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Suported by DST | MoA [Govt. of India]

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SAHAS


Timeline Program Features

Agripreneurship Orientation

Sahas aims at providing an opportunity to students / youth to work on their innovative ideas by imparting two months training cum hands on internship with other startups. (We will find relevant startups for them to get internship). Guided by experienced mentors and innovative startups, they will be able to understand business concepts/nuances, strategy and practical insights of specific industries or markets, challenges and strategies to resolve them.

After successful completion of the two months orientation programme, the R-ABI will facilitate the incorporation of entities for all viable business ideas. After that, these startups will be eligible for Idea/Pre-Seed Stage Funding.

Focus Areas

IOT, AI, Robotics in Agriculture | Food Processing Biotechnology, Plant research | Hydroponics, Aeroponics advanced agri-techniques | Soil science, Farm health, weather forecasting for farmers | Organic farming, Urban farming | Farm Machinery

Objectives

Eligibility Criteria

Selection Process of Interns for Agripreneurship Orientation

The selection of agripreneurs that have an innovative idea based on technology, service, business platforms etc. and interest in pursuing their entrepreneurial aspirations full time, shall be done by the RIC. Under this component, the R-ABI will select a batch of 30 agripreneurs that have a workable innovative idea.

Pattern of Funding Support and Release of Funds

A stipend of Rs 10,000/- per month will be granted to these interns for two months during the hands on training period by the incubators from their R-ABI recurring grant.

Broad Activities

These young agripreneurs will receive up to 60 hours initial training in R-ABI along with hands on training cum internship with other R-ABI startups. They will refine/ work on their innovative idea simultaneously. Training details are attached in last.

Idea/ Pre-Seed Stage Funding

Under this, subsistence grant of a maximum of Rs. 5 lakhs will be provided to interns who have successfully completed the initial two months of agripreneurship orientation programme and are aspiring to convert their innovative idea based on technology, service, business platforms etc. into a prototype/ product. Startups supported for idea/pre-seed stage funding will be eligible for obtaining next stage of Seed Stage Funding after evaluation.
The recipient should be registered for the incubation programme at the R-ABI for the entire duration of Idea/ Pre-Seed Stage Funding.
The recipient will register his/her company before the release of the grant or he/she has to be an Indian start-up as per DIPP notification.

Selection Process of Startups for Idea/ Pre-Seed Stage Funding

After successful completion of the initial two months of the agripreneurship orientation programme, the interested interns will make a presentation before RIC of their respective R-ABI. The RIC will evaluate interns on the basis of progress made on their innovative idea in the two months of agripreneurship orientation programme and recommend the interns to RC for their final evaluation. The RC will evaluate and recommend the interns for Idea Stage Funding. On the recommendation of RC, the first instalment of the grant-in-aid will be released by the Nodal Division to incubatees through the respective R-ABI.
The R-ABI would execute a legal agreement with the incubatee who is selected for the seed support and this agreement should be signed before the release of the first instalment of seed fund to the Incubatees. The terms of agreement with the incubate startup should be framed by the R-ABI linking the progress milestones, monitoring norms etc.
Subsequent disbursement schedules should be linked to the achievement of milestones by the incubatees.

Pattern of Funding Support and Release of Funds

A maximum of 20 idea stage startups per R-ABI will be supported under this scheme. Each selected startup will be provided a maximum limit of Rs 5 lakh as grant in aid under the scheme for working on their idea to convert it into a marketable product. The amount of Rs. 5 lakh is the upper limit of the seed fund assistance. The applicant incubatees would be provided funds as per their genuine requirements and as per appraisal/evaluation of their business plans by the RC and the decision of the RC in this regard will be final. The RC will not be bound to give any reason in case an application for seed loan is rejected. In case, the incubatee is already receiving grant/financial support from any other source, he should disclose the same and the issue of grant under RKVY-RAFTAAR will be decided on a case to case basis by RC based on the recommendation of the RIC.

