AgroXchange, a Nigerian Agro-tech start-up that is reshaping the agricultural sector, was recently announced as the runner-up in this year’s African Earth Observation Challenge, which was held in Kenya.
Since 2016, the Africa Earth Observation (AEO) Challenge has been an annual open innovation competition aimed at highlighting and creating awareness on African space-tech entrepreneurs who are developing innovative solutions centered on earth observation data.
This challenge aims to stimulate entrepreneurship in the African space industry and promote awareness of the significance of earth observation data across the continent and in a variety of sectors such as water and food security, mining, logistics, insurance, and many more. According to the challenge, earth observation can be defined as the gathering of information about the physical, chemical and biological systems of the planet via remote-sensing technologies.
Founded in 2018 by Adewale Adegoke, AgroXchange is a digital agro-tech company that leverages satellite data, data analytics, and artificial intelligence (AI) to enhance Africa’s agro-industry by providing small farmers with localized agritech services. The agro-tech startup provides a variety of services to their users, including useful information about soil conditions and crop viability; a GPS digital map of their farm perimeter; crop health information; a 14-day weather forecast and access to 5-year historical weather; and weekly email and text message notification alerts of farm issues.
The process of the challenge was as follows: African innovators and entrepreneurs were invited to submit novel business ideas, and finalists were then selected to participate in a 2-week business development support program to take their companies to the next level. The Pitching Den followed, where participants pitched to a panel of judges and other industry professionals. During the Tech Demo day, selected entrepreneurs pitched for investment to a panel of VCs. The winners received cash awards, incubation and mentorship, media publicity, and technical support.
Kizito Odhiambo of AgriBORA in Kenya won first place, Adewale Adegoke of AgroXchange in Nigeria took second place, and Lancelot Nyachoto of Kombuta in South Africa took third place.
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