Seed Stage Funding
Pays up to ₹25 lakh in grant-in-aid to R-ABI-incubated Indian agri startups, covering 85% of costs.
RIC selects ideas for incubation, and during selection R-ABI checks whether the incubatee already receives grant-in-aid for the same activity or product from another government ministry; a mandatory self-declaration covers this, and a startup already funded elsewhere is not eligible. Once incubated, the RC appraises each incubatee's business plan and its funding decision is final, with no obligati…
This funding is for startups already incubated at R-ABI that have a minimum viable product built on an innovative agriculture-sector solution, process, product, service or business model. It is meant to help them launch into the market, scale up operations, and reach the point where they can attract angel/VC investment or bank financing.
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