“Pitch AgriHack has been fantastic. First of all, just being in Kigali has been an eye-opening experience. Specifically, the investment readiness workshop has been extremely useful for us. We take home a lot of lessons and we will be certainly using them to keep propelling us forward; we’ll definitely make better use of funding having gone through this training” –Varun Baker, CEO of Develop Digitally and winner of Pitch AgriHack 2018. Prior to the announcement of results, the start-ups pitched their solutions to AGRF participants and a panel of judges on 06 September, in a very lively, fascinating and entertaining day. Before the pitching day, the entrepreneurs had the opportunity to attend a pitching training session delivered by Impact Hub Kigali. They learnt useful tips on how to structure their pitches and were able to practice and receive feedback from mentors and peers. The 26 entrepreneurs highly valued the Pitch AgriHack experience as they had the opportunity to interact with other young entrepreneurs, network with potential investors and with high-level officials and agribusiness leaders.
14 judges went through 86 semi-finalist applications to determine start-ups which will be named finalists of Pitch AgriHack 2018, a youth e-agriculture start-up support program of the Technical Centre for Agricultural and Rural Cooperation (CTA). The judges were composed of industry experts (ICT and Agriculture), entrepreneurs and investors. Assessment criteria were the following: Proposed solution, the Agricultural problem(s) addressed, Unique value proposition, Team composition and added value, Market addressed, Current market traction, Cost structure, Channels/Paths to customers, Revenues stream, Planned milestones and Key performance indicators. Out of the 26 finalists, 14 were companies led by women founders or co-founders (53%). This is fully in line with the theme of this competition which is: “Women entrepreneurs innovate for agricultural transformation in Africa, the Caribbean and the Pacific”.
*Advanced stage category*
Pitch Agrihack is organised by CTA with the support of AfDB and in collaboration with AGRA. Other stakeholders partnering on the activity include the association Women In Tech Africa, the innovation support institution Suguba Africa and several incubation centres. Pitch AgriHack ambitions to help develop business services offered by young e-agriculture start-ups as well as contribute to the acceleration of the adoption of innovations for stronger productivity in the agri-food sector. More information on past editions and results here. Congratulations to finalists and thank you to all partners. This article has been produced partly using the content of the article written by Impact Hub Kigali about the competition.