To empower innovators in the agricultural sector, FCMB has announced its Agritech Hackathon and Venture Building Program 2024. The program is aimed at offering innovators in the agricultural sector the opportunity to get grants, mentorship and access to the market through strong corporate partnerships. It is an initiative interested in accelerating growth in the agricultural sector by helping agritech companies to solve industry challenges.
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Part of the program is a hackathon where selected fellows gain support to generate ideas/solutions. A venture-building program will provide teams with funding, support, and mentorship to build and scale their products. The hackathon, implemented by Heave Ventures, is supported by the FMO.
The 2024 AgriTech Hackathon and Venture Building program also set out to identify and build early-stage companies across the African continent.
It will run in two phases for six months:
- Hackathon
- Venture Building
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Some of the features of the program include:
- Funding the future of agriculture
- Credit where credit is due
- Infrastructure innovation
- AgriTech for productivity
- Market access for smallholder farmers
- Empowering farmers through training
- Securing the food supply
- Scaling smallholder farms
- Agribusiness for economic growth
- Data management for smallholder farmers
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To be eligible for application:
- Your business must be in the early stages of development.
- You should have a team of workers with experience and skills relevant to building an agritech business. Experiences could be in agriculture, technology, marketing, or business development.
- The applicant must have a strong passion for agriculture and be interested in making a strong impact in the agricultural sector.
- You must be committed to the program.
- Your business must be legally registered.
The deadline for applications is September 5, 2024. Click HEREÂ to apply.
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