7 July 2017. The World Bank and venture capital firm Nest have announced a call for applications for the AgriTech Challenge 2017 in Kenya.
The initiative is the first open innovation program of its kind in Kenya, and it is aimed at connecting promising startups and innovators with one of the region’s leading agribusiness corporates. The AgriTech Challenge, which is sponsored by the World Bank, aims to spur collaborative innovation within the agricultural sector in Kenya. It forms part of a program to test open innovation mechanisms in the country for a potential future scale up by the government of Kenya, according to KenyaNews.
Starting in August this year, high-calibre teams of innovators and entrepreneurs will work closely with agribusiness industry veterans to conceptualise and co-develop solutions around some of the most pressing challenges in the local value chains. As one of the largest contributors to Kenya’s economy, there is tremendous opportunity to drive value creation and create a sustainable impact through agribusiness innovation.
The World Bank AgriTech Challenge aims to collaboratively prototype solutions that drive productivity, accountability and operational insight in the agribusiness value chain, according to Nest.
- * Note: The programme is open only to Kenya-based teams
- Applications close July 25, 2017. Applications will be reviewed on a rolling basis, so the sooner you submit the better!