The Africa-Korea Agtech Innovation Challenge is being launched by the World Bank in collaboration with Plug and Play Tech Center, the Korea World Bank Partnership Facility (KWPF), the Korean Green Growth Trust Fund (KGGTF), and the Korea World Bank to identify disruptive agricultural technologies (DATs) interested in operating in Kenya and Uganda. The World Bank is looking into the possibility of integrating DATs into its activities and building connections among innovators. (Agtech Innovation Challenge and Summit for African Innovators)
Submission deadline is November 30, 2022.
The online application procedure, which finishes on November 30, 2022, will provide fifteen finalists. At the Africa-Korea Agtech Innovation Summit in Nairobi, Kenya, in February 2023, the finalists will present their products. Key government representatives from Kenya, Uganda, and South Korea, as well as representatives from the World Bank and well-known accelerators and venture capital firms, will view the finalists during the three-day Summit (VCs). The Challenge will offer networking possibilities, as well as educational opportunities and field tours to some of Kenya’s agri-innovation locations. The winning approaches can also get a chance to join Kenya’s One Million Farmers Platform.
1. Increasing agricultural output and effectiveness
2. Providing downstream and upstream linkages and expanding market access
3. Farmers’ financial inclusion
The following requirements for eligibility must be met by applicants:
be duly incorporated in the nation or countries where you operate before 30 November 2020 (and have been doing so for more than two years)
Particular interest in working in South Korea, Kenya, or Uganda
Must have a publicly accessible product that has paying customers or users.
One of the three challenge themes must be addressed by the product. agricultural production, expanding market access, or creatively incorporating farmers’ finances
The best 15 entries (the “Finalists”) will be compensated for their travel and lodging costs to the “Africa-Korea Agtech Innovation Summit” in Nairobi, Kenya, in February 2023.
The best solution might be given the chance to join Kenya’s One Million Farmers Platform.
Finalists have the chance to network with important members of the global ecosystem, such as the Kenyan government, World Bank stakeholders, well-known accelerators, and venture capital firms (VCs)
Opportunities for education and excursions to some of Kenya’s agri-innovation locations
exposure to the media and appearances in World Bank media
Application deadline is November 30, 2022. (by midnight Kenya Standard Time)
Complete the online application form by submitting the requested documents in the format indicated.
Announcements of Finalists (indicative): 12th December 2022 Submissions must be in English
Finalists will be accepted on December 15, 2022.
Final Presentation: February 2023 (during the Africa-Korea Agtech Innovation Summit).
For Additional Information about Agtech Innovation Challenge and Summit for African Innovators in Africa, Africa-Korea 2023
Agtech Innovation Challenge and Summit for African Innovators, Africa-Korea 2023 – African Opportunities