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This book focuses on the principles and procedures related to entrepreneurship in the fields of veterinary and animal sciences. It also addresses the challenges that entrepreneurs in these fields may face. The book discusses the innovative ideas and strategies for starting a business unit, as well as its financial direction. The author shares their personal experiences and real-life examples from academic and extension activities to illustrate the problems faced by entrepreneurs in veterinary and animal husbandry.
The chapters are written in a clear and understandable language, making it accessible to readers from various backgrounds. This publication is intended for entrepreneurs, researchers, students, academicians, and policy makers who are interested in learning about entrepreneurship in veterinary and animal sciences.
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Preface
The current scenario in India is very lucrative for starting own venture and entrepreneurship, which is getting more encouragement and boost from all sector as well as from Government of India. Numbers of startup has been developed and initiated through Startup India mission and it is progressing to become big globally. Agriculture combining to business become Agribusiness is a very popular terms now a days and have many resources to make profitable startup and entrepreneurship. Small and medium agribusiness enterprises are very much needed to link smallholder producers to national market, meet food demand and create jobs opportunity. Thus the book Entrepreneurial and Startup Opportunities in Veterinary and Animal Husbandry deals with principle and procedure and challenges of entrepreneurship in Agriculture practices in particular reference to Veterinary and Animal Sciences. The innovation and idea to start a business unit and its financial direction are discussed with suitable success stories for personal to take up startup in Veterinary and Animal Husbandry sector. The book mainly focuses the agriprenurship opportunity in Jammu and Kashmir and also cited some of the success stories in the agriculture and veterinary sector. The chapters in the book are written in very simple understandable language and are based on their personal experiences in their academic and extension approach in the subjects.
Preface
The current scenario in India is very lucrative for starting own venture and entrepreneurship, which is getting more encouragement and boost from all sector as well as from Government of India. Numbers of startup has been developed and initiated through Startup India mission and it is progressing to become big globally. Agriculture combining to business become Agribusiness is a very popular terms now a days and have many resources to make profitable startup and entrepreneurship. Small and medium agribusiness enterprises are very much needed to link smallholder producers to national market, meet food demand and create jobs opportunity. Thus the book Entrepreneurial and Startup Opportunities in Veterinary and Animal Husbandry deals with principle and procedure and challenges of entrepreneurship in Agriculture practices in particular reference to Veterinary and Animal Sciences. The innovation and idea to start a business unit and its financial direction are discussed with suitable success stories for personal to take up startup in Veterinary and Animal Husbandry sector. The book mainly focuses the agriprenurship opportunity in Jammu and Kashmir and also cited some of the success stories in the agriculture and veterinary sector. The chapters in the book are written in very simple understandable language and are based on their personal experiences in their academic and extension approach in the subjects.
1 Role of Agri-Business Entrepreneurship Models, Policies and Challenges
J.P. Sharma, Anil Bhat
Agribusiness is a term used to describe the sector that encompasses all economic activities that are related to farming, i.e., breeding, crop production/farming, farm machinery, distribution, marketing etc. It relates to industries that are engaged in farming or that produce farm inputs. Examples of agribusiness include farm machinery manufacturing, seed supply, and agrichemicals. It also is used to describe businesses that are involved in the marketing and distribution of farm products. These businesses include warehouses, wholesalers, processors, retailers, and more. Any company that participates in the production, marketing, safety, and distribution of food is involved in agribusiness. More precisely it is defined as a sector that supports the growth of the agricultural industry, which is pivotal to economic growth. It also continues to play a crucial role in the growth of developing countries. Agribusinesses can potentially improve agricultural productivity, which is why governments often offer subsidies to agricultural businesses. Agricultural activities also contribute to an improved system of food security and sustainable food production, as well as income for a majority of the poor in developing countries. However, the activities increase the emission of greenhouse gases and contribute to global warming – which is why innovation is important in the sector to address such problems.
