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New Microsoft programme to empower agritech startups in India
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SME Times News Bureau | 03 Jun, 2020
Microsoft on Wednesday launched a new programme to help agritech
startups in India build industry-specific solutions, scale and grow with
access to deep technology, business and marketing resources.
The
three-tier programme offers tech and business enablement resources to
Series C startups that can boost their businesses with Azure benefits
(including free credits), unlimited technical support and help with
Azure Marketplace onboarding, the company said in a statement.
"The
Microsoft for Agritech Startups programme is among the early steps in
our journey towards empowering these startups in India and transforming
global agricultural practices," said Sangeeta Bavi, Director, Startup
Ecosystem, Microsoft India.
Startups with enterprise-ready
solutions can scale quickly with joint go-to-market strategies,
technical support and new sales opportunities with Microsoft's partner
ecosystem.
Lastly, agritech startups that are looking to create
digital agriculture solutions have the opportunity to co-build
customized solutions with Azure FarmBeats without investing in deep data
engineering resources.
Available on the Azure Marketplace,
Azure FarmBeats enables aggregation of agricultural datasets across
providers and generation of actionable insights by building artificial
intelligence (AI) and Machine Learning (ML) models based on fused
datasets.
Using Azure FarmBeats, startups can acquire, aggregate
and process agricultural data and rapidly develop their own AI/ML
models, said Microsoft.
Growing at the rate of 25 per cent
year-on-year, the country currently hosts more than 450 startups in the
agritech sector, according to a recent Nasscom report.
Agritech
startups in the country received more than $248 million funding in the
first half of 2019, a growth of 300 per cent as compared to the same
period in the previous year.
"Sustainable agricultural technology
can transform the global food landscape. Agritech startup innovations
are addressing some of our key challenges connected to agriculture and
food production," said Bavi.
Bringing together startups,
corporates, industry bodies, governments and venture capital firms, the
programme aims to create a shared platform for learning and innovation,
said Microsoft.
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