06 August 2024, New Delhi: The Ministry of Food Processing Industries (MoFPI) organized a Startup Conclave titled SUFALAM (Startup Forum for Aspiring Leaders and Mentors) on 13-14 February 2024 in New Delhi to promote Startups in the food processing sector. The event had a knowledge session, panel discussion, networking & pitching session along with an exhibition showcasing novel products from the startups.
MoFPI has supported 38 Startups, through its two autonomous Institutions namely, the National Institute of Food Technology Entrepreneurship & Management, Kundli, Haryana (NIFTEM-K) and the National Institute of Food Technology Entrepreneurship & Management, Thanjavur, Tamil Nadu (NIFTEM-T). Six of them are the winners of the National Level Startup Grand Challenge conducted last year and awarded a cash prize of Rs.3 lakh each.
The Institutes also provide handholding support, mentorship, training, access to facilities such as Pilot Plant, NABL-accredited Food Testing Labs, incubation services, quality testing, R&D support, networking opportunities, etc. to these Startups.
These startups in the Food and Allied sectors are developing value-added products, bringing innovative technologies, enhancing productivity & efficiency in food processing, fostering entrepreneurship, providing job opportunities and skill development, which boosts economies and contributes in inclusive growth.
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