Angel Adelaja, CEO/Founder of Fresh Direct Produce and Agro-Allied Services, an agricultural production and processing company, has raised US$1,700 through public votes in The Venture, a competition to search the most promising startups around the globe.
The public voting system was used to decide how US$250,000 of the US$1 million prize money of the competition will be distributed amongst the finalists.
At the end of the voting period on June 13, 2016, over 200,000 votes were cast with Angel Adelaja raising a total sum of about US$1,700.
Jaco Gerrits, CEO of SA startup, CrashDetech raised about US$1,300 while Felisberto Capamba, co-founder of Angolan startup Habitec, raised about US$2,740.
Now that the voting period has ended, an Accelerator Week, where all the finalists will sharpen their business skills through a variety of intensive business master-classes at world leading businesses, will take place.
Thereafter, the finalists will pitch at the global finals to an expert judging panel for a share of the remaining US$750,000.
Angel Adelaja is hoping to raise more funds to trademark and patent her startup’s brand and technology, which includes two greenhouses, four hydroponic systems and two container farms.
Also, the startup will use the fund to scale up to 50 containers in the Lagos Container Farm, 50 Containers in the Abuja Container farm, and 15 additional greenhouses in our Farm Headquarters in Osun.
The Venture funding would also help the startup scale up employment, production and its distribution network.
At the inaugural The Venture competition held in San Francisco last year, South Africa’s Lumkani, which designed an innovative tech-driven fire detector, won US$75,000. It received a total venture funding of US$81,581.
The competition is organized by Chivas Brothers (part of Pernod Ricard), makers of Chivas Regal, a blended scotch whiskey.