SRINAGAR: A student led start up “M/s FaimFarms P Ltd” mentored under the SKUAST K Innovation, Incubation & Entrepreneurship (SKIIE) Centre Shalimar Srinagar has been awarded a Rs 5 lakh grant in aid by ICAR Pusa, New Delhi, in recognition of its promising and disruptive innovation in the agriculture sector.
The grant, sanctioned under ICAR’s support for youth led agricultural innovations, will be used to advance the start up’s ongoing work on a Ready to Eat/Serve centric innovation developed at SKUAST K Innovation Centre in support with Division of Food Sciences & Technology. The Funding will support prototype refinement, field validation, and early stage commercialization activities, enabling the team to translate research into practice and benefit farmers and other stakeholders in the region.
The success of this student start up reflects SKUAST K’s commitment to fostering innovation and entrepreneurship among our students and researchers,” said Chief Executive Officer/Head, SKIIE Centre. This centre provides a critical ecosystem, technical mentoring, business guidance and incubation support that helps bright ideas reach the market and We will continue to mentor the team on technical validation, regulatory pathways, and enterprise building so that the innovation achieves measurable impact on productivity, sustainability and livelihoods.”
One of the Founders of the startup said, “This grant is a major boost for our work. With SKIIE’s mentorship and ICAR Pusa’s support, we can accelerate product development and field testing, and move closer to delivering a scalable solution.
SKIIE Centre director added, “Seed funding such as this is vital for early stage ventures.
Vice Chancellor SKUAST K Prof Nazir A Ganai Congratulated the Young Student led Startup Founders of M/s FaimFarms P Ltd setting their goals and achieving the feat and for taking the mission and vision of SKUAST K forward. He also congratulated the Director and Team SKIIE Centre and all mentors across faculties and different labs of the university.
SKUAST K student startup secures Rs 5 lakh grant in aid for innovation
