The 2024 edition of the AgriTech4Egypt Innovation Challenge has called for applications from tech-prenuers and purpose-driven scientists working on agri-tech solutions for a more sustainable, efficient, and climate-resilient agricultural system in Egypt.
A notice on the website of the organizers of the programme on Tuesday said the programme is designed to give participants an edge in validating and deploying agri-tech venture in Egypt
“We are looking for purpose-driven scientists and entrepreneurs working on agri-tech solutions for a more sustainable, efficient, and climate-resilient agricultural system in Egypt,” the notice said.
It added that the AgriTech4Egypt Innovation Challenge is designed specifically for early-stage agri-tech ventures in the north African country with a “minimum viable product (MVP) or proof of concept (POC), and plans to support and prepare them to build a solid go-to-market strategy through technical validation and access to the market.”
“We are looking for agri-tech innovations in priority areas such as digital agriculture and precision farming, agri-finance solutions, sustainable value chain development, capacity building tools, and efficient irrigation water management,” it said.
“Selected ventures will receive the tools and step-by-step support to build the foundations of an agri-tech venture for scalable growth in Egypt, benefitting from a fully funded, four-day immersive bootcamp, connecting with a network of partners and agribusinesses, accessing expert guidance from CGIAR scientists and industry experts, plus a sponsored six-month acceleration programme.
“They will also be able to test and validate their solution on the ground with end-users for up to six months, receive up to EGP300,000 (US$6,500) as an equity-free grant provided by ASRT, and gain exposure to investors and market opportunities.
“Applications are open until April 21, with the accelerator programme taking place between June and October, and a demo day set for November,” it added.