The UN Capital Development Fund (UNCDF), in partnership with Atal Innovation Mission, NITI Aayog (Govt. of India); Bill & Melinda Gates Foundation; Rabo Foundation; International Fund for Agricultural Development (IFAD); and Bayer, is launching an innovation platform to enable cross-border exchange of innovations, insights and investments.
The first initiative of the Platform is the Agritech Challenge (‘Programme’), with a focus on improving financial health of smallholder farmers. The Programme will support agritech and agri-fintech startups to expand to international markets, across Kenya, Malawi, Uganda & Zambia in Africa, and Malaysia, India & Indonesia in Asia.
The selected participants will get access to industry, investor & market linkages, along with mentorship from sector experts to help them build and test their solution in their chosen international market, with subsequent support on scaling the solution as well.
Applications are invited from participants that meet the following eligibility criteria:
A start-up registered in any of the participating countries, with at least 2 years of operations
At least: USD 150,000 average annual revenue in the last 2 years OR USD 100,000 average annual revenue in the last 3 years
Live solution with an active customer and/or user base, and not in development/testing phase. Post-program support to scale up the solution
Opportunity to be considered for a financial grant
The applicant must address at least one of the following three identified challenge areas in their chosen international market.
Access to new technology & innovation
Resilience against climate change and natural hazards
Reduce wastage and build transparent pricing
All eligible applicants will be evaluated against the following criteria:
Commercial scalability potential, P&L and international market readiness