10 Winning Teams Get Smart Farm Grant Challenge (SFGC) – Grant – India Education | Latest Education News | World Education News


New Delhi: Software Technology Parks of India (STPI) has distributed Rs. 5 Lakhs each to 10 shortlisted teams under the Smart Farm Grant Challenge scheme. The grant distribution and award ceremony was held at the Ministry of Electronics and Information Technology, New Delhi, where Sh. Alkesh Kumar Sharma (Secretary, MeitY) presented the checks to the teams winners. The award ceremony was attended by Sh. Arvind Kumar (CEO, STPI), Dr. Saurabh Srivastava (Chairman Emeritus TiE Delhi-NCR and Past Chairman NASSCOM), Sh. Roshan Lal Tamak (Executive Director, DCM Sriram) and senior officials of the ministry and the STPI.

The 10 shortlisted teams were A2P Energy Solution Private Limited, Ag Automate Private Limited, Aigret Innovations India Pvt. Ltd, ARMS 4 AI Pvt. Ltd, Bharat Rohan Airborne Innovations Private Limited, Plaksha University, GB Pant University of Agriculture and Technology, Pantnagar, Innosapien Agro Technologies Pvt Ltd, Satyukt Analytics Pvt Ltd and TFBOT PRIVATE LIMITED.

“Last mile innovations focused on smallholder farmers are essential for India’s agricultural and allied ecosystem and #agribusinessstartups should develop their products with smallholder farmers in mind,” said Sh. Alkesh Kumar Sharma , secretary, MeitY.

“Agriculture is one of the country’s key economic sectors and #innovation through enabling ICT for this sector will help achieve the goal of saving $5 trillion by 2025,” said said Sh. Arvind Kumar, DG, STPI on the occasion.

“Increasing agricultural productivity is a key requirement of our farmers. I am delighted that MeitY has come up with the SFGC which focuses on their problem statement and invites start-ups to find a solution in an innovative way and support them financially,” emphasized Dr. Saurabh Srivastava, Chairman Emeritus, TiE Delhi- NCR (former president NASSCOM).

“The optimum time of sugarcane harvest can be predicted using technologies like AI and ML etc,” said Sh. Roshan Lal Tamak, Executive Director and CEO, DCM Shriram.

The Smart Farm Grant Challenge (SFGC) scheme was launched on May 9, 2022 by the Ministry of Electronics and Information Technology (MeitY) with a grant of Rs. 2.54 cr. STPI is the designated implementing agency with Neuron CoE in Mohali as the anchor CoE. The challenge program was launched to identify innovative solutions from startups, innovators, entrepreneurs, etc. in order to solve the problems identified for the harvesting of sugar cane. Sugar cane is an important commodity for human consumption as well as for trade. Information and Communication Technology in Agriculture (ICT in Agriculture) has the potential to have a significant impact on the agricultural sector using ICT tools.

The program received an overwhelming response and received a total of 474 applications. 108 entries deemed suitable were further reviewed and 25 selected were presented to the judging panel comprised of members from industry, academia, subject matter experts and stakeholders.

The jury recommendation of the top 10 proposals that have demonstrated innovation and technological acumen in predicting the optimum time of sugarcane harvest in a given plot area with reasonable accuracy are awarded financial support of INR 5 Lakhs each to develop a working prototype of the proposed solution within three months

These 10 teams will now have to develop a working prototype of the proposed solution within three months and compete again to enter the next critical phases of the Smart-farm Grant Challenge. Under the next phases, they will demonstrate the prototype, be selected for stage 2, receive Rs. 20 lakh support, develop the final product and compete again for the grand prize of Rs 50 lakh with support of INR 10 lakhs per year for the next 2 years for operations and maintenance. Teams with innovative approaches, reliable solutions with percentage accuracy, correlation with real-time data, etc. and can meet scalability, user-friendliness, ease of deployment and deployment, have a great chance of further progress.

Previous IIIT-Delhi celebrates 14th Foundation Day with zeal and fervor – India Education | Latest Education News | World Education News
Next University of Sydney partners with Tata Consultancy Services – India Education | Latest Education News | World Education News