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FOOD PROCESSING

MoFPI extends submission date for start-up award applications to Oct 13
Tuesday, 10 October, 2017, 08 : 04 AM [IST]
Our Bureau, New Delhi
Given the response and interest from start-ups to the the country’s first Food Processing Start-Up Awards, the Ministry of Food Processing Industries (MoFPI), which will organise World Food India at Vigyan Bhawan, New Delhi, between November 3 and 5, 2017, has extended the last date for applications to October 13, 2017.

The awards, a collaborative initiative of the ministry, the Confederation of Indian Industry (CII), Start-Up India and Yes Bank, will be held under the aegis of the event, which is expected to witness the participation of food processing companies from India as well as overseas, and whose theme is Transforming the Food Economy.

They are an attempt to recognise start-ups that have significantly contributed towards the growth and development of the food processing industry in India through path-breaking technology and innovations across the processed food value chain and ecosystem.

As part of the evaluation criteria, 15-20 applications will be shortlisted from all over India, which will be further funnelled into the top three applications in the second round.

The applications received so far comprise unique solutions with a common vision to minimise food wastage, improve the nutrition value of food and address issues related to safety, hygiene and leakages in the supply chain.

The top three winners, selected on November 4, 2017, will be awarded with cash prizes of Rs 3 lakh, Rs 2 lakh and Rs 1 lakh, respectively, during the valedictory session, slated to be held the following day.

The awards are open to all potential students and entrepreneurs or start-ups to showcase innovative products, services and ideas in order to address the key challenges in the food processing sector based on the focused areas mentioned below:
  • Innovative products
  • Innovative technology
  • Innovative processing
  • Innovative packaging
  • Innovative marketing
Key benefits to the shortlisted applicants
  • The awards serve as a platform for shortlisted applicants to interact with top international and domestic leaders and help get a recognition amongst stakeholders in the food processing sector
  • This programme also provides an opportunity to explore alliances and suitable mentoring opportunities and pitch for funding from investors and the industry
  • In addition to this, free exhibition space will also be provided to the shortlisted applicants
The awards will also be supported by Yes Global Institute, the practicing think-tank at Yes Bank, and an IDEA - Technology Business Incubator of the National Academy of Agricultural Research Management (NAARM), Hyderabad.

They will be judged by a jury comprising representatives from the government, investors, industry and technology incubators.
 
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