Kenya’s Illuminum Greenhouses, Benin’s Fenou Packaging and Nigeria’s Farmignite were rewarded grants of between €5000 and €7500 in the early stage category while Ghana’s CowTribe Africa and Agro Innova and Nigeria’s Ankora Global Services and Togo’s CLIN SARLU (e-agribusines) received grants between €12000 and €15000 from the Pitch AgriHack 2018.
The early stage, those just launching and advanced stage, were judged on criteria including problem(s) addressed, unique value proposition, market addressed, current market traction and revenues.
A special prize offered by Suguba Africa to the best Francophone start-up led by a woman was awarded to Fenou Packaging, Benin.
According to Michael Hailu, Director, CTA: “These are entrepreneurs who have been inspired to make a difference – to help transform agriculture for future generations and to encourage young people to see the potential in farming and agribusiness. They are showing a pathway to enable the modernisation of agriculture. They are shining a light on the hope that will greatly improve rural lives and make agriculture attractive and profitable to youth who are too often migrating to cities in search of better opportunities.”
The theme for 2018’s competition was “Women entrepreneurs innovate for agricultural transformation in Africa, the Caribbean and the Pacific”. 26 start-ups, 14 of which are women led, from 9 countries were selected out of 325 young AgriTech start-ups that applied.
Since the launch of CTA’s AgriHack Talent Initiative, at least 1 million farmers and agricultural stakeholders have been reached by services provided through the use of applications developed in the process. Start-ups, mostly information and communications technologies (ICT) based innovations, have raised more than two million Euros from other investors and partners.
Pitch AgriHack 2018 is organised with the support of the African Development Bank (AfDB), Alliance for a Green Revolution in Africa (AGRA) and Suguba Africa. Other collaborators include Women in Tech Africa and Wennovation Hub.