The CIIE.CO-led Assam Agribusiness Growth Lab (AAGL) Program, funded by the World Bank, has achieved remarkable success with 25 startups successfully accelerated in its first-year cohort. The second cohort, known as Cohort 2.0, aims to graduate over 100 startups within the next two years.
The AAGL Program hosted “Assam Agri Startup Connect” on 9th June 2023 in Delhi to showcase businesses and present ideas to a distinguished panel of evaluators. The primary objectives were to secure investments, establish partnerships, and gain recognition within the industry. The first cohort of 25 startups achieved remarkable results, including a 20% average turnover increase and mobilising INR 8.26 crore in finance. In the second cohort, women-led startups saw a notable surge, rising from 32% to 45%.
The program has expanded its reach, now encompassing 12 districts. 9 enterprises from Cohort 2.0 will take advantage of the Assam Agri Startup Connect event in Delhi to deliver their pitches to potential investors and forge connections with prospective buyers. Chintan Antani, Vice President CIIE.CO. said, ” By offering mentorship, access to funding, and industry collaborations, we are empowering startups to overcome barriers and accelerate their growth trajectory.”
