Satyukt Analytics Wins Smart Farm Grant Challenge by STPI for Revolutionary Sugarcane Harvesting Solution
“From 474 pan-India applications, Satyukt Analytics emerges victorious in the Smart Farm Grant Challenge (SFGC), securing Rs. 50 lakh for innovative agri-tech development.”
17th October 2024, India- Satyukt Analytics has emerged as the winner of the Smart Farm Grant Challenge (SFGC) program, organized by the Software Technology Parks of India (STPI), an autonomous body under the Ministry of Electronics and Information Technology (MeitY). Satyukt's innovative solution for enhancing sugarcane harvesting efficiency has earned them the prestigious grant prize of Rs 50 lakh. The felicitation ceremony was held in New Delhi, with Shri S. Krishnan, Secretary, Ministry of Electronics and IT, gracing the event as the chief guest.
The Smart Farm Grant Challenge (SFGC) program was initiated by STPI to enable innovative approaches for efficient sugarcane harvesting. This year's challenge received an impressive 474 submissions, reflecting the competitive and high-quality nature of the event.
The criteria for the award included predicting the optimum harvest time, estimating sugar content, identifying mature plots, and delivering actionable insights in an easily interpretable format. An expert jury pre-screened 108 applications, shortlisted 25 start-ups for a pitch presentation, and selected the top 10, each receiving a grant of 5 lakhs to develop a working prototype. and selected the top four for product development grants of Rs 20 lakh each.
After rigorous evaluation, Satyukt Analytics was declared the final winner, securing a grant prize of Rs 50 lakh for the first year and Rs 10 lakh per year for the next two years for the operation and maintenance of their solution.
"We are thrilled to be recognized by STPI for our efforts in revolutionizing sugarcane harvesting," commented Dr. Sat Kumar Tomer, Founder & CEO at Satyukt Analytics. "This award underscores our dedication to enhancing agricultural productivity and sustainability through technological innovation."
Satyukt Analytics winning solution will be deployed in a 100-acre plot area and utilized by the Government of India, state government entities, and sugar mills over three years, providing advisory services to farmers and significantly improving agricultural practices.
About Satyukt Analytics -
Satyukt, is a leading global Ag-tech company at the forefront of harnessing satellite data, advanced technology, and machine learning, to provide satellite-based farming solutions to farmers and agricultural stakeholders to revolutionize agriculture through precision farming.
Harnessing the power of satellites, Satyukt delivers critical insights spanning soil health, crop health, moisture levels, weather patterns, and pest/disease alerts. This robust information empowers farmers, providing them with the knowledge needed to make informed decisions that optimize yield and resource management.
Website - https://satyukt.com/
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