Agribusiness is a term used to describe the sector that encompasses all economic activities that are related to farming, i.e., breeding, crop production/farming, farm machinery, distribution, marketing etc. It relates to industries that are engaged in farming or that produce farm inputs. Examples of agribusiness include farm machinery manufacturing, seed supply, and agrichemicals. It also is used to describe businesses that are involved in the marketing and distribution of farm products. These businesses include warehouses, wholesalers, processors, retailers, and more. Any company that participates in the production, marketing, safety, and distribution of food is involved in agribusiness. More precisely it is defined as a sector that supports the growth of the agricultural industry, which is pivotal to economic growth. It also continues to play a crucial role in the growth of developing countries. Agribusinesses can potentially improve agricultural productivity, which is why governments often offer subsidies to agricultural businesses. Agricultural activities also contribute to an improved system of food security and sustainable food production, as well as income for a majority of the poor in developing countries. However, the activities increase the emission of greenhouse gases and contribute to global warming – which is why innovation is important in the sector to address such problems.
2 Emerging Opportunities in Agribusiness
Anil Bhat
Introduction
Everyone is familiar with the term start-up or entrepreneurship which refers to a process by which individuals start and manage their businesses and industrial enterprises. Entrepreneurs are people who take risks and invest their capital in businesses and industrial enterprises. Entrepreneurial in terms of personal development in terms of self-determination create take risks Therefore, anyone who exhibits the characteristics of self-development, creativity, personal decision-making, and risk-taking can be called a person with entrepreneurial characteristics. When these characteristics are exhibited by someone who is running a business, they can be called an entrepreneur. Entrepreneurship is the ability and willingness to develop, organize and manage a business enterprise, with all its uncertainties, in order to make a profit. The most prominent example of entrepreneurship is starting a new business. In economics, business activities involving land, labor, natural resources, and capital can generate profits.
Everyone is familiar with the term start-up or entrepreneurship which refers to a process by which individuals start and manage their businesses and industrial enterprises. Entrepreneurs are people who take risks and invest their capital in businesses and industrial enterprises. Entrepreneurial in terms of personal development in terms of self-determination create take risks Therefore, anyone who exhibits the characteristics of self-development, creativity, personal decision-making, and risk-taking can be called a person with entrepreneurial characteristics. When these characteristics are exhibited by someone who is running a business, they can be called an entrepreneur. Entrepreneurship is the ability and willingness to develop, organize and manage a business enterprise, with all its uncertainties, in order to make a profit. The most prominent example of entrepreneurship is starting a new business. In economics, business activities involving land, labor, natural resources, and capital can generate profits.
3 Role of Jammu & Kashmir Entrepreneurship Development Institute (JKEDI) in the Development of Entrepreneurship
Vinod Kumar
An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.
Entrepreneurship is an act of being an entrepreneur, or “the owner or manager of a business enterprise who, by risk and initiative, attempts to make profits”. Entrepreneurs act as managers and oversee the launch and growth of an enterprise. Entrepreneurship is the process by which either an individual or a team identifies a business opportunity and acquires and deploys the necessary resources required for its exploitation.
An entrepreneur uses their time, energy, and resources into creating value for others. They are rewarded for this effort monetarily and therefore both the consumer of the value created and the entrepreneur are benefitted.
An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.
Entrepreneurship is an act of being an entrepreneur, or “the owner or manager of a business enterprise who, by risk and initiative, attempts to make profits”. Entrepreneurs act as managers and oversee the launch and growth of an enterprise. Entrepreneurship is the process by which either an individual or a team identifies a business opportunity and acquires and deploys the necessary resources required for its exploitation.
An entrepreneur uses their time, energy, and resources into creating value for others. They are rewarded for this effort monetarily and therefore both the consumer of the value created and the entrepreneur are benefitted.
4 Opportunities for Startups in Livestock Sector
Manish K. Chatli, Pratikshya Panda
Current scenario of Startups in India
India, currently is being evolved as a hub for Revolution, innovation and Startups as it holds 3rd rank in global startup ecosystem worldwide after US and China. The flagship initiative of Government, Startup India, is intended to construct arobust eco-system for fostering innovations and startups in the country. Through this initiative, the Government aims to empower the growth of startups through new innovations and strategies. As per the reports of Startup India, the startup sector is expected to mark steady annual growth of 12-15% (startupindia.gov.in). By the year 2018, India already had a list of about 50,000 startups. As per the data, more than 800 technology startups are being established every year (NASSCOM, 2015). The annual growth has increased to 15% and the number of female entrepreneurs has also increased to 14% (startupindia.gov.in). As of December 2021, the country is home to 81 unicorns which has a total estimate of $ 274.17 Bn. Out of these unicorns, 44 unicorns came into existence in 2021 itself, which was a record year for the country. These Figures show that startups have exploded in the country in recent years.
