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Why is Profit for Purpose an ideal model for agritech startups? 🤔 What is Profit for Purpose? Profit for Purpose (PfP) businesses are driven by a specific cause, with clearly defined beneficiaries, such as individuals, communities, or the planet itself. With a double bottom line—profit and impact—more growth means more impact. — Profit for Purpose—an ideal agritech business model?💡 ✅ PfP business cares about its cause and beneficiaries and wants their impact to be sustainable. Agriculture is facing climate change, resource scarcity, and population growth. By adapting the PfP model, agritech startups won’t focus on maximizing short-term profits that lead to unsustainable practices that deplete resources, pollute the environment, and exacerbate food insecurity. ✅ PfP business encourages a participatory approach. Agritech startups can involve farmers in decision-making processes and ensure their needs are addressed, regardless of the size and scale of their operations. This builds trust and creates a sense of ownership, making farmers more receptive to change and willing to adopt new technologies and practices. Jiva is a PfP business. Our purpose is to improve the livelihoods of smallholder farmers at scale. This purpose defines who we are—our identity—not just what we do. 🌱✨ In what other ways do you think the PfP model benefits agritech businesses? Share your thoughts in the comment section below! 📖🌟 Read more about Profit for Purpose, why it is an ideal business model for agritech, how to build a PfP business, and the challenges vs. opportunities of the PfP model in our blog: https://lnkd.in/gef5czr2 #startup #agriculture #indonesia

#knowciicstartup Girinindiatrendz Exim Private Limited specializes in manufacturing agriculture machinery and dairy equipment, boasting advanced infrastructure for production and research. Committed to addressing farmers' challenges, GIT focuses on providing innovative solutions for both agriculture and dairy industries. Renowned for their excellence in post-harvesting and pre-harvesting machinery, GIT is currently engaged in pioneering the development of a Robotic Seed Sowing Cum Weeder, leveraging modern precision techniques through their ongoing R&D endeavors. Supported by professional guidance from CIIC and backed by funding from both State and Union Governments, GIT is making significant strides in revolutionizing farming practices. CIIC facilitated them with a fund of with Rs. 3 Lakhs from NIDHI PRAYAS and Rs. 5 Lakhs from EDII IVP, underscore their commitment to innovation and growth in the agricultural sector. #ciic #incubator #accelerator #startupenabler #startup #entrepreneurship #Innovation #students #entrpreneurs #crescent #bsacist --- Parvez Alam M Nisha Mukund Ph.D NATARAJAN T.R Santhosh S

🚀 The Funding Winter is Over for AgriTech Startups! Incredible to see the momentum building in the Indian agritech space 🌾! The year 2024 has witnessed 10 innovative agri-startups raising significant capital and pushing the boundaries of agricultural solutions. This is more than just funding; it’s a sign of the growing trust and confidence in the potential of Indian agri-innovation. 🔝 Arya.ag leads the way with a massive $29M raise, followed closely by Agrim with $17.3M, and Superplum at $15M. Other key players like BigHaat, AyeKart, and Sid's Farm are also scaling new heights! 🌱📈 This resurgence in investment highlights how agriculture technology is becoming a central pillar for India’s future growth. From sustainable farming to supply chain optimization, these startups are ensuring that agriculture remains the backbone of the nation’s economy. 💡 As the funding flows, so do opportunities. Whether you're a farmer, entrepreneur, or investor, this is the perfect time to be part of this agri-revolution. Let’s innovate, collaborate, and drive this sector forward together! 💼🌟 #AgriTech #FundingSuccess #AgriStartups #SustainableFarming #IndiaInnovation #AgriBusiness #FutureOfAgriculture

The Exciting Growth of Agribusiness Startups in India 🇮🇳🌱 India’s agribusiness startup ecosystem is buzzing with innovation and potential. Over the past few years, we’ve seen a surge in startups addressing key challenges in agriculture—everything from enhancing crop yield to improving supply chain efficiency. These startups are harnessing technology to make farming smarter and more sustainable, offering solutions like precision farming, farm-to-fork traceability, and digital marketplaces. What excites me most is how these ventures are not just transforming agriculture but also empowering local farmers and entrepreneurs. By focusing on technology and sustainable practices, they’re paving the way for a more resilient and productive agricultural sector. I’d love to hear your thoughts on the latest agribusiness innovations in India. Which startups or trends are catching your eye? Let’s discuss how these changes are shaping the future of agriculture in our country! #Agribusiness #Startups #Innovation #IndiaAgriculture #SustainableFarming"

Agri-supply chain startup Bull Agritech is making waves in the industry with its recent funding success! We are thrilled to report that Bull Agritech has secured a whopping $100,000 in a new funding round led by prominent investors Akassh P., Nilesh Bhalala, and Shashin Patel, among others. This funding round marks a significant milestone for the startup, propelling it closer to revolutionizing the agricultural supply chain landscape. Founded by the visionary Hit Desai, Bull Agritech has gained traction rapidly. It leverages cutting-edge technology and a robust network of farmers and commodity processors to streamline commodity supply chains. With this latest capital injection, the company is poised to accelerate its expansion into new regions, double its collection centres, and diversify its commodity portfolios. With an impressive track record of facilitating trades worth Rs 35 crore in the last 24 months and boasting a remarkable 200% year-on-year growth, Bull Agritech is making its mark in the industry. The startup's commitment to sustaining a 25% month-on-month growth trajectory underscores its dedication to driving innovation and operational excellence. Join me in congratulating Bull Agritech on this incredible milestone! With visionary leadership, innovative solutions, and steadfast determination, this dynamic startup's potential is limitless! #BullAgritech #AgriSupplyChain #StartupSuccess #FundingNews #InnovationInAgriculture #TechInAgri #Congratulations https://lnkd.in/gk_QpvRv

