The Technical Centre for Agricultural and Rural Cooperation ACP-EU (CTA) has announced 52 startups have been selected for the semifinals of the 2016 edition of Pitch AgriHack, a competition to reward entrepreneurs with agricultural solutions.
The competition targets entrepreneurs with agricultural solutions that needs business model improvements (Early stage platform) and those with solutions that are already generating revenues (Advanced platform).
The semifinalists were selected by a panel of 16 judges (from incubators and development partners) from 152 startups in 29 African, Caribbean and Pacific (ACP) countries based on criteria such as unique value proposition, current market traction and proposed solution.
The semifinalists will be further screened by a panel of judges that includes venture capitalists. 25 startups will be selected for the final stage of the competition.
These finalists will be invited to the Pitch AgriHack pitching session in Nairobi, Kenya from November 22 – 24, 2016 and will have the opportunity to attend training sessions, pitch their solutions to development partners and investors.
Ultimately, at least 4 of the finalists will be selected as winners of the competition, each receiving a cash prize of up to €15,000, as well as promotional support, additional capacity building and networking opportunities.
The startups may also benefit from investments from supporters of Pitch AgriHack.
The competition is organized in collaboration with the African Development Bank (AfDB) and supported by Centre for Agricultural Bioscience International (CABI), mLab East Africa, ProHaus Group and Devlabs.
Pitch AgriHack is an ambitious four year project that complements CTA’s activities on ICT for agriculture. These include AgriHack Talent initiative, Apps4Ag learning opportunities, and Plug and Play events.