India, currently is being evolved as a hub for Revolution, innovation and Startups as it holds 3rd rank in global startup ecosystem worldwide after US and China. The flagship initiative of Government, Startup India, is intended to construct arobust eco-system for fostering innovations and startups in the country. Through this initiative, the Government aims to empower the growth of startups through new innovations and strategies. As per the reports of Startup India, the startup sector is expected to mark steady annual growth of 12-15% (startupindia.gov.in). By the year 2018, India already had a list of about 50,000 startups. As per the data, more than 800 technology startups are being established every year (NASSCOM, 2015). The annual growth has increased to 15% and the number of female entrepreneurs has also increased to 14% (startupindia.gov.in). As of December 2021, the country is home to 81 unicorns which has a total estimate of $ 274.17 Bn. Out of these unicorns, 44 unicorns came into existence in 2021 itself, which was a record year for the country. These Figures show that startups have exploded in the country in recent years.
5 Startup Opportunities in Veterinary Sector
Sanku Borkataki, Pankaj Goswami
Unemployment is a big challenge in every sector. In Jammu and Kashmir unemployment rate is 22.2 percent as per the Centre for Monitoring Indian Economy (CMIE) figures, and the rate is even higher than the National level unemployment rate of 7.1 percent recorded across India. Livestock sector plays an important role in rural livelihood, employment and income generation. There is a huge opportunity in this sector for developing start-up at their own and generation of employment. This is all possible if the skilled graduate of animal husbandry can be motivated for fostering new idea of startup which is market driven. Major livestock products like milk and milk products, meat and eggs contribute around one-sixth of the calories and one-third of the proteins in the per capita food supplies of the world. Animal husbandry is the second largest economic activity of rural India. Animal husbandry is a growth engine and annual growth rate in dairying is 5 % and in poultry it is 10% and will alleviate rural poverty and uplift the rural farmer. The availability of per capita animal protein is 10.8g whereas the requirement as per world average is 25g. National sample survey reports that 70-75% of their food budget is for milk and milk products. The need of the hour is increase in production, productivity and improvement through value addition in the marketing channel. Commercialization of cow dung and urine will also encourage people to not discard cows which have stopped milk production. By-products like urine and dung can be used for medicinal and agriculture purposes. It has been reported that startups would receive upto 60 per cent initial investment from Government for by-products like cow dung and urine. Eco friendly products can be prepared from dung and urine like Bio CNG, vermicompost, incense sticks, flowerpots, dung log etc.
Unemployment is a big challenge in every sector. In Jammu and Kashmir unemployment rate is 22.2 percent as per the Centre for Monitoring Indian Economy (CMIE) figures, and the rate is even higher than the National level unemployment rate of 7.1 percent recorded across India. Livestock sector plays an important role in rural livelihood, employment and income generation. There is a huge opportunity in this sector for developing start-up at their own and generation of employment. This is all possible if the skilled graduate of animal husbandry can be motivated for fostering new idea of startup which is market driven. Major livestock products like milk and milk products, meat and eggs contribute around one-sixth of the calories and one-third of the proteins in the per capita food supplies of the world. Animal husbandry is the second largest economic activity of rural India. Animal husbandry is a growth engine and annual growth rate in dairying is 5 % and in poultry it is 10% and will alleviate rural poverty and uplift the rural farmer. The availability of per capita animal protein is 10.8g whereas the requirement as per world average is 25g. National sample survey reports that 70-75% of their food budget is for milk and milk products. The need of the hour is increase in production, productivity and improvement through value addition in the marketing channel. Commercialization of cow dung and urine will also encourage people to not discard cows which have stopped milk production. By-products like urine and dung can be used for medicinal and agriculture purposes. It has been reported that startups would receive upto 60 per cent initial investment from Government for by-products like cow dung and urine. Eco friendly products can be prepared from dung and urine like Bio CNG, vermicompost, incense sticks, flowerpots, dung log etc.
