Agri-Business Incubator, ICRISAT
ENHANCING PROSPERITY OF RURAL COMMUNITIES
Agri-Business Incubator (ABI) was one of the outcomes from numerous discussions that the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT)’s management team had in 2002-03 to understand and develop ways to attract public and private sector stakeholders. It was felt that entrepreneurship could be one of the solutions and ICRISAT proposed the concept for an agribusiness-focused incubator to the National Science & Technology Entrepreneurship Development Board (NSTEDB) of the central government. ABI is part of the ICRISAT Agribusiness & Innovation Platform (AIP), a public-private partnership that works towards upscaling technology and research outcomes through agribusiness ventures.
Benefits to startups:
Infrastructure, agritechnology and scientific consultancy services, business development and fund facilitation, skill development workshops, farm fields for testing and validation for agri-biotech, agri-engineering startups, field validation services for agri-tech startups through farmer producer organisations promoted by ICRISAT, pilot food processing
“ABI offers a unique environment for nurturing agri-based startups and small and medium businesses to contribute towards improving livelihoods, and enhancing the resilience and prosperity of smallholder farmers and rural communities in the dryland tropics,” said Kiran Sharma, CEO, AIP, ICRISAT