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Startup

Bioprime Agrisolutions Pvt Ltd Bags FICCI Best Agri Start-Up Award 2021

Bioprime Agrisolutions (Photo Credits: Twitter/bioprimeagri)
Bioprime Agrisolutions (Photo Credits: Twitter/bioprimeagri)

Bioprime Agrisolutions Pvt Limited, a Pune-based agriculture start-up has won the Best Agri Start-Up (Industry Partnership) Award presented by Federation of Indian Chambers of Commerce and Industry (FICCI) for 2021. The winners for this year awards were announced on Wednesday in New Delhi. It was founded in 2016 in Venture Centre, under CSIR-National Chemical Laboratory. As per their official website, the start-up aims at providing relief to farmers worldwide, struggling with crop loss, temperature fluctuations, drought, resilient insects and diseases. Bioprime Agrisolutions is developing effective and affordable next generation Agri biologicals with time-proven biomolecules, life-friendly chemistry, smart material and energy use.

Its mission is to create innovative and disruptive next-generation Agri Biological technology platforms, in order to help the farmers fight the climate change, and help in increasing the field’s yield in order to enhance farming revenues. ” Our endeavor is to be leader in the agricultural industry, reforming and revolutionizing the industry by developing, promoting and providing Innovative and Sustainable farming solutions,” the start-up says. Startup India Scheme: 69 Startups Registered in J&K With an Aim To Enable Startup Ecosystem and Foster Innovation in the Region.

The start-up is currently working with farmers from Pune, Satara and Nashik districts and have collaborated with several peasants from the states of Jharkhand, Tamil Nadu, Uttar Pradesh and Telangana as well. As per reports, the solutions developed by the Bioprime Agrisolutions Pvt Limited have been beneficial in avoiding crop losses owing to untimely rain and other climatic events by 70 per cent. National Startup Awards 2021: A Great Opportunity for Young Entrepreneurs to get Recognition & Why Should you apply?

Its research and development activities has been supported and acknowledged by the Ministry of Science and Technology. The start-up has so far launched three products across ten states in India. It has also been recognised as DIPP start-up with intra-ministerial approval. Bioprime Agrisolutions Pvt Limited is a recipient of LEAP funds from BIRAC and also winners of a grant supported by Atal New India Challenge under Atal Innovation Mission.

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Business motivation

3 Small Business Trends that will Emerge in 2021!

small business trends 2021

India has a robust ecosystem of startups with around six crore MSMEs. According to a GoDaddy Global Entrepreneurship Survey 2019, entrepreneurs in India were optimistic about their business expanding globally by at least 50 percent in the next 3 to 5 years.

However, with the pandemic-induced chaos and breakdowns unleashed by the COVID 19, the future seems daunting. According to the State of Small Business report, ’51% of operational SMBs on Facebook India reported they were making at least a quarter of their sales digitally. The numbers mentioned here are substantial considering that there are around 60 million small businesses across India’.

As most of the small businesses are moving towards digitalization, we can expect a stronger, greater, and rapidly growing economy. However, some trends are likely to emerge in 2021. Here is a list of key small business trends that we are likely to see this year:

  1. Small Business will move Online

The trend of online-purchasing is going to strengthen in this pandemic-stricken world. According to a joint report by Boston Consulting Group (BCG) and Facebook, the digitally influenced purchases had increased up to 15-20% for key categories in urban consumers within three months after the pandemic hit the world.

  1. Businesses in Tier II & III cities will Embrace Digitalization

The digitalization process that became a rage especially during the pandemic has made small business owners from small towns and cities realize its importance. Small business owners have finally realized the power of digital acceleration.

From Instagram to Facebook, young entrepreneurs are now using these social media platforms to reach new and potential customers across India.

  1. A Stronger Small Business Ecosystem

How White Hat Jr. became a $300 million company in just 10 months? Apart from their innovative approach and scalable ideas, a large part of their growth came from advertising on Facebook and Instagram.

India has a growing startup ecosystem, a large population of internet users, and a strong entrepreneurial zeal that is getting powered up by digitalization.