6 Prospects and Potential of Agri-Business Entrepreneurship for Enhancing Income and Employment: Success Stories
J.P. Sharma, Pawan Kumar Sharma
India is an agrarian country and the agriculture and allied sector is the largest employer of workforce as it accounted for a sizeable 18.8 per cent in 2021-22 in Gross Value Added (GVA) of the country (Economic Survey 2021-22).Agriculture is the primary source of livelihood for about 58% of India’s population and only the food processing industry employs about 1.77 million people (Indian Agriculture and Allied Industries Industry Report, November 2021). In the year 2019-20, gross value added by agriculture, forestry, and fishing was estimated at Rs. 19.48 lakh crore (US$ 276.37 billion). But still farming community has to face lot of hardships. The farmers are still applying chemical fertilizers on the basis of their own experiences as they don’t possess the soil heath cards. Although central government has initiated Soil Health Management (SHM) scheme to assist State Governments to set up new static Soil Testing Laboratories (STLs) and Mini Soil testing Labs (MSTLs). But it is time consuming and cumbersome process. There is great opportunity for Agri-business entrepreneurs with a commercially viable solution to farmers by development of simplified, sensor based and quick soil testing methods to test the nutrients and micronutrients.
India is an agrarian country and the agriculture and allied sector is the largest employer of workforce as it accounted for a sizeable 18.8 per cent in 2021-22 in Gross Value Added (GVA) of the country (Economic Survey 2021-22).Agriculture is the primary source of livelihood for about 58% of India’s population and only the food processing industry employs about 1.77 million people (Indian Agriculture and Allied Industries Industry Report, November 2021). In the year 2019-20, gross value added by agriculture, forestry, and fishing was estimated at Rs. 19.48 lakh crore (US$ 276.37 billion). But still farming community has to face lot of hardships. The farmers are still applying chemical fertilizers on the basis of their own experiences as they don’t possess the soil heath cards. Although central government has initiated Soil Health Management (SHM) scheme to assist State Governments to set up new static Soil Testing Laboratories (STLs) and Mini Soil testing Labs (MSTLs). But it is time consuming and cumbersome process. There is great opportunity for Agri-business entrepreneurs with a commercially viable solution to farmers by development of simplified, sensor based and quick soil testing methods to test the nutrients and micronutrients.
7 Application of Artificial Intelligence in Animal Health
P. Krishnamoorthy, K.P. Suresh
Artificial intelligence is a computational science concerned with smart computer machines capable of performing tasks similar to the human intelligence. The term AI is widely used for the projects involved in the developing the intellectual processes of human intelligence such as reasoning ability, meaning discovery, generalization, learning from the past. AI technology mainly analyses the huge amount of data based on the set of instructions or commands known as algorithms to do a specific function or task. The mathematician Alan Turing with a simple question “Can machines think?” revolutionised the history. His paper “Computing Machinery and Intelligence” in 1950 and Turing test has favour the development of goal and the vision of AI.
The research in AI are mainly focussed on the following intelligence components namely:
Learning
Reasoning
Problem solving
Perception
Language use
Artificial intelligence is a computational science concerned with smart computer machines capable of performing tasks similar to the human intelligence. The term AI is widely used for the projects involved in the developing the intellectual processes of human intelligence such as reasoning ability, meaning discovery, generalization, learning from the past. AI technology mainly analyses the huge amount of data based on the set of instructions or commands known as algorithms to do a specific function or task. The mathematician Alan Turing with a simple question “Can machines think?” revolutionised the history. His paper “Computing Machinery and Intelligence” in 1950 and Turing test has favour the development of goal and the vision of AI.
