution will be deployed in a 100-acre plot area for use by the Government of India, state government entities, and sugar mills for a period of three years. The winning startup will provide dissemination advisory to farmers for the next two years.

Amongst the four winners–AGAutomate Private Limited, GB Pant University of Agriculture & University, AGMitra Technologies Private Limited and Satyukt Analytics Private Limited each will develop a product over the next six months and eventually one of them will be declared the final winner. The final winner will receive Rs 50 lakh in the first year and Rs 10 lakh per year for the next two years towards the operation and maintenance of the solution.

“When it comes to agriculture, a farmer is the most difficult entity. They live with the uncertainty of the weather. With the products of these startups, we are hoping that it will increase the efficacy of the product and ensure that the right kind of moisture is present in the soil. It's a matter of great pride that now academia is participating in creating a whole new ecosystem of end-to-end solutions,” said  Alkesh Kumar Sharma, Secretary of MeitY.

“The challenge aims to provide a digital solution for optimum sugarcane harvest. The SFGC program was launched on May 9, 2022. The first stage was the ideation stage and in it, we distributed Rs 5 lakh each to 10 shortlisted startups so that they can develop products for optimum sugarcane harvest. Out of them, 4 were shortlisted today by jury and were given Rs20 lakh each in the second stage of product development grant ceremony,” Arvind Kumar, DG, STPI added.

 Bhuvnesh Kumar, Additional Secretary, MeitY, claimed, “The growth in the agriculture sector has been tremendous and with the advent of technology, many new innovations have come up. Through this challenge, we are scouting many such technological interventions  so that we can attain good recovery for the sugarcane crop and the sugar which is produced from the sugarcane turns out to be optimum.”

“After the Green Revolution, agricultural production has certainly ramped up in India, but now it has reached a plateau. So, now we need some new initiatives and new technological interventions so that we can grow our current production. So, this particular grant challenge will ramp up our sugarcane production. Sugarcane is a water-intensive crop, so the right use of water could be another strong statement for us in the sector," said Akash Tripathi, Joint Secretary, MeitY.

  • Related Articles

    Daniel Ek has started the business with Hjalmar Nilsonne, who is the founder and chief operating officer (COO) of Neko Health

    Spotify's Founder And CEO Daniel Ek Launches Healthcare Start-Up Neko Health

    The newly appointed executives will work as independent directors with the current board members

    Swiggy Appoints Sahil Barua, Mallika Srinivasan and Shailesh Haribhakti As Independent Directors

    After tech giants like Alphabet, Microsoft and Meta announced mass layoffs earlier this year, Dell has added to the growing list

    Dell To Fire 6,650 Employees As Company Observes Fall In PC Sales