The year 2021 has not just taught us some invaluable business lessons but has also carved a pathway that will lead us to recovery. Want to know how you too can contribute to economic growth? Simply by bringing innovative concepts and creative solutions to your target market.

Join our Everything about Entrepreneurship course to know how exactly you can grow your business despite the pandemic with the help of massive digital acceleration. To know more about the course, click here: https://www.badabusiness.com/?ref_code=ArticlesLeads

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Startup

5 Ways You Can Prevent Your Business From Joining 90% Failed Start-Ups

why startup fail

According to Forbes, 90% of Start-Ups fail within one year of beginning their business. The statistic stands quite opposite to the dreams of most entrepreneurs to start and build a business that makes its mark in the market. The failures start-ups fail are majorly due to the organizations’ inability to identify the factors that might result in the downfall of their business. Below is a guide to the reasons due to which start-ups fail, so that you can read and avoid facing the same in your start-up:

Hear Out the MarketStart-up owners often do mistakes related to the market, including difficulty in understanding marketing trends, not understanding the right customer for the product and poor marketing. Organizations need to understand their market and its needs and cater to their services and products accordingly. This can range from products or services that are already out-of-use or too advanced to be accepted by the current market.

1. Is the Product Worth Selling
Start-ups often launch the product without even checking their importance and demand in the market. This often leads to the product being launched at the wrong time or not meeting the quality expectations. A good example of this scenario can be products that are suitable for specific seasons or occasions. A rather funny example of this could be selling woolen clothes in the summer season. While the product might be bought by customers willing to travel to colder places, but their count would be very less for a business to survive.

2. Focus on the Pocket
Money is as important to meet the customer’s budget, as important, it is for a startup to earn revenue. Sometimes start-ups end up delivering products or services that are way beyond the customers’ budget to be worth purchase. Reasonable pricing is a crucial factor for not only a product but also the brand to maintain its place in the market. Apart from the customers, start-ups also fall short of money in their beginning years. Take care that the product is unique and sustainable enough to convince your investors to provide some financial aid in need.

3. Your People Take You Ahead
As the saying is “Any Company’s Greatest Assets are its People”, people in any company play a vital role in both rising and fall of any company. It thus becomes crucial for start-ups to have the right people with the right mindset i.e., Skilled people with great conviction towards the brand and its products and services.

4. Know Your Customer
Once a product has reached the market, it is most essential to not only hear but also understand and work on what the customer has to say about the product or service. Focus on both the good and bad: work on delivering the good factors even more and eliminate the bad. Your customer has the power to take your product to unimaginable heights or toughest ends, depending on how you treat your customers.

To know more how a start-up can not only survive but also gain success, strength, and expansion, join the Everything About Entrepreneurship course by Bada Business which guides entrepreneurs and business aspirants through valuable business skills taught by leaders of billionaire organizations such as Xiaomi India, Kent RO, and Dr. Lal Path Labs. To know more or register, visit https://www.badabusiness.com/?ref_code=ArticlesLeads

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Startup

National Startup Awards 2021: A Great Opportunity for Young Entrepreneurs to get Recognition & Why Should you apply?

Startup Awards 2021

The National Startup Awards 2021 are back to recognize the contribution of another group of startups. Indian startups whose innovations have created a positive social impact by spurring innovation while being profitable will be rewarded.

The Indian startup ecosystem, which defied the odds during the pandemic has created record 12 unicorns. According to Economic Survey 2020-21, the startups in India have the potential to act as a catalyst in the growth in the medium to long run.

Indian startup ecosystem provides an excellent platform for entrepreneurs who dare to take an off-beat path when it comes to conceiving innovative products. Launched in 2020, the National Startup Awards aim to reward the startup ecosystem enablers, who are contributing to creating job opportunities, wealth creation, and have a measurable social impact.

These awards were first launched virtually on October 6, 2020, and the winners were facilitated by Piyush Goyal, the current Railways & Commerce Minister.

In the second edition of these awards, the Department of Promotion of Industry and Internal Trade (DPIIT) will recognize startups, accelerators, and incubators in 49 sectors. There are also other eight special sectors.

