Agritech startup EF Polymer raises $10M in incubation programme

Agritech startup EF Polymer raises $10M in incubation programme

Udaipur-based agritech startup EF Polymer was selected for a one-year residency incubation programme by the Japanese government at the Okinawa Institute of Science and Technology (OIST).

The startup will also get a funding of $10 million as part of the programme, as well as access to market, mentorship, clients, training, residency, and a connect with other investors.

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Speaking on the incubation programme and the funding, Narayan Lal Gurjar, Co-founder of ePolymer said,”

Speaking on the incubation programme and the funding, Narayan Lal Gurjar, Co-founder of ePolymer said, “We were selected from over 50,000 applications from across the globe. The entire process took over four months.

We went through multiple screening and interview rounds before we were chosen. With this programme, we will be getting access to R&D Labs. Since this programme is in collaboration with the Japanese government and OSIT, they have taken no equity.”

The startup has also been part of the incubation centre at the College of Technology and Engineering in Udaipur. It was also incubated by iStart Rajasthan, the state government’s initiative to foster, support and promote startups.

With OSIT, the founders of EF Polymer will look to explore ways to build better natural polymers. “Since it is a global programme, the Japanese government will be working with us closely. And if they like what we do, they will even help us set up a team and process there,” said Narayan.

 

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