The Government of Assam is committed to promoting a supportive agricultural business ecosystem in the state: Dr Ashish Bhutani

Dr Ashish Bhutani, State Project Director of Assam Agribusiness and Rural Transformation Project (APART), said that the government of Assam is committed to promoting an ecosystem of favorable agricultural enterprises in the state.

Assam Agribusiness Growth Lab, an accelerator program led by APART in partnership with CIIE.CO, the incubator of IIM Ahmedabad, completing its inaugural cohort, successfully held “Pitching & Demo Day” on Friday.

The Demo Day was a gathering of stakeholders, government agencies, financial organizations, investors, buyers with AAGL entrepreneurs in the lead. Industry stalwarts in attendance were from DIC, NEDFi, NRL, NABARD,

North East Small Finance Bank, CII, FINER, SELCO Foundation, Department of Fisheries, Department of Agriculture, ARIAS Society, World Veg, World Fish, IRRI, etc.

CIIE.CO, in partnership with ICCSPL, is co-implementing this accelerator program in Assam which was officially launched on June 30, 2021.

Dr Bhutani said, “The government of Assam is committed to fostering a supportive agricultural business ecosystem in the state. To this end, APART has launched the Assam Agribusiness Growth Lab program to foster and accelerate the growth of the agribusiness sector. APART encourages entrepreneurs to spearhead the development of the state. We salute the efforts of CIIE.CO in implementing a much-needed program to achieve results.

Assam Agribusiness Growth Lab (AAGL) organized the Demo Day primarily to interpret its one-year flagship journey of the cohort acceleration process. After a series of business and technical interventions and 2 Boot Camps, the cohort of 25 agribusinesses will now engage with investors, buyers and market platforms leading to access to finance and markets.

The Demo Day saw 10 companies showcase their businesses in front of a group of reputable investors representing agencies as diverse as Menterra, Caspian, NEDFi, NRL, HDFC Bank, AGVB, etc., showing potential for immense investment opportunities in the agricultural and allied sector in Assam.

Chintan Bakshi, CIIE.CO Partner and CEO of Startupoasis, said, “AAGL is an innovative program not only for Assam, but it is also a potential precursor to supporting agribusinesses and MSMEs across India. . CIIEI has used its deep expertise in incubating and accelerating startups to provide in-depth mentorship, business advice, fundraising and market access support to agribusinesses in Assam. ”

Freshdo App, an AAGL incubated, which is an online essentials delivery platform for farm-fresh vegetables, fruits and meat, was launched at the event.