Fast Forward Venture Studio Grant for Livestock Startups 2024 (up to $100K)

Africa-focused fund will incubate commercially sustainable livestock startups through its venture studio model. Fast Forward will support a cohort of startups building technology products for Nigeria’s livestock and allied industries. As part of its ambitious program, Fast Forward Venture is set to identify and support up to 10 innovative livestock-tech ventures, providing a unique combination of financial capital and extensive company-building assistance designed to empower startups in the livestock sector. This comprehensive support package includes essential services such as app development to help create user-friendly platforms, growth marketing strategies to enhance visibility and drive customer engagement, and public relations efforts to build brand awareness and communicate value propositions effectively. Fast Forward will also focus on strategic planning, collaborating closely with founders to develop business strategies aligned with market trends, while emphasizing operational optimization to streamline processes and improve efficiencies. A critical goal of the program is to help these ventures achieve solid unit economics, with an ambitious target of reaching a minimum monthly recurring revenue (MRR) of $20,000 within six months. Through this robust support structure, Fast Forward aims to foster innovation and drive meaningful impact in the livestock industry, ultimately contributing to the advancement of technology in agriculture and enabling these startups to unlock their full potential.

Benefits of Fast Forward Venture

• Fast Forward will invest up to $100K in at least three companies that achieve those milestones within the timeframe. In addition, the US and Africa based venture studio will introduce those startups to other (local and regional) investors and global customers through its network.

Check : Harry Frank Guggenheim Emerging Scholar Awards (Fully Funded)

Eligibility for Fast Forward Venture

• Open to ventures with a tech focus across the entire livestock value chain—inputs, feeding, storage, genetics, breeding, vaccines, aquaculture, and more.
• More specific categories include the following:
  • Vaccines and R&D
  • Engineering and Processing
  • Health and Monitoring
  • Farm Management
  • Data and Analytics
  • Predictive Technologies
  • Financing
  • Business and Education
• Applicants should be based in Nigeria.

Also Check : WSA Young Innovators Award 2024

Application

Interested ventures can complete this form to submit an application. Startups are encouraged to have at least one co-founder, though Fast Forward will consider single-founder companies.