Jindal Stainless, in collaboration with Japanese VC firm ANEW Holdings, has launched an accelerator programme for agritech startups. Located in Gurugram, the initiative is aimed at strengthening ties between the two countries.
The newly-established accelerator will provide Indian agritech startups with access to networks and collaborations with Japanese companies. As part of the three-month-long intensive programme, participants will also get the chance to interact with experienced mentors from Japan, India and the US.
The programme was inaugurated in the presence of Deepika Jindal, Chairperson of Jindal Stainless Foundation and ANEW Holdings CEO Yuji Fujinaga.
Shedding some light on the vision behind the initiative, Fujinaga highlighted that the ultimate goal is to promote disruptive agritech startups globally and foster social impact through innovations. The accelerator is particularly looking at promising new companies that are working to increase the income of farmers across India.
The focus, according to Fujinaga of ANEW Holdings, is on ground-breaking technologies like drones, water irrigation systems and machines for spraying fertilisers, among others.
Speaking at the launch, Deepika stated, “Over the past months we have been exploring various opportunities to bring stakeholders together and discuss on how we can develop and share good agriculture practices and also create opportunities for downstream industry to meet the agriculture requirements for specific needs of marginal farmers. With the launch of this programme, we wanted to additionally reverse the migration of next generation farmers who are gradually losing interest in farming and looking for alternative options.”