Indigram Labs Foundation (ILF), an incubator in the agriculture and allied sectors, has announced that applications are now open for MEITY COHORT 2, an initiative designed to support startups specializing in IoT, AI, SaaS, Electronics, and Robotics. The program offers co-investment funding of up to Rs. 40 lakhs per startup, presenting a significant opportunity for agritech entrepreneurs.
The initiative prioritizes startups that have signed term sheets from investors for MEITY’s co-investment program. By fostering innovation in agriculture, ILF aims to bridge the gap between technology and traditional farming practices, ensuring sustainable growth and improved productivity.
Extensive Support for Startups
As part of MEITY COHORT 2, Indigram Labs Foundation provides a comprehensive support system to selected startups. Key benefits include:
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Financial Assistance: Startups can avail funding of up to Rs. 40 lakhs, with additional assistance in securing follow-on rounds.
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Strategic Advisory & Mentorship: ILF offers mentorship from industry experts, helping startups refine their business models and scale efficiently.
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Widespread Network Exposure: Entrepreneurs will gain access to a vast network of farmers and Farmer Producer Organizations (FPOs) across 20 states.
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Digital Connectivity: Startups will be introduced to a virtual network of over 5 lakh agricultural professionals through social media and digital platforms.
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Fundraising Assistance: ILF-backed startups have successfully raised nearly Rs. 4000 crore in follow-on funding from marquee investors.
Focus Areas for MEITY COHORT 2
The program aligns with ILF’s core mission of empowering agri-tech innovation. It invites applications from startups working in:
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AgriTech & Agri-Waste Management
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Climate-Smart Farming
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Livestock & Fisheries
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Aquaculture & Agri-Finance
With India's agriculture sector undergoing rapid technological transformation, MEITY COHORT 2 is expected to accelerate the adoption of cutting-edge solutions for sustainable farming. Startups interested in applying can contact [email protected] or WhatsApp +91 9080359689 for further details.
