Agritech innovation fund worth $50 000 open for applications

FarmCrew has created an innovation fund that awards 10 African founded agritech startups an opportunity to receive a $50 000 investment fund. 

This fund provides entrepreneurs in the sector an opportunity to grow and sustain their business. 

 Applications for the FarmCrew Innovation Fund closes on 31 October 2020

FarmCrew Innovation Fund (FCIF) was created to support agritech startups by funding ideas and innovative solutions that improve agriculture in Nigeria and Africa.

 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.

Requirements

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. 

Read more: How agritech can save SA’s smallholder farmers [Sponsored]
Read more: Five agritech startups that aim to take Africa into greener pastures

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