Agri Business Incubation Foundation at IIT Kharagpur conducts Start-up EXPO 2024 incubating 115 Start-ups

A total of 115 start-ups are currently being incubated, accelerated and graduated from across the country by the Agri Business Incubation Foundation (ABIF) at IIT Kharagpur. Out of 115, 37 Start-ups successfully participated in the ABIF Start-up EXPO 2024 organized from 24th – 25th October, 2024. Shri Partho Saha, CGM OFDD, NABARD, Mumbai attended the EXPO as the Chief Guest in the presence of Prof. Rintu Banerjee, Deputy Director, IIT Kharagpur; Shri P.K Bhardwaj CGM NABARD WBRO; Prof. Madan Kumar Jha, HOD, Agriculture and Food Engineering Department and Shri K.V Iyer, Director ABIF along with other senior professors.

Shri Partho Saha, CGM OFDD, NABARD & Chief Guest of the event in his keynote address, emphasized the critical role that start-ups and entrepreneurs play in creating employment opportunities and driving the economy forward. He emphasized on strengthening the rural SME sector, increasing efficiency of rural value chains and how agri-tech start-ups play a vital role in fulfilling these mandates.

“Just like a successful movie or a symphony is a culmination of various efforts, the Start-up EXPO 2024 is a convergence initiative of IIT Kharagpur and NABARD with participation of investors, FPOs and students envisaged to make it a successful event for the ABIF supported start-ups,” remarked the Guest of Honour Shri P.K Bhardwaj, CGM West Bengal Regional Office, NABARD.

Over two days, ABIF start-ups displayed their products and services to a wide audience comprising of investors, fund managers, professors, farmers, students etc. Product based start-ups displayed their products whereas machinery and service based start-ups were displayed through audio visual. Start-ups participated in Pitch Presentation Competitions in front of an expert panel comprising of investors, professors and fund managers to acquire seed money assistance from ABIF along with expert sessions.

The host and Chief Convener of the EXPO, Prof. Rintu Banerjee, Acting Director, IIT Kharagpur highlighted the activities by IIT Kharagpur to foster entrepreneurship and the start-up ecosystem through convergence among its various incubators like ABIF, AI4ICPS, SATHI, STEP and Research Park.

“What you are doing or what you are going to do will have a great impact in making India the 3rd largest economy in the world, therefore have patience and simply remember that farmers’ prosperity is the utmost priority,” said Mr. K V Iyer, Director ABIF to the participating start-up community.

Notable winners in the graduation stage were Syangbos Living Food and Beverages Pvt Ltd, Rural Rise Agrinery LLP and Tender Buds Tea & Crafts Pvt Ltd who won the seed grant of Rs 5 lakhs. Rudranjali Innovative Agritech Pvt Ltd, Aati Pual Mushroom Pvt Ltd and Rhodotion International Pvt Ltd, were awarded with a seed grant of Rs. 1 lakh each. In the acceleration stage, Bisuddha Enterprises, Savrog Udyog Pvt Ltd, Farm Genesis Technology Pvt Ltd, Shri Charbhuja Jaivik Farm, Aqua Doctor Solutions and PR Linseed Based Products were awarded Rs. 2 lakhs each as seed money. The 1st prize of Rs 2 lakhs for the best stall went to Kaffa Kuwwa Innovations Pvt Ltd with Ramanjali Organics winning the second runner up prize of Rs 1 lakh and Anwesha Jena from Makkai with the third runner up prize of Rs. 50000.

About ABIF:

Agri Business Incubation Foundation (ABIF) is a section-8 company incorporated under the Companies Act, 2013 at IIT Kharagpur. Funded by the National Bank for Agriculture and Rural Development (NABARD) and hosted by Agricultural and Food Engineering (AgFE) Department, IIT Kharagpur, ABIF is mandated to incubate, accelerate and graduate innovative ideas in agriculture, rural development, and allied domain for creating entrepreneurs and start-ups. ABIF is dedicated to execute the graduation of 125 Incubatees over the span of 5 years in Agriculture and allied activities; transfer low cost technologies at AgFE to small and marginal farmers; transfer action oriented climate smart and low cost technologies to rural community; Direct/Indirect employment generation to 1250 rural people and disseminate technologies developed through ABICs to benefit 25,000 farmers. The initiatives by ABIF at IIT Kharagpur manifests its commitment to the service of the nation and is expected to have a lasting positive impact on the start-up ecosystem across the country.

