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Satyukt Analytics wins Smart Farm Grant Challenge by STPI for revolutionary sugarcane harvesting solution
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Tuesday, 22 October, 2024, 15 : 00 PM [IST]
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Our Bureau, New Delhi
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Satyukt Analytics has emerged as the winner of the Smart Farm Grant Challenge (SFGC), programme, organised by the Software Technology Parks of India (STPI), an autonomous body under the Ministry of Electronics and Information Technology (MeitY). Its innovative solution for enhancing sugarcane harvesting efficiency has earned them the prestigious grant prize of Rs 50 lakh. The felicitation ceremony was held in New Delhi, with S Krishnan, secretary, Ministry of Electronics and IT, gracing the event as the chief guest.
The Smart Farm Grant Challenge (SFGC) programme was initiated by STPI to enable innovative approaches for efficient sugarcane harvesting. This year's challenge received an impressive 474 submissions, reflecting the competitive and high-quality nature of the event.
The criteria for the award included predicting the optimum harvest time, estimating sugar content, identifying mature plots, and delivering actionable insights in an easily interpretable format. An expert jury pre-screened 108 applications, shortlisted 25 start-ups for a pitch presentation, and selected the top 10, each receiving a grant of 5 lakhs to develop a working prototype. and selected the top four for product development grants of Rs 20 lakh each.
After rigorous evaluation, the company was declared the final winner, securing a grant prize of Rs 50 lakh for the first year and Rs 10 lakh per year for the next two years for the operation and maintenance of their solution.
Dr Sat Kumar Tomer, founder & CEO at Satyukt Analytics, said, “We are thrilled to be recognised by STPI for our efforts in revolutionising sugarcane harvesting. This award underscores our dedication to enhancing agricultural productivity and sustainability through technological innovation.”
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