For the past 10 days, 10 judges went through 52 semi-finalist applications to determine which startups would be named finalists of Pitch AgriHack, a youth e-agriculture startup support program of the Technical Centre for Agricultural and Rural Cooperation (CTA). The judges composed of industry experts (ICT and Agriculture), entrepreneurs and investors.
The assessment criteria used were as follows: Proposed solution, Agricultural problem(s) addressed, Unique value proposition, Team composition and added value, Market addressed, Current market traction, Cost Structure, Channels/Paths to customers, Revenues stream, Planned milestones and Key performance Indicators.
The finalists selected are (alphabetic order):
a) Advanced platform category
- Afrosoft IT Solution, Uganda
- Aywajieune, Senegal
- Jangolo Farm, Cameroun
- ICT4DEV, Côte d’Ivoire
- Sooreul, Senegal
b) Early stage platform category
- AgriLead Social Business, Burkina Faso
- Agronomy plus, Kenya
- Agroplexi, Nigeria
- AgroCenta, Ghana
- Badili Innovations, Kenya
- Brastorne enterprises, Botswana
- CowTribe Africa, Ghana
- Daral Technologies, Senegal
- Ekas Business Services Limited, Zambia
- FarmAfriQué, Nigeria
- Farmers Pride, Kenya
- FarmIT, Kenya
- Ghalani Limited, Ghana
- Kuza, Kenya
- MOBFiT Ltd, Uganda
- Modeling Agri Systems (e-MAS), Bénin
- NaFarm Foods, Nigeria
- Sugar Town Wish List, St. Kitts and Nevis
- Ujuzikilimo, Kenya
- Woculus & Afrimash Investments Limited, Nigeria
The finalists will be invited to the training and pitching sessions in Nairobi, Kenya from 22 – 24 November, 2016 and will have the opportunity to pitch their solutions to development partners and potential investors. CTA and the African Development Bank (AfDB) will cover their attendance.
Ultimately, 4 best startups will be selected as winners. Winning teams will receive a cash prize of up to €15,000, as well as promotional support, additional capacity building and networking opportunities. They may also benefit from investments from supporters of Pitch AgriHack and private investors.
Pitch AgriHack aims at accelerating e-agriculture entrepreneurship for improved livelihoods and food security. It targets startups founded by young entrepreneurs aged between 18 and 35 years, from Africa, Caribbean and Pacific countries.
The programme is looking for impact investors and additional development partners interested in supporting and investing in innovations by young entrepreneurs.
From the 152 applications received (from 29 ACP countries), 52 semi-finalists from 16 countries were shortlisted. So far more than 20 judges have gone through the applications (two screening processes) to determine the 25 finalists.
CTA would like to thank all the judges and institutional partners (ProHaus Group, DevLab, mLab East Africa, Wennovation Hub, Bongo Hive, Outbox Hub, Woelab, Agritools, CTIC Dakar) who have contributed so far to the assessment process of startups.