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IIM Kashipur's Foundation for Innovation and Entrepreneurship Development (FIED) has taken a significant step in supporting agricultural innovation by sanctioning funding of 1.6 Crore INR to ten agriculture-focused start-ups.

This funding initiative underscores FIED's commitment to nurturing entrepreneurship and innovation in the agricultural sector, a crucial component of India's economy. Agriculture-focused start-ups play a pivotal role in transforming the agricultural landscape, enhancing productivity, and ensuring food security.

The financial support provided by FIED will enable these start-ups to further develop their innovative solutions, scale their operations, and contribute to the growth of the agricultural sector. The funding injection is expected to catalyze technological advancements and sustainable practices within the agricultural domain.

IIM Kashipur's FIED has recognized the potential of these start-ups to bring about positive change in agriculture and agribusiness. By providing them with the necessary financial resources, mentorship, and guidance, FIED aims to facilitate their journey toward becoming successful and impactful ventures.

The 1.6 Crore INR funding represents an investment in the future of agriculture in India, supporting innovations that have the potential to address critical challenges and promote sustainable practices in this vital sector.

Overall, this initiative by IIM Kashipur's FIED demonstrates the institution's commitment to fostering entrepreneurship, innovation, and economic growth, particularly in sectors of strategic importance like agriculture.

News Source: India Today