Selection and Investment Committee (SIC)'
The SIC will be constituted under the chairmanship of expert of Startup industry expert comprising of 5-7 domain experts and a few co-opted members (as per their expertise) at the level of KP.
1. Startup Industry or Academician (Chairperson)
2. Agri Expert-Industry (1 – 2 nos)
3. Agri Expert- Academia (1 – 2 nos)
4. Agri sector VC/AIFs/Banks
5. DA&FW nominee
6. Nominee from the State Government
7. PI of the Knowledge Partner (Member Secretary)
The roles and responsibility of SIC are as follows:
1. To select agri startups of R-ABIs and KPs for providing grant-in-aid support;
2. To decide about the quantum of grant-in-aid support to each agri startup;
3. To decide the category for the agri startups under the two funding categories i.e pre seed and seed stage of the Program;
4. Setting up and review the milestones of agri startups and release of next instalment if found satisfactory;
5. To Decide about any other issues/ course correction related to funded startups including idea pivoting.
6. The approval of the proposed SIC committee members will be done by DA & FW based on their profile and relevance
7. The members of the SIC will be chosen on two year rotation basis or as found suitable by DA & FW
8. The decision of the SIC will be final with respect to the selection of the startups for different stages of the funding.