Shillong, 28 Oct: Recycle Bazzar, a Meghalaya-based technology-driven waste management startup, has earned distinction as one of the top 8 high-potential enterprises selected under the North East AI and Digi-SAPNE 2.0 (Startup Acceleration Program for North East).
The achievement positions Recycle Bazaar among the top 2 startups representing Meghalaya in the prestigious cohort.
The recognition was announced during a high-energy Demo Day at AIC-SMUTBI, marking the conclusion of a rigorous six-month program supported by the Ministry of Electronics and Information Technology (MeitY), Government of India.
Digi-SAPNE 2.0 aims to strengthen the entrepreneurial and innovation landscape of the North-East region through expert mentorship, access to critical resources, and investment facilitation.
This year, 402 applications were received from all eight North-Eastern states, from which only 12 technology-driven startups were selected.
Collectively, the selected startups delivered Rs 7.98 crores in quarterly revenue and raised Rs 5.25 crores in external investment during the same period.
Throughout the cohort, 28 mentors contributed more than 1,000 hours of engagement, while more than 14 investment agencies, including venture capitalists, angel investors, and family offices, initiated negotiations with the participating startups.
On Demo Day, held on September 19, the 12 startups presented their business models before the AIC-SMUTBI Investment Committee. Following rigorous evaluation, 10 startups were awarded a grant of Rs 10 lakh each. The selected startups from across the Northeast receiving support are as follows:
Under Digi-SAPNE Scheme
* Respirit Healthcare (Assam)
* Recycle Bazzar (Meghalaya)
* Sutsung Enterprise (Nagaland)
* Green Biotech Ecolsolutions (Manipur)
* Cubo Bots (Tripura)
* Infinite Swasthya (Assam)
* Eigthsis Technologies (Mizoram)
* Acuvea Healthcare Technologies (Tripura)
Under Startup India Seed Fund (SISF)
* Arunachal Ivory & Ornaments (Arunachal Pradesh)
* Spaced Revision (Sikkim)
As part of the preparatory phase leading to Demo Day, a focused bootcamp was conducted on September 18 with the support of SIDBI, featuring sessions on financial hygiene and business strategy, along with information on financing schemes available to early-stage ventures.
Expressing gratitude, a Rony Saha founder and CEO of Recycle Bazaar acknowledged PRIME Meghalaya for its pivotal role in connecting the startup to this national opportunity.
Saha noted that PRIME Meghalaya continues to empower young entrepreneurs in the state to innovate and scale their ventures.
“This achievement is a proud moment for us and for Meghalaya,” Saha stated.
“The guidance and support from PRIME Meghalaya and Digi-SAPNE 2.0 will further strengthen our mission to advance responsible waste management and circular economy solutions.”
The Demo Day reinforced the Government of India’s commitment through MeitY to build a robust startup ecosystem in the Northeast, catalyzing entrepreneurship-led economic development and sustainable employment generation across the region.
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