The government is also considering promoting sectors via National Startup Awards to bolster the country`s manufacturing sector under its ‘Atmanirbhar Bharat’ scheme. The finalists who will receive the awards will serve as role models for the upcoming entrepreneurs who are struggling to make a name for themselves.

The award recognition will be conferred to sectors like agriculture, animal husbandry, education, fintech, and space. These categories are further divided into 49 sub-sectors. Apart from these traditional sectors, startups that are led by women and those impacting rural areas with their grit and innovation will also be recognized for their positive contribution.

One more category is also dedicated to startups that excel in content delivery in Indic languages. Fields such as detection, prevention, and monitoring of COVID 19 will also get recognition for inducing innovation.

The winner will be eligible for a cash prize of Rs 15 lakh each. A winner also is selected in each sub-sector of every category and would win a cash prize of Rs 5 lakh. DPIIT has started accepting applications for the second edition of the National Startup Awards. The last date for the application is February 10, 2021. If you want to participate, you can go to the website: https://www.startupindia.gov.in/awards

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Business motivation

Startup India Scheme: 69 Startups Registered in J&K With an Aim To Enable Startup Ecosystem and Foster Innovation in the Region

Startup
Startup (Photo Credits: Pixabay)

Srinagar, February 10: The Startup India Scheme, which is an initiative by the Government for generation of employment and wealth creation, is gaining momentum. The goal of Startup India is the development and innovation of products and services and increasing the employment rate in India. In Jammu and Kashmir, as many as 69 startups have been registered in Jammu and Kashmir under the Startup India scheme, officials said. These startups aim to promote and boost start-up ecosystem across the region.

According to data from the Jammu and Kashmir Entrepreneurship Development Institute (JKEDI), 69 startups have been registered in the Union Territory. At present, the J&K government is focussing on several sectors including food processing, agriculture, renewable energy, handicrafts and handloom for promoting startups.

In a bid to enable the startup ecosystem and create awareness, outreach, and scouting of startups, Startupjk.com has also been made live. To foster the growth of startups in the region, the Central Government has announced a Rs 945-crore Startup India Seed Fund Scheme (SISFS). This will be operational from April 1, 2021, to 2025. In the same light, the Jammu & Kashmir administration is working to encourage startups and foster innovation, thereby creating jobs and boost economy.

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Business motivation Startup

Startups in India To Get Major Boost As HDFC Bank’s SmartUp Grants Aims To Empower Social Sector Startups; Here’s How To Apply

Business Ideas

Mumbai, February 10: With an aim to help and empowering social sector startups in India, HDFC Bank has launched an initiative and has invited applications for the same. We are aware that India is home to one of the largest startup ecosystems in the world.The HDFC Bank has invited applications from startups across all sectors and solo entrepreneurs for its SmartUp grants.

The SmartUp grants by HDFC Bank under #Parivartan –the bank’s umbrella CSR brand. It is aimed at finding and deploying long-term, sustainable solutions at scale, to address social issues and contribute to the economic and social development of the country, the bank said in a statement.

This year, the HDFC bank informed that it will focus on start-ups creating social impact at scale in sectors such as Education – technology (ed-tech) and skill development, among others. Reports inform that the startups will be evaluated basis their market reach, penetration and scalability of the product, degree of social impact in beneficiaries’ lives and economic viability of product at scale.

The HDFC Bank has partnered with nine start-up incubators registered with Govt of India’s MeitY platform to screen, mentor, and monitor start-ups.  The nine incubators are from premier institutes and include IIT – Delhi, IIT – BHU, AIC BIMTECH Noida, IIM Kashipur, GUSEC Gujarat, C-CAMP Bangalore, Banasthali University – Jaipur, Villgro Incubation – Chennai, and T-HUB Hyderabad.

Here’s how startups can apply for the HDFC Bank’s SmartUp grants:

  1. The startups in India can apply for the HDFC Bank’s SmartUp grants on February 16.
  2. After the application process, the bank and incubators will jointly reach out and engage with them through the SmartUp portal hosted on Ministry of Electronics and Information Technology’s website.
  3. The incubator partners will then screen and shortlist applications and the SmartUp team will select finalists.
  4. Thereafter, finalists will pitch their startups to a jury comprising the senior management of the bank.
  5. It must be noted that the startups will be evaluated basis their market reach, penetration and scalability of the product, degree of social impact in beneficiaries’ lives and economic viability of product at scale.

