India’s agriculture is the second largest in the world with an estimated value of 405 billion USD. It stands second in global agricultural production. It is also amongst the top ten exporters of agricultural products in the world. However, India’s agri export is estimated at 36 billion USD which accounts for only 2% of the global trade. Moreover, in spite of being one of the leading exporters of various agricultural and processed food commodities, the export potential of India remains unexploited. After the call given by the Honorable Prime Minister to double agri exports by 2022, many government authorities like APEDA, MPEDA, State Governments, exporters, farmers and other trade bodies are now gearing up to achieve this target.
Furthermore, the rise in world population has increased the demand for better quality and higher quantity of food which gives India’s rich agrarian culture an opportunity to proliferate through the export market. Agri export startups provide one such solution across the agricultural supply chain which bridges the gap between grower and consumer. The world has witnessed a decent growth of Indian Agricultural startups that have helped in providing remunerative markets for agriculture products and supply them to end-consumers at reasonable prices. In order to provide boost to private investment in the farm sector, enhance market access for farmers and to encourage exports, the need of the hour is to stimulate and minister agri exporters and export startups through extending support and guidance. There is a need to address a whole range of issues which could potentially propel India into the top bracket of agricultural exports.
In order to promote agri startups with a view to attracting budding entrepreneurs to the farm sector and boost exports, supporting the PM’s vision of Doubling Agri Exports, ICFA is launching 1000 Agri Export Startups Program to provide budding export startups with the needed monetary support and technical assistance. ICFA accredits that entrepreneurs need to be supported to start a new venture in agriculture products exports during their initial period of establishment. ICFA has designed this facilitation program to offer unique technical and business mentorship focused on the individuality of product, business model through network of industry experts as well as access to funding platforms for the Startups. ICFA will be supporting agri-startups in scaling up their businesses and commercializing their product and will be working extensively to help build teams, find a product-market fit and chalk out market-specific growth strategies while facilitating selected Startups to receive an angel investment with the potential to score follow-on funding apart. ICFA also envisages connecting these export entities with APEDA to facilitate Agri Exports.
ICFA believes that this significant step will promote innovation and entrepreneurship and will build a strong ecosystem that is conducive for the growth of startup businesses, to drive sustainable economic growth and generate large scale employment opportunities.
Mentors are the key to fast-tracking our clients. ICFA will be mentoring startups in their early stage helping them to avoid the potholes and providing contacts to open doors for them, offering long-term business coaches, hearing startups' business value proposition.
ICFA will be supporting Startups from Idea till Seed stage. Our mission to support enterprises, solving development challenges will lead us to invest at the prototyping and product development phase up to early growth. ICFA will connect startups with relevant Ministries/Venture Capitalists/Investors until the business has stabilized and exits once it is investable and scalable.
Startups will be leveraging ICFA’s broad State and District, 250+ FPO’s, 1000+ farmer base and access to experienced experts. ICFA will provide startups with a vast network of innovators, investors, partners & many more, to make new contacts & expand their network sharing their ideas and augmenting their dreams.
ICFA will help startups with Product field testing and evaluation and getting Feedback from actual users so as to improve their product/technology.