Read more about Business
There are various successful AgroTechs in Nigeria. They include FarmCrowdy, ThriveAgric, Groupfarma, Farm Kart, etc. In this article, I discuss five surefire ways to grow your agro-tech into a successful startup.
Make Agro-businesses Investible
Sign up for the Connect Nigeria daily newsletter
Aside from seeing an investible business from the prism of money and finance, experts have stated that an investible business includes environmental, social, and governance practices (ESG) as well as diversity, equity and inclusion (DEI). There are four ways to make agro-businesses investible: i.) build AgroTechs on transparency; ii.) build a strong team around your startup, which helps the agro-businesses and farmers reach peak performances; iii.) have high-profile relationships and quality advisory board within your business space; and iv.) create accessibility products that guarantee recurring profits.
Connect Agro-farmers To Agro-Industries
Incorporate FinTech In The Process
Register to attend the Connect Nigeria Business Mixer
Incorporating FinTech in Agro-Tech can yield more productivity for farmers and stakeholders. There are a lot of ways FinTech can help farmers. For example, farmers can access loans and credits by FinTech services. The FinTech service has been described as flexible compared to traditional banks. Another service FinTech can offer is savings and investments, which can be beneficial to both farmers and stakeholders. Furthermore, FinTech can help farmers in the area of insurance, especially when farming is known to have high-risk capabilities. Therefore, you can incorporate FinTech services into your Agro-Tech platforms where transaction and monitoring can be done.
Provide Protective Measures For Farmers
Final WordsGrowing a successful AgroTech startup requires implementing the right strategies that make agro-businesses profitable. The first step is to empower stakeholders, connect farmers to investors, vice versa, and as well connecting farmers with a larger market. Also, providing FinTech services on your platform can increase farmers’ performance in the area of finance. Finally, putting in place early-warning systems that protect stakeholder farmers will go a long way in building trust and as well create more profitability. Featured Image Source: Ventureburn
Got a suggestion? Contact us: email@example.com
You might also like:
- How to Start a Recycling Business in Nigeria
- How Ruubby’s Joseph Ezekwem Is Solving Credit Scoring Problems for Nigerians
- Gifty Introduces Platform for Building Digital Stores
- Flutterwave Cleared of Fraud Accusations