Smita Bhagat, Country Head – Government, E-commerce and Start-ups, HDFC Bank, said: “Enterprises working in the social sector are doing commendable work in changing the lives of millions of Indians. SmartUp grants is one way of offering our support and encouragement in this journey. We want to be a pillar of support for social entrepreneurs who want to bring a positive change to the society.”

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Startup

Agnikul Cosmos, an Indian Space Startup, Becomes First Company To Fire Fully 3D Printed Rocket Engine As Others Play Catch Up

Agnikul Cosmos (Photo Credits: Twitter/ @AgnikulCosmos)

Chennai-based space tech startup Agnikul Cosmos, which is developing India’s first private small satellite launch vehicle, became the first company in the world to successfully test a fully three dimensional (3D) rocket engine. Agnikul Cosmos has successfully test-fired its higher stage semi-cryogenic rocket engine, Agnilet.

Srinath Ravichandran, CEO and co-founder of Agnikul Cosmos, said, “This entire engine – Agnilet – is just one piece of hardware from start to finish and has zero assembled parts. We don’t think anyone in the world has ever pushed 3d printing of a rocket engine to this extent and we couldn’t be happier to have conceived, designed, realized and test-fired this engine, fully in India.”

Usually, rocket engines gave 100s of parts in them but Agnilet was designed in such a way to encapsulate all these parts into just one piece of hardware.

Meanwhile, there are other players in the race. In September last year, Hyderabad-based Skyroot Aerospace revealed their fully 3D printer cryogenic rocket engine, Dhawan-I. The US-based startup, Firehawk Aerospace, is also close to producing a fully 3D printed rocket engine.

About  AgniKul Cosmos:

AgniKul Cosmos Private Limited is a Chennai-based start-up building country’s first private satellite launch vehicle. The vehicle, Agnibaan, can carry up to 100 kilos to LEO (low earth orbit), which is nearly 700 kilometres above the Earth’s surface.

Launched in 2017 by Srinath Ravichandran and Moin SPM, Agnikul was the first Indian aerospace startup to enter into a non-disclosure agreement with the Department of Space under the Indian National Space Promotion and Authorisation Centre (IN-SPACe).

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Business motivation

3 Types of Business Processes every Organization must Have!

business process

Being an entrepreneur is never easy. Managing and running a business requires multiple departments, skilled staff, and a smooth business process.

Processes are the heart and soul of a successful business. Business process management is how you effectively manage all the processes.

Business process management is a practice of managing all business processes that help to achieve an outcome. It is an ongoing activity that helps to identify key areas that need improvement.

Business process management works in multiple forms. Though some processes can be completely automated, others need human input for making decisions. Here are three types of business process management that every organization must have:

Document-centric BPM

A document-centric business process is built on the foundation of a particular document. The main agenda is to send the multiple approvers who are involved in the process and get it approved. The document-centric BPM helps to reduce the need for emailing documents back and forth and increases efficiency.

Human-centric BPM

As the name defines, this type of business process involves human inputs. The decisions are made by humans and most of the heavy task is performed by humans. The scope of the business automation process is limited here.

To help employees understand and manage the process easier, it offers a visual interface too. Since this process impacts employees directly, this process needs more attention as compared to others.

Integration-centric BPM

The integration-centric business process management is centered on the integration of different software systems. Its main focus is on creating a smooth flow of data between the networks and software tools.

A business process management impacts multiple teams and employees as all the activities in your company happen as processes. When you start taking processes seriously, a BPM becomes a tool that can help you achieve your business goals.

This new age of business has given us the answer to this, and if you look around, you’ll find tools meant for rising stars just like yourself – apps and services that let you manage many aspects of your business with the minimum investment of time and money, leaving you free to focus on the larger picture.