The research in AI are mainly focussed on the following intelligence components namely:
Learning
Reasoning
Problem solving
Perception
Language use
8 Pet Practice Startup A Successful Model
Shilpi Das
India is the fastest-growing pet care market in the world and the pet population is of an estimate of 28-29 million, with dogs making up the bulk of pet ownership. The rising pet ownership has led to the growth of the pet care ecosystem comprising retail chains, pet nutrition pharmaceuticals, grooming, toys, clothing, diagnostics, and clinical practice. The pandemic of Covid-19 has a significant impact on the Indian economy; and the pet industry has seen a steep growth during the pandemic period. Isolation and anxiety during the lockdown led to many restorations to adopt furry companions. The veterinary graduate has a lot of opportunities, and it depends upon the individual as to what sector the student wants to pursue. Employment opportunities include diverse areas such as clinical practice, teaching, and research, regulatory medicines, public health, wildlife specialist, or lab animals. Depending upon the interest, one can start exploring options to work for the pet industry and join the Veterinary pet practice clinical.
India is the fastest-growing pet care market in the world and the pet population is of an estimate of 28-29 million, with dogs making up the bulk of pet ownership. The rising pet ownership has led to the growth of the pet care ecosystem comprising retail chains, pet nutrition pharmaceuticals, grooming, toys, clothing, diagnostics, and clinical practice. The pandemic of Covid-19 has a significant impact on the Indian economy; and the pet industry has seen a steep growth during the pandemic period. Isolation and anxiety during the lockdown led to many restorations to adopt furry companions. The veterinary graduate has a lot of opportunities, and it depends upon the individual as to what sector the student wants to pursue. Employment opportunities include diverse areas such as clinical practice, teaching, and research, regulatory medicines, public health, wildlife specialist, or lab animals. Depending upon the interest, one can start exploring options to work for the pet industry and join the Veterinary pet practice clinical.
9 Entrepreneurship Wings in Veterinary Sector
Ankur Sharma
Entrepreneurship opportunities in veterinary sciences have expanded significantly with the integration of technology. The convergence of veterinary expertise and innovative technological solutions has opened up new avenues for entrepreneurs to create impactful businesses in the field. This field offers a wide range of opportunities for persons passionate about animal health and welfare. In the recent years, the demand for high-quality veterinary services and products has increased tremendously, creating an enriching environment for aspiring entrepreneurs. There are various avenues available in the veterinary industry for individuals thinking about establishing their own businesses.
Entrepreneurship opportunities in veterinary sciences have expanded significantly with the integration of technology. The convergence of veterinary expertise and innovative technological solutions has opened up new avenues for entrepreneurs to create impactful businesses in the field. This field offers a wide range of opportunities for persons passionate about animal health and welfare. In the recent years, the demand for high-quality veterinary services and products has increased tremendously, creating an enriching environment for aspiring entrepreneurs. There are various avenues available in the veterinary industry for individuals thinking about establishing their own businesses.
10 Finance and Funds for Entrepreneurship and Innovation
Anil Bhat, Malika Sharma
Entrepreneurship involves seeking and exploiting opportunities available for the benefit of the society. The changing agro-economic conditions in our country have offered a prospective context for developing entrepreneurship in agri-business in the country. Agri-entrepreneurship has the prospect of social and economic development, for example, employment generation, poverty reduction, improvements in nutrition, health and overall food security in the national economy especially in rural areas. The task of promoting entrepreneurship was earlier given to different departments and government agencies. In 2014, the Prime Minister decided to dedicate an entire ministry to build this sector as he felt that skill development required greater push from the government’s side. The idea is to reach maximum people and startups through funding and skill development initiatives.
Entrepreneurship involves seeking and exploiting opportunities available for the benefit of the society. The changing agro-economic conditions in our country have offered a prospective context for developing entrepreneurship in agri-business in the country. Agri-entrepreneurship has the prospect of social and economic development, for example, employment generation, poverty reduction, improvements in nutrition, health and overall food security in the national economy especially in rural areas. The task of promoting entrepreneurship was earlier given to different departments and government agencies. In 2014, the Prime Minister decided to dedicate an entire ministry to build this sector as he felt that skill development required greater push from the government’s side. The idea is to reach maximum people and startups through funding and skill development initiatives.