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In Brief: Applications Open for the US$297,000 GSMA Fund Targeting AgriTech Solutions

GSMA Innovation Fund - Founder360

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In Brief: Applications Open for the US$297,000 GSMA Fund Targeting AgriTech Solutions

AgriTech Startups in Africa have been invited to apply for the GSMA Innovation Fund for Digitisation of Agricultural Value Chains which aims to scale digital solutions for the agricultural last mile and improve smallholders’ financial inclusion, livelihood and climate resilience.

Up to eight grants of US$297,000 (£220,000) each are being made available to support solutions that will last up to 24 months duration.  In addition, the GSMA will provide in-kind support and consultancy to assist the development of business plans, and service implementation through market research, user-centric design, business intelligence, user-testing with agribusiness staff and smallholders.

The Fund prioritises enterprise services targeted at organisations (e.g. agribusiness, cooperatives, etc.) procuring from smallholders with the focus on those living on less than US$2 per day.

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Grants are available across two categories of application:

Mobile Money-Driven Category: Open to mobile money providers in partnership with AgriTech vendors who are developing, implementing, launching and or scaling enterprise services which digitise the agricultural last mile procurement and communication with smallholders.

Data Driven Category: Open to AgriTech organization who have already scaled the last mile agriculture digitisation service and established a model for generating digital farmer records and explored linking farmer records with financial service providers.

Interested startups can apply here and submit their applications before 31st July 2019.

Image Credits: GSMA

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