Media Coverage :

Dainik Bhaskar Prabhat Khabar Career 360
Fast News Kolkata Hindi News Coalfield Mirror
Dainik Jagran  Times of India  Statesman

                 

Times of India                                                                                  The Statesman

        

Prabhat Khabar                                              Dainik Bhaskar                                                 Coalfield Mirror         


Inputs by: Mr. Manu Prem, CEO, ABIF, IIT Kharagpur
Email : ceoabif@iitkgp.ac.in

By : Poulami Mondal, Digital & Creative Media Executive (Creative Writer)
Email: poulami.mondal@iitkgp.ac.in, media@iitkgp.ac.in, Ph. No.: +91-3222-282007

Follow us on: Facebook – IIT Kharagpur; Twitter – @IITKgp;  Instagram – @iit.kgp; LinkedIn – Indian Institute of Technology
For news visit: https://kgpchronicle.iitkgp.ac.in/ 

“Guru Dakshina” – the Divine Manifestation of Giving Back to the Alma Mater

“Guru Dakshina hoye Guru ka Pratham Samman
Bhav Bhakti hoye Guru ka Pratham Upahaar
Shri Vasudev Krishna hoye Arjun ke Tattvagyaan
Ekalavya hoye Dronacharya ke  Aitihasik Guru Samman”

Guru Dakshina is the first respect that a student gives to his teacher
The emotional devotion of the students is his first present
Shri Krishna was the philosophical teacher for Arjun and
Ekalavya was Dronacharya’s respectful master from history

Guru Dakshina is the pure and selfless connection between a teacher and their disciple. By adhering to the qualities and learning of their Guru, the students bring the greatest smile of achievement, love, and gratitude on their teacher’s face as they share with them their Guru Dakshina. The belief of enriching the bond between the teacher and a student is what laid the foundation for Guru Dakshina. From setting the establishment of learning to fostering love for it, teachers diligently do a crucial job of making things simple for their students. Now it’s time for the students to pay back to the institution by tending to the most significant challenge before their teachers by paying them Gurudakshina.

A Guru does not ‘condition’ the minds of his disciples by the walls of his own ideas, but points out to them new and untried realms of contemplation.Our journey in life is incomplete without a Guru. A “Guru” leads us from the visible to the invisible, from the material to the divine, from the knowledge to the enlightenment and from the ephemeral to the eternal. The teachings and blessings of a Guru are the most prized possessions for his/her Shishya who acknowledges the Guru principle in their life. Based upon this principle, IIT Kharagpur launched an aesthetic giveaway in the form of Guru Dakshina, the Divine Manifestation of Giving back to the Alma Mater on 30th January at 5.30 in Netaji auditorium of the institute. The programme was launched by Prof. V K Tewari, Director, IIT Kharagpur in the august presence of Batch 1979, Prof. Amit Patra, Deputy Director; Prof. Debashish Chakravarty, Associate Dean, Alumni Affairs & International Relations; Captain Amit Jain (Retd.), Registrar and Cdr V K Jaitley, Distinguished Alumnus of IIT Kharagpur.

“It is such a great opportunity to launch Guru Dakshina in the presence of Batch 1979 who are revisiting the institute after a long gap. The idea of Guru Dakshina is to bring the Alumnus more closer to this institute and engage them to participate in the institutional development activities in an inclusive way,” said Prof. Debashish Chakravarty, Associate Dean, Alumni Affairs & International Relations while addressing the batch of 1979.

Cdr V K Jailtly (Retd.) gave a detailed presentation about the programme and how it will be implemented hence forth. He remarked, “A person who loves his teachers, his alma mater, this initiative is for them to do something for their alma mater which has helped them to be where they are today. This small gesture is a commitment towards making the institute stand on its feet and become self-reliant. Mr. Samarth Singh, Vice President, Technology Students Gymkhana was the first student who signed up the pledge for Guru Dakshina and stated that, “I think this is a very good initiative that will help the student community of this institute who fall short on fund utilization while organizing events and student welfare activities. Our senior have always stood for us in terms of providing financial aids for hostel amenities and other co-curricular activities.

Cdr V K Jaitly (Retd.) launches his book “100 Great IITians”

Guru Dakshina for My Alma Mater will be received from the Alumni of the institute which will help in making IIT Kharagpur Atmanirbhar over a period of time. The funds received through Guru Dakshina shall alleviate the challenge of collecting funds by the students for Spring Festival, Kshitij, Sports, Fest and even for increasing and improving Hall Amenities.

While those students in service, have been urged to contribute a months salary, entrepreneurs with profits in excess of Rs.  1 crore have been asked to donate 1% of the annual profits to the institute. Half the corpus created out of the donations will be set aside to make IIT Kharagpur self reliant. Of the rest, 20% will go into the welfare fund that can be used by the students and hall staffs and 15% each will be given to upgrade laboratories and facilities in the hostels.

Prof. V K Tewari, Director, IIT Kharagpur who is also an alumnus of the institute stated, “This initiative will strengthen the corpus of the institute and help the institute to become Atmanirbhar. This commitment from the Alumni will be a great help to the institute and the students. As you are aware that the institute has grown ten folds since how it started with only 224 students and 42 teachers in 1951 and now we have 16,000+ students and 700+ faculty. To maintain this ratio, the institute faces many challenges including fund utilization for redevelopment and maintenance of the common facilities. I will always be grateful to the Alumni who have risen up to the occasion and contributed during the Covid period and helped us and the community around the campus enormously. Their generous giveaway and token of appreciations have always been the driving force of this institute, therefore with their support and guidance we launch Guru Dakshina, which is a pledge that you take for your Alma Mater… your pride.”

