Four students from Haveri College of Agriculture have won a cash prize of Rs 10 lakh for developing an alternative to coco peat used in seedlings to reduce high logistics costs. A student from College of Technology, Salem pocketed Rs 5 lakh for developing electric cylinder for jacquard machine in textile sector and four students from College of Agriculture, UAS, Dharwad, got Rs 4 lakh for producing food for poultry for broilers and laying hens using silkworm pupae.
FKCCI President CA IS Prasad announced the names of the winners at the Manthan Grand Final in Bengaluru on Sunday. Manthan is an annual business plan competition that the FKCCI instituted in 2009 to encourage young people to become entrepreneurs.
The students who won the awards are S Shamanth, Harshith S, Parvati S Kudla & Prakasha TA from College of Agriculture, Haveri, Nishanth S from College of Technology, Salem and Mahaveer Dhareppanavar, Mahammad Rafeek N Nadaf, Pallvai S B& Sahana Yaragatti from College of Agriculture, UAS, Dharwad.
Apart from the cash prizes, the best business plans are eligible for seed funding of up to Rs 10 crore from Udaan, New Horizon College of Engineering and up to Rs 2 crore from the AIC NITTE incubation center.
There were six prizes in all. The winning ideas and teams were chosen by a grand jury led by Prashanth Prakash, president of the Karnataka Startup Vision Group. “A growing number of our start-ups in India come from tier two and three cities, Manthan’s focus on developing entrepreneurship beyond urban India is very commendable,” said Prakash, who is also the founding partner of the Accel venture capital fund at ET.
The Grand Jury, he said, selected six innovative start-ups that focus on solutions for climate technology, agriculture and the rural economy. “Karnataka’s vision has been to nurture very early stage start-ups. Beyond Bengaluru, Manthan will further catalyze the mentorship and incubation ecosystem in South India,” he said. declared.