For ensuring the incubatee / private participation in the programme, 10 percent of the project cost on a proportionate basis will be borne by the incubatee. The remaining 90 percent of the project cost on a proportionate basis up to a maximum of Rs. 5 lakhs will be borne under the RKVY-RAFTAAR scheme which will be released in two instalments as mentioned below:

SAKSHAM


Timeline Program Features

Seed Stage Funding and Support

This seed stage funding will be available to incubatees who are incubated at the R-ABI. Under this, financial assistance of a maximum of Rs. 25 lakhs will be granted to potential startups that have a minimum viable product (MVP) based on innovative solutions/ processes / products/ services/ business models in agriculture and allied sector. The amount of Rs. 25 lakh is the upper limit of the seed fund assistance. The applicant incubatees would be provided funds as per their genuine requirements and as per appraisal/evaluation of their business plans by the RKVY Incubation Committee (RIC) and the decision of the RC in this regard will be final. The RIC will not be bound to give any reason in case an application for seed funding is rejected.
This support will assist the incubatees to launch their products/ services/ business platforms etc. into the market and help them to scale up their operations as well as to attain business viability at a faster pace. This support will also facilitate them to attract investments from angel/venture capitalists or taking loans from commercial banks /financial institutions for further scaling-up of their business operations.

Focus Areas

IOT, AI, Robotics in Agriculture | Food Processing Biotechnology, Plant research | Hydroponics, Aeroponics advanced agri-techniques | Soil science, Farm health, weather forecasting for farmers | Organic farming, Urban farming | Farm Machinery

Objectives

Eligibility Criteria

Selection Process of Incubatee for Seed Stage Funding

It will happen in the last week of September after completion of two months of training.
During the selection process, R-ABI will take into consideration any other grant-in-aid funding received by the incubatee for the same activity/product from other GOI ministries. A self-declaration from the incubatee about such funding will be mandatory.
After two months of residency of incubatees, RIC will evaluate the progress of the incubatee and based on their performance recommend them for seed stage funding to RC. RC will further evaluate and recommend the incubatees to the Nodal Division, DAC&FW for seed stage funding.
Nodal Division, DAC&FW will approve and sanction the project of the incubatees based on recommendation of RC and release the first instalment of the grant-in-aid to the respective R-ABI for further disbursement to the incubatee.
The R-ABI would execute a legal agreement with the incubatee who is selected for the seed support and this agreement should be signed before the release of the first instalment of seed fund to the incubatee. The terms of agreement with the incubates start up should be framed by the R-ABI linking with the progress milestones, monitoring norms etc. Subsequent disbursement schedules should be linked to the achievement of milestones by the incubatee.

Pattern of Funding Support and Release of Funds

A maximum of 20 startups per R-ABI will be supported under this scheme. Each selected startup will be provided a maximum limit of Rs. 25 Lakh as grant-in-aid under the scheme. (start-ups already receiving grants /financial support from any other source will not be eligible under RKVY-RAFTAAR)
For ensuring incubatee/ private participation in the programme, 15 percent on proportionate basis of the project cost will be borne by the incubatee. The remaining 85 percent of the project cost on proportionate basis upto a maximum of INR 25 lakhs will be borne under RKVY-RAFTAAR scheme which will be released in three instalments as mentioned below:


After two months, market access will be facilitated by the R-ABI.
The R-ABI will also organize a Demo Day for Investor pitch to showcase the matured product of the incubatee to investors for further facilitation of funding.

Broad Activities to be supported under Seed Stage Funding

Expenses for the following broad activities would be supported under this programme:

  1. a. Product Refinement/Testing and Trials/ Test Marketing/ Marketing launch
  2. b. Expenses on data generation/data acquisition for ideas working on IT side/AI side
  3. c. Fees for IP issues/one time technology licensing fees
  4. d. Manpower for day to day operations
  5. e. Day to day operational expenses like electricity bill, incubation charges etc.
  6. f. Any other area/activity as deemed necessary and recommended by the RIC of R-ABIs.
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14th July, 2019

Registration Ends for the enrollment in programs.

18th July, 2019

Shortlisting of applicants for presentations.

22nd July, 2019

Interviews of the applicants in Delhi.

25th July, 2019

Interviews of the applicants in Kashipur.

26th July, 2019

Online Interviews through Skype

29th July, 2019

Declaration of results.

20th August, 2019

Training program starts.