About the Department
Invest India is the National Investment Promotion and Facilitation Agency under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India. It hosts teams working with various government initiatives such as Make in India, Startup India, AGNii, and PMG.
This role is focused on startup ecosystems with attention to building and growing non-farm and food processing startup ecosystem in India largely around emerging and accelerating Micro and Nano enterprises
Drive innovations and growth within the envisaged start-up environment, specifically tailored to the non-farm, food processing and bio-diversity intensive manufacturing and services sectors.
Work towards developing frameworks for Tailored Financial Support, Improved Market Access, Regulatory and Policy Support, and access to Technology for the Non-farm and food processing sectors, while identifying scope for recycling, up-cycling, Waste to wealth creation, Biodegradability, energy efficiency, Greening and sustainability.
Build frameworks and methodologies for engaging Government initiatives, AIFs, VCs, AF, and Retail Investors for fund creation while setting clear criteria and mechanisms for fund disbursement that prioritize innovation and adoption impacts over immediate financial returns.
Collaborate with government bodies, industry experts, start-ups, incubators, Investors, academic institutions, R&D units and social sector entities to enhance the start-up ecosystem's impact on national economic growth, besides innovation.
Key Responsibilities
- Develop and implement comprehensive strategic plans for building incubation/acceleration/investment and growth strategies of non-farm and food processing start-ups, aligning with national economic and innovation objectives.
- Establish frameworks to integrate social/developmental/technological innovation initiatives within the start-up ecosystem, focusing on sustainable commercial and scalable growth in the non-farm and food processing sectors.
- Establish a national network of incubators and accelerators active in the space of non-farm and food processing innovations, ensuring alignment with global standards and practices including design incubation and investment programs tailored to the non-farm and food processing sectors, including mentorship, workshops, communication design, branding, boot camps, and networking campaigns.
- Create sector-specific strategies for non-farm and food processing start-ups, identifying and addressing bottlenecks to global competitiveness and innovation. Eg. Artisanal sector, Collective based initiatives like SHGs, FPOs, Producer companies, Rural initiatives, Traditional sectors, Social and environmental initiatives etc. further, drive the development and scaling of the start-up ecosystem in such sectors, bringing together the entire value chain to foster significant investments and innovation.
- Understand and implement targeted strategies for focussed geographies that address specific challenges and leverage local opportunities especially in lesser exposed states to start-up ecosystems, such as Bihar, Jharkhand, West Bengal, Odisa, Chhattisgarh and the North eastern regions
- Develop funding strategies to accelerate start-ups in the non-farm and food processing sectors, focusing on providing patient capital to support tech-intensive and innovative solutions.
- Build and maintain strong relationships with government officials especially at State levels, industry leaders, venture capitalists, angel investors, research institutions, incubators and academic experts to support and grow the start-up ecosystem.
- Develop strategies to enhance international collaborations, attracting global investments to Indian markets and fostering cross-border innovations.
- Promote India as a key player in the global non-farm and food processing sectors, increasing trade and investment opportunities.