CIIE.CO, the Startup continuum of IIM-A in collaboration with the government of Assam, will be supporting 100 startups, particularly in the agriculture sector, originating from Assam and the North East region as part of the Assam Agri Growth Lab initiative. This initiative has received funding from the World Bank and has already demonstrated remarkable success, with its first-year cohort witnessing the successful acceleration of 25 startups.
As part of the initiative, Assam Agri-business and Rural Transformation Project (APART) and ICCSPL have launched the second cohort of their program, known as Cohort 2.0, for continued efforts in supporting agribusiness entrepreneurs. Building upon the success of the first cohort, which saw 25 startups achieve remarkable outcomes such as a 20% average turnover increase and mobilising INR 8.26 crore in finance, the program is now witnessing the participation of 29 enterprises in its ongoing second cohort. Notably, there has been a significant rise in women-led startups, increasing from 32% to 45%. Furthermore, the program has expanded its reach, now encompassing 12 districts.
The program further aims to highlight the thriving startup ecosystem in Assam and attract investors. The goal is to position Assam as a hub for entrepreneurial activity and gain national visibility for these entrepreneurs. It will assist in developing new products, adopting innovative technologies, and improving quality standards. It also provides guidance in refining business pitch, facilitating access to finance and streamlining licensing processes.
“The startup ecosystem in Assam is brimming with untapped potential. The AAGL Program aims to unlock this potential by equipping entrepreneurs with the tools and resources to thrive. By offering mentorship, access to funding, and industry collaborations, we are empowering startups to overcome barriers and accelerate their growth trajectory,” said Chintan Bakshi- Partner- Incubation- CIIE.CO.
Over the course of eight months, the program provides a comprehensive range of support, including virtual diagnostic and mentoring clinics tailored to individual founders, focusing on areas such as packaging, distribution channels, communication, markets, quality, and other forms of technical assistance. Each year, the program extends its support to 25 agribusiness enterprises. As part of the second cohort, participants can anticipate a wealth of benefits, including entrepreneurial workshops, business sessions, technical assistance, guidance on compliance, market linkages, and access to finance.
With this, CIIE.CO will aim to drive agri-based innovation, foster sustainable growth, and empower entrepreneurs in the agricultural sector. By providing comprehensive support and resources, the program will enable agri and allied enterprises to flourish, contribute to the local economy, and create lasting impact.
About Assam Agribusiness Growth Lab (AAGL):
Assam Agribusiness Growth Lab (AAGL) is an innovative program launched by CIIE.CO in association with APART and co-implemented by ICCSPL. It aims to support and accelerate the growth of agri and allied enterprises in Assam. By providing comprehensive assistance and resources, AAGL strives to create a thriving agribusiness ecosystem that drives economic growth and improves livelihoods in the region.
About CIIE.CO:
CIIE.CO is the Startup Incubator of IIM-Ahmedabad and a leading catalyst in India’s entrepreneurial ecosystem. It nurtures innovative startups, provides them mentorship and support, and connects them with relevant stakeholders to accelerate their growth and impact.
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