The Africa AgTech and Inclusive Insurance Challenge aim to celebrate and support young entrepreneurs who are working at the intersection of agriculture, insurance, climate, and gender to build resilience for smallholder farmers.

Benefits

1.  Win a Cash Prize to scale or launch an insurance product
   • 1^st Place wins $25,000
   • 2^nd Place wins $15,000
   • 3^rd Place wins $10,000
2. Receive one-on-one investment readiness support to improve the pitch and investment ask, as well as refine investment collateral
3. Advisory services from IFC insurance technical specialists
4. Pitch to an eminent Grand Jury and get feedback to
5.  Share your business model with global investors
6. Attend the Sankalp Africa Summit 2022 (online and in-person) in Nairobi, where you can meet a global network of investors, donors, and entrepreneur support organization
7. Leverage dedicated exhibition space for your business to gain visibility and generate leads

Also check out: Keystone Startup Advantage || Incubator Program for Startups

Eligibility

1. Business owners must be under 30 years of age
2. Businesses must be operational in sub-Saharan Africa
3. Applicants must have a registered, for-profit business and generate revenues
4. Run a high-impact business that caters to rural communities, youth, and/or women
5. Operating in one or more of the following sectors: AgInsurance, AgTech, FinTech, Gender & Inclusion
6. Have a clear for-profit business model with high potential for scale
7. Have an experienced and dedicated promoter team
8. Are looking for funding in the range of USD $10,000 – $1,000,000

Thematic Areas

Data and Analytics

Enterprises that are innovating with the latest generation technology by:

• Improving data collection regarding crop yield and weather, and/or helping to forecast
• Using latest generation remote-sensing and imagery solutions to collect data on crops or livestock
• Leveraging machine learning, AI, or blockchain to improve efficiencies

You might also like: Tech For Black Founder Companies || Social Impact Program

Agriculture Productivity

Enterprises that increase the resilience of smallholder farmers through:

• Offering agronomy support
• Providing climate-smart advisory services
• Connect peer to peer learning through chat-bots or platforms
• Reduce losses through pest control solutions
• Assist in the management of livestock or crops through early warning detection systems

Financial Inclusion for Ag

• Enterprises that are empowering smallholder farmers through access to finance through:
• Offering loan underwriting services
• Providing credit offerings or asset-based financing services
• Offering insurance products
• Using technology to score credit-worthiness
• Offering peer to peer lending services or crowdfunding services

Apply here

Visit the official website for more information!