Apply for RISE Accelerator: ₹45 Lakhs Funding for Agritech Startups

Are you an Indian or Australian startup or MSME revolutionizing the agriculture sector? Do you dream of taking your climate-smart solutions global? Look no further than the India Australia Rapid Innovation and Start-up Expansion (RISE) Accelerator Program!

This groundbreaking initiative, launched by the Atal Innovation Mission (AIM) and CSIRO, Australia, is your chance to propel your agritech business onto the international stage. The program specifically targets Climate Smart Agritech, focusing on solutions that:

• Boost agricultural productivity
• Increase resilience in the face of climate change
• Reduce emissions and resource use
• Prioritise farmer needs and practices 

The RISE Accelerator, a joint initiative by the Atal Innovation Mission (AIM) and CSIRO, Australia, is dedicated to fostering innovation in the agritech sector. With a specific focus on Climate Smart Agriculture, the program aims to support startups and MSMEs in developing and scaling solutions that address pressing challenges like climate change, resource scarcity, and food insecurity.

A key feature of the accelerator is its emphasis on farmer-centric solutions. By prioritising the needs and practices of farmers, the RISE Accelerator ensures that innovations are practical and widely adopted. The program offers comprehensive support, including online and in-person learning, mentorship, and networking opportunities. Participants will also have the chance to conduct field trials and technology pilots to validate their solutions.

With a track record of success in helping startups expand into new markets, the RISE Accelerator is well-positioned to support the growth of agritech ventures. The program facilitates cross-border collaboration between India and Australia, providing access to diverse markets and expertise.

The RISE Accelerator is currently accepting applications until September 15, 2024. Selected participants may be eligible for a non-equity grant and opportunities for travel between the two countries.

Here's what sets the RISE Accelerator apart

• Nine months of intensive support: Gain invaluable insights through a blend of online learning and in-person sessions, including immersion weeks in both India and Australia.
• Expert guidance: Get matched with industry mentors and subject matter experts for one-on-one coaching to refine your business strategy.
• Market access and connections: Build crucial relationships with potential partners and customers to accelerate your market entry.
• Real-world testing: Validate your solution through field trials and technology pilots.
• Financial backing: Selected participants may be eligible for a non-equity grant of up to INR 45 lakhs.

What is RISE Accelerator?

The India Australia Rapid Innovation and Start-up Expansion (RISE) Accelerator, led by CSIRO and AIM, NITI Aayog, is a bilateral initiative designed to address shared environmental and climate challenges. The program supports the cross-border expansion of innovative agritech solutions, fostering collaboration between India and Australia in the agriculture sector.

How to Apply for RISE Accelerator?

Applications for the RISE Accelerator Program close on September 15th, 2024.  There is no participation fee, and travel between India and Australia is fully supported. 

• Visit the program website: https://riseaccelerator.org/
• Attend the Information and Q&A session on August 28th, 2024.
• Apply by September 15th, 2024.

A Step Forward in Global Agricultural Innovation

The RISE Accelerator’s Climate Smart Agritech cohort represents a promising step forward in global agricultural innovation. By fostering collaboration between India and Australia, the program not only addresses the pressing challenges of climate change and resource scarcity but also paves the way for sustainable agricultural practices that can benefit farmers and communities worldwide. As start-ups and MSMEs embark on this journey, the RISE Accelerator stands as a testament to the power of innovation and international cooperation in shaping a resilient and prosperous future for the agricultural sector.