Empowering Agri-Entrepreneurs for a Brighter Future! The Department of Agriculture & Farmers' Welfare has been driving innovation in agriculture through the “Innovation and Agri-Entrepreneurship Development” program under Rashtriya Krishi Vikas Yojana (RKVY) since 2018-19. This initiative aims to foster agri-entrepreneurship by providing financial and technical support to nurture startups. 5 Knowledge Partners (KPs) and 24 RKVY Agribusiness Incubators (R-ABIs) dedicated to training and incubating these startups. The program offers financial support up to Rs. 5 lakh at the idea/pre-seed stage and up to Rs. 25 lakh at the seed stage, enabling entrepreneurs to launch and scale their innovations. Through national-level programs like agri-startup conclaves, fairs, exhibitions, webinars, and workshops, we connect agri-startups with key stakeholders, creating a vibrant ecosystem for growth. From 2019-20 to 2023-24, the government has released Rs. 122.50 crore to support 1708 startups through the KPs and R-ABIs.

Digital agriculture is a challenging endeavor. And so is inventorizing digital agriculture solutions/initiatives. AgTech Companies (Startups) are always pivoting/evolving as they rightly search for repeatability and scalability of their business models. Others close shop suddenly. Others zombie around with a good-looking website and no real clientele behind them. Last year, they may have been about crowdfunding for ag. Production; next year, they may be about consolidating input supply. Last year, they may have been about video-based advisory to farmers; next year, they may be about output market coordination. Another promising to become a unicorn in five years might as well close shop by next year, and the founder may have become a senior leader at an NGO. This year, the company may be big on inclusive markets and value chains for smallholder farmers; next year, they may talk about their new large mechanized farms with IoT and efficient automated production. Even for digital agriculture initiatives embedded within rural development projects by Governments and NGOs, funding dries out, or program management finds new priorities. Suddenly there's not much to hear of a promising initiative. In many cases, old inactive pages on Facebook and Twitter are the only evidence you find of a previously thriving initiative/solution. #DigitalAgriculture; #AgTech #Startups Are there any studies out there on this important trend? Digital Agri Hub; Development Gateway: An IREX Venture; Beryl Agengo; Ken Lohento; Parmesh Shah; Brenda Mulele Gunde; Benjamin Gyan-Kesse Josh Woodard; Grow Asia; Wayan Vota;

The answers to these critical questions will save the Agritech actors. Researchers please send links to some publications that address them. If none please take advantage of the gap and get us some anwers

Universal Biosecurity selected for AgriFutures evokeAG. 2024 Fremantle-based fumigation technology company, Universal Biosecurity Limited (UBL or the Company), has been selected as one of 40 local and international startup businesses to participate in the AgriFutures evokeAG. Startup Program, as part of the 2024 agrifood tech event being held in Perth in February.    UBL’s goal is to assist governments, business, industry and primary producers to eradicate biosecurity hazards in a safe, effective and environmentally sound manner. Through its patented Fume8 technology, UBL produces a safe, cost effective, fast acting and environmentally friendly fumigant solution, suitable for applications across agriculture production supply chains, commodity storage and container logistics that benefit import and export cargo. UBL has been selected for the evokeAG. Startup Program from a field of businesses, from as far as Canada and the United States, focused on creating innovative solutions to address complex challenges in the Australian food industry.     The AgriFutures evokeAG. Startup Program provides a premier opportunity for agrifood tech and innovation startup and scaleup businesses to directly connect with potential investors and corporates from across the world, grow their networks, and expand their customer base. Since its inception in 2019, the evokeAG. Startup Program has helped drive investment to, and growth of, more than 80 of Australian and global agrifood tech startups. #sustainableagriculture #environmentallyfriendly #nontoxic #futurefumigation

Farmdar an agritech startup leveraging AI and space technology to enhance agricultural productivity, has secured a pre-Series A investment led by Silicon Valley’s Moment Ventures, with participation from existing investor Indus Valley Capital. This marks the first Silicon Valley-led funding round for a Pakistani startup this year. The investment will support Farmdar’s leadership in Pakistan’s agritech sector and fuel its expansion into Southeast Asia. Co-founder Muhammed Bukhari stated, "With agriculture facing critical climate challenges, this funding will help us drive climate adaptation efforts in Pakistan and boost our growth in Southeast Asia’s key agricultural markets." Since its launch in Pakistan in 2021, Farmdar has provided precision agriculture services across 350 million acres globally, benefiting over 200,000 farmers. Ammar Hanafi, Managing Director of Moment Ventures, praised the startup’s innovative use of satellite technology, AI, and proprietary data, expressing excitement for its future impact in Pakistan and Southeast Asia. . . . . . . . #Initiatemagazine #initiate #initiator #Agritech #AIinAgriculture #FarmTech #StartupFunding #PrecisionFarming #ClimateAdaptation #PakistanStartups #SoutheastAsia #SatelliteTechnology #SustainableAgriculture