Hyderabad startup Cornext selected for Indo Israel Cohort Program
Hyderabad: Cornext, a Hyderabad-based agritech startup, which offers low-cost, innovative quality feeding solutions for Indian dairy farmers, is one among the seven startups selected from India for the ‘Indo Israel Cohort Program’ jointly launched by Startup Nation Central, Israel, TiE Hyderabad, and TiE Israel. The first cohort of the programme will focus on innovations in […]
Hyderabad: Cornext, a Hyderabad-based agritech startup, which offers low-cost, innovative quality feeding solutions for Indian dairy farmers, is one among the seven startups selected from India for the ‘Indo Israel Cohort Program’ jointly launched by Startup Nation Central, Israel, TiE Hyderabad, and TiE Israel.
The first cohort of the programme will focus on innovations in the agritech sector, and the shortlisted startups will undergo speaker sessions and workshops on sensitisation to Indian/Israeli culture, business culture, perspectives on local market, consumer behaviour and exposure to high-growth sectors in both countries.
The cohort includes startups with the potential for social and economic impact. The eight-month programme will help startups get access to insights on new technologies, new markets and help in creating new opportunities.
Founded in 2015, Cornext is focused on building a fodder ecosystem to help Indian dairy farmers with a sustained supply of fodder. India is the world’s largest producer and consumer of milk, owing to its massive cattle population. However, milk productivity in India is one of the lowest in the world, mainly due to fodder shortage and lack of preservation techniques.
India is home to more than 30 crore cattle, and more than 50 per cent of them suffer from severe starvation. Fodder shortage is a major issue in the Indian dairy sector, and this gap in demand and supply will continue to further increase by 2030. Cornext was founded with an aim to address this problem and provide a convenient solution to access quality fodder.
Founded by three first generation entrepreneurs Madhav Kshatriya, Amarnath Sarangula and Feroz Ahmed, Cornext has taken an integrated approach to help dairy farmers.
Madhav Kshatriya, CEO of Cornext, said, this recognition further strengthens the company’s commitment to ensure easy availability of affordable and quality fodder for increasing profit margins of farmers and creating livelihood opportunities for the unemployed.
After a very rigorous selection process, TiE has selected seven startups from India and five startups from Israel in the categories of smart farming, precision agriculture & farm management offering, novel & alternate foods, and food tech.
Ranvijay Lamba, Programme co-chair, TiE Hyderabad said, “The aim of this programme is to encourage innovation and technology partnership for startups, and to give them the right mentoring opportunities for guidance on different aspects of the business.”
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