Fisheries Startup Grand Challenge

Fisheries Startup Grand Challenge- Relevance for UPSC Exam

• GS Paper 3: Indian Agriculture– Economics of animal-rearing.

 

Fisheries Startup Grand Challenge- Context

• The “Fisheries Startup Grand Challenge” was recently inaugurated by the Department of Fisheries, Government of India in association with Startup India, Ministry of Commerce and Industry.

Animal Husbandry Startup Grand Challenge 2.0

 

Fisheries Startup Grand Challenge- Key Points

• About: Fisheries Startup Grand Challenge is launched by the Department of Fisheries, Government of India in association with Startup India, Ministry of Commerce and Industry.
• Objective: Fisheries Startup Grand Challenge has been launched with an objective to provide a platform to start-ups within the country to showcase their innovative solutions within the Fisheries and Aquaculture sector.
• Application Process: “Fisheries Startup Challenge” launched today by the Department of Fisheries will be live for 45 days for submission of applications on the Start-up India portal- startupindia.gov.in.
• Theme: The following themes have been identified for submission of problem statements under the Fisheries Start-up Grand Challenge-
  • Design and develop technology/solutions for enhancing productivity so that the fishers & fish farmers can achieve better price realization
  • Develop infrastructure and post-harvest management solutions that will enable fishers, fish farmers in creating value addition, value creation and value realization ensuring minimal wastage across the fisheries value chain
  • Develop business solutions and outreach activities that will make fish and fish products easily accessible, acceptable and popular among the meat-consuming population in the country.
  • Develop sustainable solutions to reduce/stop soil erosion, siltation of the water bodies and develop eco-friendly solutions for coastal fishers.
• Expected outcome: Fisheries Startup Grand Challenge is expected to foster start-up culture within the sector and to establish a strong foundation of the entrepreneurial model.
• Funding: Department of Fisheries has earmarked funds to the tune of Rs. 3.44 Crore for the Fisheries Startup Grand Challenge.
• Award: The selected 12 winners of the challenge will be awarded a cash grant of Rs 2.00 Lakh each to 10 shortlisted start-ups for translating their ‘Idea to PoC’.
  • In the final round, a grant of up to INR 20.00 lakh (General category) and INR 30.00 Lakh (SC/ST/Women) will be provided to the winners for transforming their ideas into effective pilots.
  • These pilots would be further translated into commercialization.

 

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