Agritech startups in Africa are invited to apply to FarmCrew’s innovation fund which plans to award 10 African founded agritech startups to the tune of $50,000. FarmCrew Innovation Fund (FCIF) was created to support agritech startups by funding ideas and innovative solutions that improve agriculture in Nigeria and Africa.
Here Is What You Need To Know
- FCIF aims to connect entrepreneurs to related agritech networks and create opportunities for investment.
- FarmCrew is in search of agritech startups with cutting-edge innovative(this word was used several times, try to source synonyms for innovative) ideas and solutions to positively impact the agriculture industry in Africa. After evaluating the concept, technology, scale-up, strength, and potential investment in the business, 10 successful agritech startups will be awarded a $50 000 investment fund and mentorship.
Application process
- Complete online application form
- If accepted, applicants will receive an email detailing the defense of their startup’s solution and the format of a pitch document and proposal.
- If selected to move forward to the next step, applicants will undergo an interview, where they will pitch their concept and proposal.
- Experts in finance, technology, and agriculture will assess solutions with FarmCrew and choose 10 agritech startups to receive mentorship.
- FarmCrew will provide effective resources, access to mentors, and training sessions for successful startups.
- $50 000 will be invested in all selected 10 AgricTech startups.
Read also: The Power & Electricity World Africa 2020
What Are Expected Of Startups?
- FarmCrew is inviting innovative entrepreneurs in the agritech startup scene to apply for FCIF if their aim is resource-friendly and sustainable agriculture.
- If an agritech startup has software, hardware, fintech, or general agribusiness solution, you will be considered for the FCIF.
- Agritech startups applying must specify which agriculture sector they are interested in, such as; farming, livestock, aquaculture, or agro-forestry.
- In addition, applicants must share what area of business solutions the startup will focus on in terms of production, storage, processing, or transportation, aggregator, pre/post-market, or upstream and downstream.
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