CIBA, FICCI Join Hands for Knowledge Paper to Help Startups

Published: 19th March 2016 04:34 AM  |   Last Updated: 19th March 2016 04:34 AM   |  A+A-

CHENNAI: The Central Institute of Brackishwater Agriculture (CIBA), Chennai is working along with Federation of Indian Chambers of Commerce & Industry (FICCI) in developing a ‘Knowledge Paper’ which would act as a database of all leading researches at the institute.

“This base paper would be a summary of all research outputs and technologies available at CIBA along with their economics,” T Ravisankar, Principal Scientist at CIBA, told Express.

He added that any investor who has plans to invest in aquaculture would have a fair idea about various cost components, avenues of income, expected income level, once they go through this knowledge paper.

CIBA scientists claimed that the idea was to primarily attract startups, particularly those along the 1010-km-long coast in the state which employs one-third of Ph.D. research scholars from CIBA annually.

“Though a significant number of researchers get employed in state fisheries and private feed mill companies, the number of researchers joining startups were increasing, of late, and many have turned into entrepreneurs in their native villages.”, Ravisankar added.

This knowledge paper would mainly focus on three major aquaculture avenues -  hatcheries for shrimps, feed mills and health products for aquatic animals. P K Patil, senior scientist, Agri Business Incubator, CIBA, said that once all relevant information was made available at one place and in single instant, FICCI has assured facilitating funding requirements of startups who volunteered to invest.

“The FICCI would act as a catalyst in promoting the startups and possible handholding for a period of three years within which they can establish themselves in the market,” said Ruban Hobday, Head, FICCI-Tamil Nadu State Council.

He added that the FICCI would also help in identifying angel investors, identify potential funders, once startup is established and would also liaise with the government of Tamil Nadu for making the situation conductive to growth of startups.

This was an initiative under the Indian Council of Agricultural Research’s (ICAR’s) start-up India programme for brackwaterish aquaculture. Startups only when registered with the Agri Business Incubator at CIBA would receive funds from the government of India along with external support for their aquaculture based enterprises.

what & How of it

■ The base paper would be a summary of all research outputs and technologies available at CIBA along with their economics

■ The idea is to attract startups, particularly along the 1,010-km coast, which employs one-third of PhD scholars from CIBA

■ Paper would focus on three aquaculture avenues — hatcheries for shrimps, feed mills and health products for aquatic animals

■ Once all information is collated, FICCI will facilitate funding requirements of startups, who volunteer to invest

■ FICCI will help in identifying angel investors and potential funding agencies and will even liaise with government for conducive environment


Stay up to date on all the latest Chennai news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp