• Sat. Feb 4th, 2023

Agrifoodtech Startup? Apply to receive $100k, others in AgFunder GROW Impact Accelerator

ByJoan Aimuengheuwa

Jan 12, 2023
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Westgate
Read Time:1 Minute, 17 Second

Applications for the fourth edition cohort of AgFunder GROW Impact Accelerator are ongoing for Agrifoodtech startups working to build a more sustainable and reliable agrifood ecosystem.

Organized by US-based VC firm AgFunder and Singapore-based ecosystem builder GROW, the accelerator programme has successfully produced 29 graduate companies from 16 countries including Nigeria since its launch in 2019. Collectively, these startups have raised more than $60 million.

Areas of interest for the 2023 AgFunder GROW Impact Accelerator include, but not limited to the following:

  • Food as medicine (e.g., functional foods/extended lifespan) 
  • Automation and robotics
  • Waste reduction and circular economies 
  • Agrifintech and marketplaces 
  • Synthetic biotech and precision nutrition
  • Decarbonization solutions

Benefits

Startups who participate in the AgFunder GROW Impact Accelerator stand the chance to receive resources needed to scale rapidly. They will also reduce an upfront $100,000 cash investment from AgFunder in the form of a SAFE (simple agreement for future equity).

Participants will gain connections to the AgFunder and GROW networks, and work with strategic investors such as Meiji Holdings, Asahi and a number of agrifood corporations.  

Eligibility 

To be eligible for the programme, the following criteria must be met:

  • Applicants should have an established market fit as well as a proven minimum viable product; they should be operating in at least one market
  • Additionally, they should also be able to demonstrate a scalable business model that can deliver positive, tangible environmental and/or social impacts

How to apply

Having met the above criteria, apply before the deadline on Sunday, February 26, 2023.

AIT
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Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

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