A successful businessman needs an efficient team and organized business activities. If you need to reduce expenses, and focus on your core business, join our Everything about Entrepreneurship course. Click here to know how this course will benefit you: https://www.badabusiness.com/?ref_code=ArticlesLeads

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Business motivation

5 Low-budget Digital Marketing Strategies for small-business owners

digital-marketing-strategy-for-small-business

5 Low-budget Digital Marketing Strategies for small-business owners

Are you a small business owner who is trying to make it big in the business market? Do you want to boost sales of your business, but have no funds to spend on marketing?  Are you looking for effective ways to do digital marketing for your business? If yes, then this is a must-read blog for you!

With the Covid-19 pandemic hitting worst at the small businesses and Indian startup sectors, businesses are looking for ways to make a comeback. Due to the imposed nationwide lockdown and new guidelines, small enterprises suffered great losses.

According to a report published in Financial Express, “the advertising industry in India will grow at 11.83% CAGR to reach a market size of Rs 1,33, 921 crores.”

Many entrepreneurs and solopreneurs are trying to boost their business sales with effective digital marketing strategies. If you too want to grow your business sales, here is a list of all the free tools and strategies that can help you to perform better in the market:

  1. Keep your SEO Game Up

Search engine optimization is an important factor that can make a huge difference in attracting visitors to your business website. Analyze your current SEO situation with the help of many tools that are available on the internet for free. With the help of these tools, you can deep audit your website .

  1. Find Target Keywords

We can`t stress enough how important keyword research is. Performing fresh keyword research several times can ensure that your sales figures are improving. There are free SEO tools like keyword planner tools from Google Adwords to perform search engine optimization.

  1. Start a Blog

According to WordPress, more than 409 million people read around 23.7 billion blog posts on its platform every month. And, that’s a lot of content! To attract visitors to your website, you are going to need a quality blog on your site. So, writing blogs that are stuffed with keywords will do your customers no good.

If you are wondering how long it takes to write a quality blog post, nearly half of the bloggers say that they spend around 1-3 hours on a single post.

  1. Use Email Marketing Campaigns

Some may argue that email marketing is a passé. But, it is still an excellent digital marketing strategy for small business owners. A well-crafted email can help you build personal connections with your clients and also helps to lower the marketing costs.

  1. Video Marketing

An eye-catching video or an advertisement can stay for a longer duration in a customer`s mind. So why not make the most out of it? An engaging video related to a product or service can help small business owners to dominate the market.

Getting involved in other platforms too is a great way to spread the word about your brand. It is an excellent marketing strategy for building trust.

What else you can do to ensure that your business is reaching out to its potential customers? Take our Problem Solving Courses to will help your business grow.

Break-through the challenges that you are encountering in your business by clicking here: https://www.badabusiness.com/psc?ref_code=ArticlesLeads

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Startup

Startup Ecosystem in India Has Capability To Create Sustainable Jobs, Holistic Plan Needed To Spur Domestic Funding: Nasscom

Startup

New Delhi, February 9: With an aim to help startups grow in India, IT industry body Nasscom said that a holistic plan is needed to spur domestic funding for startups in the country. India must increase its pipeline for domestic funding which will fuel innovation for India and help create sustainable jobs. At a panel discussion on IT initiatives announced in Budget 2021-22, Debjani Ghosh, President of software association NASSCOM said that Indian companies and domestic investors need to be encouraged to invest in startups.

The startups in India are competing at a global level, and their competitiveness and success, to some extent, hinges on attracting and retaining good talent, she said and added that ESOPs (employee stock ownership plan) was one such tool used by startups.

Indian startups are competing at a global level, and their competitiveness and success, to some extent, hinges on attracting and retaining good talent, she said and added that ESOPs (employee stock ownership plan) was one such tool used by startups.

The top official added saying that a level-playing-field must be ensured between them and foreign investors The measures announced in the Budget for startups are steps “in the right direction”, given the importance of this ecosystem and its vital role in fuelling innovation and sustainable jobs, she said.

In the Union Budget 2021, the government has proposed to incentivise incorporation of one-person companies (OPCs) and extend certain tax exemptions by a year for startups, steps that will promote entrepreneurship and encourage NRIs to invest.