ABHYUDHAY 1.0

Atal Incubation Centre -Sri Krishnadevaraya University Launches Abhyudhay 1.0 a Start-up Incubation Programme. Abhyudhay aims at providing an opportunity to students/ youth to work on their innovative ideas by imparting training cum hands on internship with other start-ups. Guided by experienced and innovative startups, they will be able to understand business concepts/nuances, strategy and practical insights of specific industries or markets, challenges and strategies to resolve them.

AIC-SKU will assist the Potential Entrepreneurs to launch their products/ services/ business platforms into the market and help them to scale up their operations as well as to attain business viability at a faster pace. This support will also facilitate them to attract investments from angel/venture capitalists or taking loans from commercial banks /financial institutions for further scaling-up of their business operations.

Eligibility Criteria:

• The applicant should propose one innovative idea based on technology, service, business platforms etc. for increasing efficiency in agriculture and allied sector, Renewable Energy and IoT.
• The applicants are expected to pursue their entrepreneurial aspirations full time.
• The applicant should have an initial business plan/ proposal for the idea they intend to pursue.

Selection Process of Start-up Incubation Programme:

• All applicants for this programme will apply as per the prescribed format.
• The selection of Entrepreneurs that have an innovative idea based on technology, service, business platforms etc. and interest in pursuing their entrepreneurial aspirations full time, shall be done by the Committee.
• Under this component, the Committee will select a batch of maximum 15 Entrepreneurs that have a workable innovative idea.

Outcomes

• To nurture potential agripreneurs by providing training cum internship with other startups to provide them practical, technical and business insights.
• To create and nurture a pipeline of entrepreneurs for incubators.
• To make pursuing entrepreneurship related to innovative ideas an attractive career option among other available career choices.