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Gates Foundation, Tata Trusts to set up Rs 100-crore agritech incubator at IIT-Kanpur

Gates Foundation, Tata Trusts to set up Rs 100-crore agritech incubator at IIT-Kanpur

Tata trusts and Bill & Melinda Gates Foundation have joined hands to set up India Agritech Incubation Network (IAIN) at IIT-Kanpur.

Agriculture is a sector which is still struggling to keep up its development with society. For sustainable development in agriculture, people from both technological and agricultural backgrounds have to come together and work in building a smart agricultural system with innovations and new practices.

Good news is that some to the most innovative individuals have joined forces to add smart in agriculture. Tata trusts and Bill & Melinda Gates Foundation have teamed up to set up the India Agritech Incubation Network (IAIN) at IIT-Kanpur.

With a time of 5 years and 100 crores, India Agritech Incubation Network is a plan to set network of incubators across India to promote innovations for small farmers.

Three most backward districts Bahriach, Shravasti, and Balrampur of Uttar Pradesh will gain the most from this initiative. Farmers of these three states suffer from low-income farm yield.

This initiative focus to make an effort to raise the agriculture production and income of the small and marginal farmers with innovative technology. According to the survey experts within two years advancements will become permanent.

With the collective efforts from Uttar Pradesh government and Integrated Livelihood Initiatives (CInI), the first hub for IAIN is set to be established at IIT-Kanpur’s Innovation and Incubation Centre.

Services such as specialized laboratory infrastructure, financial support,  venture-building resources, and farmer community access will create a direct lab to end product journey.

The plan is to support more than 50,000 farmers within 5 years of time. According to the plan, with the collective work of 60+ enterprises with technology and business incubation, this innovation will reach its full potential.

The Social Alpha Quest for Agritech Innovations was set up to form a workable environment for innovators to create farm-based technology that is practical and effective enough to implement and help Indian farmers. Innovators will receive incubation support for 12-24 months and the chance will be given to new innovators.

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