The Agri-Business Incubator at the International Crops Research Institute for the Semi-Arid Tropics (ABI-ICRISAT) received the “Best Incubator” award for the year 2009 from Villgro, a rural innovation network based at Chennai.

Organized network

Villgro is grooming innovations that have rural benefits. By virtue of its extremely well organized network of investors, technical experts, domain specialists, mentors and marketers, Villgro is capable of providing all support to innovators.

The Villgro Award honoured ABI-ICRISAT for its outstanding contribution to the agri-business initiatives through supporting entrepreneurs and technology commercialization.

The Agri-Business Incubator at ICRISAT was established in 2003 with support of the National Science and Technology Entrepreneurship Development Board (NSTEDB), Department of Science and Technology, Government of India.

Partnerships

ABI-ICRISAT promotes agricultural technology commercialization through public-private partnership under the Agri-Science Park at ICRISAT.

ABI provides opportunities for entrepreneurs to incubate agriculture technologies so that they become effective agri-business ventures.

ABI-ICRISAT provides a range of services that include agricultural technologies, business consultancy, facilitation of funding, and provides infrastructure.

It also facilitates access in the ICRISAT-Patancheru campus by helping anchor successful agri-business ventures. The entrepreneurs also get the opportunity to tap the expertise of ICRISAT’s scientists.

High impact

In the last six years of its establishment, ABI-ICRISAT has commercialized 10 high impact technologies benefiting more than 40,000 farmers in India, incubated 108 ventures that include 17 companies and 61 small-scale seed entrepreneurs and other co-business incubatees and innovators.

It has also generated direct employment for around 623 persons and mobilized $11 million for the companies that it has incubated.

For further information, contact Dr Kiran Sharma at k.sharma@cgiar.org.