The Indian Council of Agricultural Research (ICAR) under the National Agricultural Innovation Project(NAIP) has setup a Business Planning & Development (BPD) unit at National Rice Research Institute (NRRI) Cuttack. BPD is considered as an effective way for fostering the growth of sustainable business endeavor and is expected to provide an array of services ranging from incubation facilities such as office space, access to information and communication technologies, advice on management, marketing, technical, legal, IPR and financial issues. The BPD Unit is also expected to promote entrepreneurial attitude and raise awareness about the opportunities that the entrepreneurship can bring into the local business environment. The unit is intended to develop an institutional system to organize and promote the sharing of information among various stakeholders. The objectives of the project were:
Eventually, twenty-seven Agribusiness Incubation (ABI) Centers have been established in different ICAR-Institutes for technology commercialization and also to train the youth in their respective fields of interest. Entrepreneurship development remains the major objective of the ABIs to support the youth for their agribusiness start-ups. In this sequence, Agribusiness Incubation Centre of ICAR-NRRI was started in the year 2016 as a part of component II under the scheme “NAIF to replace BPD unit and is functioning with the following objectives.
in agri & allied sectors