Garnet Enterprises, Daluc Poultry, Farm Lease, Kiara Agro and Lamaco Engineering have recieved $5,000 each in funding from the Growth Hub after a successful 16 week incubation program to develop a prototype, pilot and launch their innovation in the market.
The five funded by the Growth Hub; a Nairobi based high impact business accelerator, were among the 13 great agribusiness start-ups that were accepted to join the incubator in February from a pool of 321 applicants. The thirteen had the highest potential to create the most employment and income generating opportunities for youths and small holder farmers respectively.
“We are excited about our most recent graduates because they are well equipped and capable of achieving great milestones in 2014 whilst scaling their impact” Patricia Jumi the MD at The Growth Hub.
It wasn’t just the funding, Growth Hub says the most valuable part of participating in the program was the one-on- one sessions with the Growth Africa team of experienced facilitators, their discovery tool Impact Compass, successful mentors, their peers in the cohort as well as great speakers and experts.
Growth Hub provides entrepreneurs and early stage start-ups with the very resources they require to grow their ventures into strong commercial businesses and social enterprises such as mentorship, business network, systems, processes and technology plus access to investors and funders. The acelerator also grows and accelerates high-impact,high-growth businesses that innovatively contribute to Africa’s social and economic progress in clean- and green-tech, mobile and IT, Agribusiness, financial inclusion and essential services such as health, education, water & sanitation.
The Growth Hub has 30 mentors, has raised $ 4.0M in investments & grants and has seen 56 start-ups and 110 entrepreneurs through its programmes.
The startups’ details are as below;
Daluc is a poultry hatchery, breeding, feed mill and chick processing farm specializing in Kienyeji chicken, working with many small holder chicken rearing farmers. Although the Kienyeji chicken takes a bit longer to mature, they are cheaper to feed, fetch better market prices and are quite disease resistant thus suitable for rearing in East Africa.
The Team: Lucy Muiruri and Daniel Muiruri
Land is a primary asset for development as it support the livelihoods of most rural people, infact 750 million people are directly dependent on agriculture for their livelihood and survival.
Farm lease mobilizes idle arable land for agricultural production and leases it out to small holder farmers to ensure more land is put to effective agricultural use.By doing this Farm lease will put more arable land into production thus boosting food security in the country.
Key Team: Paul Njuguna, Elijah Mwathi and Collins Muriuki.
Kiara Agro manufactures cassava flour & starch and plans to venture into production of glucose syrup and alcohol from the cassava starch. The company sources cassava from the farmers in Ukambani, gives them better prices for their produce and income generating opportunities thus boosting production of drought resistant crops.
Kiara Agro is a family led start-up with Pinal Patel, Sneha Patel and Suresh Patel.
Founded a local inventor and creator; Lamaco makes machines for use in sisal fiber processing and also provides farm-gate processing for value addition before sisal leaves the farm to the market. By mobilizing sisal farmers to meet the demand, Lamaco helps them meet the export market quality requirements, access markets and fetch better prices for their sisal.
The team consists of Lawrence Matolo, Geoffrey Thoka and Patrick Mutinda Charles.
Immediately after a bumper harvest farmers sell their produce at very low prices due to lack of income, low market demand and proper storage facilities.
This is the problem that Garnet enterprises are solving by getting involved in post-harvest management in arid and semi-arid areas. Garnet currently mobilizes farmers, gives them proper storage for their grain, and helps them market their produce locally and abroad.
Team: Linda Kithuku, Managing Director, Gerald Aluoch, Finance Director and Festus Ouko,