Case study of FIB-SOL Life Technologies Start-up……

Original article was published on Artificial Intelligence on Medium

Business Plan

Agriculture is one of the most significant sectors of the economy in India. More than 58 percent of rural households rely on agriculture as their main livelihood. However, this industry has yet to witness a massive transformation despite technology disrupting most sectors in the last decade.

Anant Raheja, the co-founder of FIB-SOL Life Technologies, says: “There is a tremendous variety in the agricultural sector in terms of farming methods, crop varieties, weather conditions and, most significantly, the region’s unsaid policies. Much business growth depends on the channels of distribution and market fluctuations, which may seem entirely out of the control of anyone.’

To tackle this problem and ensure value production in agriculture for the whole supply chain, FIB-SOL has developed nanofibre technology to minimize prices, increase crop yields, and boost soil quality. With biodegradable low weight and low-cost biofertilizer, the platform aims to impact the entire value chain by improving manufacturers’ product shelf life, helping suppliers effectively store their inventory, and boosting farmers’ income.

They made the bio-fertilizers with natural by-products. which help to regrowth of plants this bio-fertilizers are biodegradable and easily used, and one of the best advantages is it has low pollution causing effects.

Another advantage like they have created nanofibre technologies intended to reduce costs, increase crop yields, and boost soil quality. Using biodegradable low weight and low-cost biofertilizer, the initiative seeks to affect the whole supply chain by increasing manufacturers’ commodity shelf life, allowing retailers to store their inventory effectively and raising farmers’ income.