The Office of Principal Scientific Adviser to the Government of India is facilitating the National Bamboo Innovation Challenge by Finovista on behalf of the Foundation for MSME Clusters (FMC). The Challenge fund will lead to the identification of business opportunities in the Indian bamboo industry and startups and innovators who are keen to take it forward.
FMC has been implementing a project, titled ‘Promoting MSME Bamboo Clusters in India in nine states.’ The states are Assam, Arunachal Pradesh, Meghalaya, Mizoram, Tripura, Odisha, Chhattisgarh, Jharkhand, and Madhya Pradesh. The project will work to promote bamboo as a sustainable resource and generate green jobs. The project is designed to help the local community and other stakeholders collaborate for the promotion of a green economy, sustainable growth, economic prosperity, and poverty reduction in the MSME sector along with mitigation of climate change.
To tap into the potential of innovative Indian Bamboo startups, FMC, through Finovista, aims to identify and support Innovative innovators, startups, and SMEs to develop and scale up through the innovation challenge. Innovative startups and their ideas would be mapped and supported under the three categories:
1. Idea Stage
2. Prototype Development and test marketing stage
3. Commercial Production Stage
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The last date to apply is October 7, 2022.
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