 

Guru Dakshina will have two parts:

• By the Students

• By the Alumni

By The Students:

• The Ownership lies with Chairman, CDC for getting the pledge

• It shall be transferred to Dean Alumni Affairs, once the students pass out

• The students will pledge One Month’s Salary that they can pay at their convenience during 1st/2nd/3rd/4th/…. nth year of their profession.

• Some students may like to take this pledge even during their 3rd year or even earlier.

• Students who sign this pledge will be given a certificate of accreditation which they can show in their testimonials while appearing for their first job interview and can display later in their office.

By the Alumni:

• Ownership for this will be with Dean Alumni Affairs

• Alumni foundations in US and India with their chapters across the world will play an active role in giving publicity to this scheme and encouraging alumni to come forward and be part of this noble campaign.

• All the alumni from first batch of 1955 till today can donate their current one month’s salary/pension/income from their
industry/investments as their Guru Dakshina.

• Donation can be through e-transfer or any other means but not by cash and shall be presented a certificate of Accredation that he/she can display in their home/office

One of the batch-mates of Batch 1979 remarked,”Lets see that tangible improvement and process that will define progress is happening and I think that is very important. We need an audited report card that states how it was utilized, what is the satisfaction level, an independent audit not done by somebody. People will eventually give, knowing it is for a good cause, but if it is not like that you will be hesitant saying money down the drain. But thanks to this initiative, it is a good start, a beautiful start and a lot of thought has gone into this great job.”

Utilization of Guru Dakshina by Students

Only 50% of this money will be used by the institute to build up the corpus to make IIT Kharagpur Atmanirbhar, the rest will be utilized for the respective halls of the students, for the Gymkhana for SF, Kshitij etc., for their concerned departments and for the benevolent activities and emergency welfare of the students, alumni, staff, including non-teaching staff and even mess workers etc.

Utilization of Guru Dakshina by Alumni

50% of this money will be used by the institute to build up the corpus to make IIT Kharagpur Atmanirbhar and the rest for the respective halls of the students, for the Gymkhana for SF, Kshitij etc, for their concerned departments, for the benevolent activities and emergency welfare of the students, alumni, staff, including non-teaching staff and even mess workers etc., to the US/India Foundation, to the Chapter he/she belongs to (or to the concerned Foundation if no active chapter is there)

All other Endowments will continue

• All other donations of any amounts, however small they may be from the students and alumni shall continue as parts of Hall
Endowment/Deptt Endowment or Batch Endowments etc.

• For this Guru Dakshina scheme, a minimum of Rs 1 lakh pledge/donation will be required to be eligible to receive the Guru
Dakshina Certificate, preferably from the hands of Director of IIT Kharagpur.

Benefits:

• Funds for Hall renovations and new facilities will be available in abundance.

• Departments will get money to upgrade their labs or sponsor some global events in their departments.

• Funds for sudden medical emergencies etc. for some alumni/students/staff will be available.

• The corpus of the institute will start building up to great levels for IIT Kharagpur to become Atmanirbhar.

• Our mainly 1st and 2nd year students running around all over India to collect funds from our alumni for Spring Festival, Khshitij, Sports Meets etc. will not be required. Instead of that they may contact alumni to be part of Guru Dakshina Project.

Cdr V K Jaitly (Retd.) handing over his cheque of Rs. 1,24,360 and also the cheque of Rs. 2 lakhs by Virendra Kumar Goswami, Distinguished Alumnus of the institute to Guru Dakshina


How to Pay and Where to Pay?

• No Cash

• E-Transfer or By Cheque or Demand Draft

* For Salaried Alumni – Give One Month of My Salary to IIT Kharagpur

* For Entrepreneurs – Donate 1% of the annual profits to IIT Kharagpur as soon as profits cross 1 Crore per year

How Guru Dakshina to My Alma Mater will be used?

  1. 15% for the upgradation of labs etc in the respective department
  2. 15% for upgradation of facilities in the respective hall
  3. 20% for the Welfare Fund that can be used for students and hall staff
  4. 50% for corpus of the Institute to make IIT Kharagpur Self-reliant

For more details, please write to alumni@hijli.iitkgp.ac.in


Media Coverage:

     
Times of India                                                        Dainik Jagran

Inputs by: Cdr V K Jaitly (Retd.), Distinguished Alumnus of IIT Kharagpur 
Email: cdr.vk.jaitly@gmail.com

By: Poulami Mondal, Digital & Creative Media Executive (Creative Writer)
Email: poulami.mondal@iitkgp.ac.in, media@iitkgp.ac.in, Ph. No.: +91-3222-282007

Follow us: Facebook – IIT Kharagpur; Twitter – @IITKgp;  Instagram – @iit.kgp; LinkedIn – Indian Institute of Technology
For news visit: https://kgpchronicle.iitkgp.ac.in/