ABOUT

 “FASAL” – A Centre of Entrepreneurship (CoE) for IoT in Agriculture by STPI 

 

• Objectives: Creation of a holistic eco-system for encouraging R&D, innovation, Entrepreneurship in the Automotive: ACES sector in India by providing physical infrastructure and support services for prototyping, developing, testing & marketing; to incubate start-up units to create innovative solutions to meet the existing and emerging needs of automotive sector; to provide business and technological mentorship & guidance in the domain; to provide networking services linking up with funding sources and other stakeholders (alumni, academic institutions, other incubators etc.); to enable creation of IPs domestically;

 

• Location: Dr. Panjabrao Deshmukh Krishi Vidyapeeth, Krishi Nagar, Akola-444 104. 
• Chief Mentor: Dr. Anand Deshpande, Founder, Chairman & Managing Director of Persistent Systems Ltd 
• Partners:   Partners include  

• Government: MeitY, STPI, STPINEXT 
• Academia: Dr. Panjabrao Deshmukh Krishi Vidyapeeth (PDKV) Akola, College of  Engineering  &  Technology Akola 
• Knowledge: ICAR – Indian Agricultural Research Institute (IARI) New Delhi, Krishi Vigyan Kendra KVK) Akola 
• Technology: M/s. Agriculture Insurance Company of India Ltd., M/s. Amazing Aerial Solutions Pvt. Ltd., M/s. ioCare Pune 
• Industry: M/s. SatSure Analytics India Pvt. Ltd., Bangalore 
• Industry Association: Indian Society of Agricultural Engineers (ISAE), The Indus Entrepreneurs (TiE), Mumbai  

• Facilities & Services: The services available for the beneficiaries of FASAL shall include  

• Physical infrastructure including state-of-the-art Ready-to-Work Plug & Play space 
• Physical laboratories viz. Digital Farming Lab, Agri IoT Lab, Predictive Analytics Lab and Hydroponic Structure 
• Direct mentoring from stalwarts of business/tech domain
• Financial Support through seed funding 
• High Speed Internet Access 
• Access to VC funding 
• Technical Support 
• Marketing Support 
• IPR Related Support Services 
• Access to STPI CoE Labs PAN India 
• Facilitate collaboration with Government agencies and Agriculture domain industry 
• On-field demonstration of the solutions/products developed by startups with the help of farmers 
• End-to-end marketing plan to place your start-up on the global map 
• Legal, Accounting, IPR/Patenting Facilitation & other support Service 
• Cross border collaboration via international promotional agency partners 
• Sponsorship to National/International level events to showcase your products for global exposure 

 

• Target Beneficiaries: 25 start-ups are expected to be benefitted over a period of 3 Years. 

 

WHO CAN APPLY

STPI FASAL is inviting applications from the Startups working in Deep Tech & its applications in AgriTech domain.

Company Type • The start-up should be incorporated as a
  1. Private Limited Company (as defined in the Companies Act, 2013) or
  2. Registered Partnership Firm (Regd. under section 59 of the Partnership Act, 1932) or
  3. Limited Liability Partnership (under the Liability Partnership Act 2008)
  The date of registration/incorporation should not be beyond 10 years.
• If a company is not registered, an application may be made in the names of the promoters/founders. However, the promoters/founders must ensure that the company is registered within a period of 3 months from the date of selection for CoE.

Annual Turnover
• Start-up should have an annual turnover not exceeding Rs. 100 crore for any of the financial years since its incorporation.

Original Entity
• Entity should not have been formed by splitting up or reconstructing an already existing business. Innovative & Scalable
• Entity should be working towards innovation, development or improvement of products, services or processes and should have the potential to generate employment/ create wealth.

Other Terms & Conditions
• The charges are Rs. 2500/- + tax per seat per month and start-up shall offer equity to STPI/STPINEXT as decided & agreed upon.

FOCUS AREAS

Startups having innovative Idea/Product/Solution using Deep Tech in following focus area:

• DIGITAL FARMING
• CROP PROTECTION & MANAGEMENT
• FORECASTING USING PREDICTIVE ANALYTICS
• ENHANCING FARMER INCOME IN OFF-SEASONS

Click here for problem statement

The focus area is not limited to above problem statements only. Any other product/solution which caters to one or more of the domains is invited.

 

SELECTION PROCESS

Screening, Evaluation & Selection:

√ Designated Committee(s) shall be formed for Screening, Evaluation & Selection.
√ All the applications received shall be subject to a rigorous centralized multi-tier screening process with involvement of appropriate experts from respective domain and/or location as deemed fit.
√ Decision of the designated Committee(s) shall be final & binding on all.
 

DURATION

• Application submission– Start Date 10th February 2024
• Application submission– End Date 15th March 2024

OFFERINGS

• Physical infrastructure including state-of-the-art Ready-to-Work Plug & Play space
• Direct mentoring from stalwarts of business/tech domain
• Financial Assistance
• High Speed Internet Access
• Access to VC funding
• Technical Support
• Marketing Support
• IPR Related Support Services
• Access to STPI CoE Labs PAN India
• End-to-end marketing plan to place your start-up on the global map
• Legal, Accounting, IPR/Patenting Facilitation & other support Service
• Cross border collaboration via international promotional agency partners
• Sponsorship to National/International level events to showcase your products for global exposure

INCENTIVES

FASAL CoE shall support through initial seed support up to Rs. 10 Lakh and guide startups for raising funds towards PoC, MVP and Marketing as well as scaling up through grants, equity & debt by leveraging connections with potential customers and CSR/ Corporate sources as well as angels, High Net worth Individuals (HNIs) and VCs as per appropriate size of start-ups.

For technical queries in filling the application form, please contact at: startup.pmu@stpi.in