Startup India and Invest India have announced a challenge for the Agriculture startups. They have presented a list of ten problems on their website, the team participating has to put forward the best solutions for them.
This Grand challenge provides a unique opportunity for startups to showcase their innovation and skill to solve one of the largest sectors of India. India is based on its agriculture and solving crucial problems of the agriculture provides a big boost to the economy of India. Qualcomm has been selected as technology partner for this initiative while Vill grow has joined hands with startup India for providing mentorship to the winning teams.
The last date for submission of your application with the solution is 15 January 2018. The results will be announced on 1 February 2018. The key benefits provided to the winning startups would be three months of incubation support from a leading Agri tech business.
The Indian agriculture market is one of the biggest markets in the world. The Indian food processing industry is among top five in the world in terms of production, consumption and export. The Indian economy is largely dependent on the agriculture. the rural economy in India consists of agriculture as their primary and stable source of income.
These key statistics present a picture of growth and market opportunity in the Indian agriculture market. A few of the problem proposed in the Grand Challenge are mentioned below.
Simplified soil testing methods:
The key problem of the Indian farmers is the unawareness about the quality of the soil. The solution would help farmers achieve testing of their soil constituents and find perfect crop according to it. Soil labs are already there in many states and this technology will boost the current system.
Yield Estimation: In this challenge, a solution is to be designed which allows an appropriate estimation of crop’s Yield by collecting data from satellite, sensors and UAVs. It will help in the policy making and decision making capability of the government. The solution should be standard and implementable having viable business model.
Preventing losses in pre-harvesting and post-harvesting: Almost 40 % of food produced in India is wasted. 50,000 crore worth of food produced is wasted every year, according to the agriculture ministry. A solution to reduce the wastage as much as possible to satisfy the growing hunger of Indian population. A method has to be designed based on the latest technology and innovation to compensate this problem and increase the farmer earnings.
The Agriculture Grand Challenge is unique initiative to solve biggest problems of agriculture and boosting the startup environment in India. It is a win-win situation for both the sectors.
It has been the most overlooked sector yet it has managed to adapt itself to the developing times. There is a further requirement of innovative technology integration to improve the overall growth of the sector. This opportunity is the right step forward in developing a healthy environment for Agri startups. Do you have the answers to the problems?
Get ready for the challenge.