ImpactAlpha, January 8 – YES Bank has selected fourteen startups tackling agriculture and clean tech challenges in India for its first startup accelerator program in these sectors.
YES Bank, one of the largest private banks in India, launched its YES SCALE program in June last year with a mission of mentoring, investing in and commercializing startups in sectors that the bank sees as crucial to India’s economic future. The 15-week program is modeled after the bank’s fintech accelerator program, which launched in 2017 and has run two cohorts for startups focusing on digital financial services.
The finalists selected for YES SCALE’s agtech and clean tech cohorts include:
- Agtech: Krimanshi Technologies, which makes low-cost cattle feed by recycling food waste; Foundation for Environmental Monitoring, which provides soil testing; Cultyvate, a smart irrigation system; the others in the cohort are Juvabhumi, Raav Tech Labs, Pixuate, Bharat Rohan Airborne Innovations, and Lean Agri.
- Clean tech: Fliprobotics, which is developing a robot to clean solar panels; Revy Environmental Solutions, which makes effluent treatment tech; The Solar Labs, which surveys and designs solar plant sites; the others in the cohort are Synapptra, Orxagrid, and DataGlen.
Finalists will receive grants of up to 20 million rupees ($28,500) and have access to up to $1 million through the program’s investor partners. They will also be supported by industry mentors and in developing commercialization strategies.
YES SCALE is also planning accelerator cohorts focused on smart cities, life sciences, and ed tech.