{"id":7292,"date":"2024-10-22T17:18:01","date_gmt":"2024-10-22T11:48:01","guid":{"rendered":"https:\/\/khetigaadi.com\/news\/?p=7292"},"modified":"2024-10-22T17:18:03","modified_gmt":"2024-10-22T11:48:03","slug":"sbi-foundation-villgro-launch-ibi-to-fund-agritech","status":"publish","type":"post","link":"https:\/\/khetigaadi.com\/news\/sbi-foundation-villgro-launch-ibi-to-fund-agritech\/","title":{"rendered":"SBI Foundation Launch \u2018Innovators for Bharat\u2019 to Provide Rs 6 Crore Catalytic Capital for 14 AgriTech Startups\u00a0"},"content":{"rendered":"\n<h1 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-2e60967727196b161e31fc9c9c647ee2\"><strong>Empowering AgriTech Startups to Tackle Sustainability Challenges<\/strong>&nbsp;<\/h1>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-d10010ec2b90c946e22fa2712493de25\">In a significant move to support innovation in agriculture, SBI Foundation and Villgro have launched the \u2018Innovators for Bharat\u2019 initiative, providing Rs 6 crore in catalytic capital to 14 promising agri-tech startups. These startups are addressing critical sustainability issues such as reducing post-harvest losses, converting agricultural waste into value-added products, and mitigating CO2 emissions.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-72afefee06d39a4b71879d2f88ef6a1f\"><strong>Launch Event Highlights<\/strong>&nbsp;<\/h2>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-39750654a2c5cd948260f7db9c162211\">The launch event, held at the Bangalore International Centre, witnessed the presence of senior leaders from SBI Foundation, Villgro, and NABKISAN, along with distinguished industry stakeholders, including investors, financing partners, CSR executives, and channel partners. The keynote address was delivered by Sanjay Prakash, MD &amp; CEO of SBI Foundation, who emphasized the importance of fostering innovation to address agricultural and climate challenges.&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-a9ca9ae356c1acfc15acd336c802f081\">\u201c<em>SBI Foundation\u2019s vision is to support early and growth-stage startups that tackle the challenges associated with agriculture and climate change. By driving tech solutions, we aim to enhance the profitability and sustainability of smallholder farmers, creating a more resilient future for the agricultural sector<\/em>,\u201d Prakash stated.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-ff89101e0a76aadabe3fe8227ba68c5b\"><strong>14 Startups Leading the Way in AgriTech Innovation<\/strong>&nbsp;<\/h2>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-a9408c4993e64250dd0b3618c3fa814f\">The 14 startups selected for the \u2018Innovators for Bharat\u2019 portfolio include Bharat Rohan, RAAV Techlabs, Navork Innovations, Marut Drones, GreyMatter (Upaz), Carbon Masters, Raheja Solar, Ekosight, Pasidi Panta, Agrosperity (Kivi), Krimanshi, RuKart, GreenSupply, and E-Feed. These startups are pioneering solutions to key challenges in the sector, such as:&nbsp;<\/p>\n\n\n\n<ul class=\"has-black-color has-text-color has-link-color wp-elements-0eed11b8192cc8acd6d7bde2fc6f26d9\">\n<li>Reducing post-harvest losses&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"has-black-color has-text-color has-link-color wp-elements-b7afd59980becd4cca8e0287939c1e91\">\n<li>Creating value from agricultural waste&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"has-black-color has-text-color has-link-color wp-elements-4a80e3c155f48352ff46dc0a8f71e1d5\">\n<li>Mitigating CO2 emissions&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-b90b46437223d2c5b120d5ad255aeb93\">Over the next two years, the program aims to impact 10,000 individuals, promote sustainable practices across 60,000 acres of farmland and prevent the emission of 15,000 tonnes of CO2.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-bcb6943084123518f019d593b962d127\"><strong>Innovative Financing and Mentorship Support<\/strong>&nbsp;<\/h2>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-4d5239491151bab86e279c9f72fa9ce9\">Maithili Rege, Associate Lead for Agriculture &amp; Climate Action at Villgro, highlighted the program&#8217;s innovative approach, stating, &#8220;<em>Through this program, we aim to coach agri-tech startups, help embed their solutions in the market, and provide access to innovative financing to supplement what they currently lack from the VC ecosystem.<\/em>&#8221; She further explained that with initial funding of Rs 3.25 crore, an equal amount of catalytic capital is being unlocked through NABKISAN, bringing the total to Rs 6 crore for these startups.&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-458962b441def4e243fa7c61c9525fd9\">The collaborative design of the program includes financial support from SBI Foundation and partnerships with banking institutions for mentorship, as well as civil society organizations for field trials. Villgro will provide crucial technical assistance, mentorship, and market linkages to help startups scale their solutions and create long-term social and environmental impact.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-a3a61a1443651521f1ee0c7195f5ff25\"><strong>Panel Discussions and Industry Insights<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-3203209e219ed7eec1ef7d84f71d2d21\">The launch event also featured two insightful panel discussions on \u201cBoosting Farm Finances\u201d and \u201cMaking Climate-Smart Agri-Businesses Succeed,\u201d where experts shared their perspectives on the future of agri-tech innovation and climate resilience.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-fb9788478df681ab9f5337be771b5306\"><strong>A Flagship Initiative for Social Innovation<\/strong>&nbsp;<\/h3>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-966647bd788812df8638018d2e2cba9b\">\u2018Innovators for Bharat\u2019 is part of SBI Foundation&#8217;s flagship initiative aimed at accelerating social innovation in India. Through partnerships with high-impact incubators, the initiative focuses on sectors such as climate change, agriculture, fintech, health-tech, and Tech4Good. With Villgro as a key partner, the program seeks to empower social entrepreneurs to drive meaningful transformation in Indian agriculture, ensuring profitability, sustainability, and climate resilience.&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-f1113dc4a30267d8dc1a7c1ef2ea2f04\"><strong><em>Stay tuned with us on our <a href=\"https:\/\/www.whatsapp.com\/channel\/0029Va6xEd91SWt5WHBNhS45\">WhatsApp channel <\/a>for more real time updates on various agriculture related schemes and innovative cultivation methods aimed at supporting our hardworking farmers.<\/em><\/strong>\u00a0<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-72f529117f57a960d4bf5d00a4c07f8b\"><strong><em>For more detailed information, visit\u202f<\/em><\/strong><a href=\"https:\/\/khetigaadi.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><em>https:\/\/khetigaadi.com\/<\/em><\/strong><\/a><strong><em>\u202fregularly!<\/em><\/strong>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Empowering AgriTech Startups to Tackle Sustainability Challenges&nbsp; In a significant move to support innovation in agriculture, SBI Foundation and Villgro have launched the \u2018Innovators for Bharat\u2019 initiative, providing Rs 6 crore in catalytic capital to 14 promising agri-tech startups. These startups are addressing critical sustainability issues such as reducing post-harvest losses, converting agricultural waste into [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[153,123,101,759,108,758,760],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SBI Foundation &amp; Villgro Launch \u2018IBI \u2019 to Fund AgriTech Startups<\/title>\n<meta name=\"description\" content=\"SBI Foundation &amp; Villgro launch \u2018Innovators for Bharat\u2019 to support 14 AgriTech startups with Rs 6 crore, driving sustainability and innovation in agriculture\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/khetigaadi.com\/news\/sbi-foundation-villgro-launch-ibi-to-fund-agritech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBI Foundation &amp; 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