Software Deadline: February sixteenth, 2022.

The Africa AgTech & Inclusive Insurance coverage Problem goals to rejoice and assist younger entrepreneurs who’re working on the intersection of agriculture, insurance coverage, local weather, and gender to construct resilience for smallholder farmers. Companies ought to have an present insurance coverage product for rural farmers, or be working in the direction of introducing an insurance coverage product as a further services or products providing. The Africa AgTech & Resilience Problem will assist 5 finalists with one-on-one assist to refine their enterprise fashions, funding collaterals, and put together for publicity to the funding neighborhood. Three winners will probably be awarded money prizes to scale, refine, or launch modern insurance coverage merchandise.

Necessities:

• Know-how-led enterprises in sub-Saharan Africa who’re providing options to the challenges confronted within the growth of agriculture resilience.
• In case you are engaged on expertise options that may assist the event of agriculture insurance coverage and index insurance coverage, this problem is for you!
• Even in case you have not but centered on making use of your innovation to facilitating uptake of insurance coverage for the agriculture sector, however see a possibility of tailoring your answer to take action, you need to apply.

AGE

Enterprise homeowners should be below 30 years of age

GEOGRAPHIC FOCUS

Companies should be operational in sub-Saharan Africa

BUSINESS MODEL

Candidates will need to have a registered, for-profit enterprise and producing revenues

IMPACT

Run a high-impact enterprise that caters to rural communities, youth, and/or girls

SECTOR

Working in a number of of the next sectors: AgInsurance, AgTech, FinTech, Gender & Inclusion

SCALE

Have a transparent for-profit enterprise mannequin with excessive potential for scale

TEAM

Have an skilled and devoted promoter crew

INVESTMENT

Are on the lookout for funding within the vary of USD $10,000 – $1,000,000

Advantages

1) Win a Money Prize to scale or launch an insurance coverage product

• 1^st Place wins $25,000
• 2^nd Place wins $15,000
• 3^rd Place wins $10,000

2) Obtain one-on-one funding readiness assist to enhance the pitch and funding ask, in addition to refine funding collateral

3) Advisory companies from IFC insurance coverage technical specialists

4) Pitch to an eminent Grand Jury and get suggestions to

5) Share your enterprise mannequin with world buyers

6) Attend the Sankalp Africa Summit 2022 (on-line and in-person) in Nairobi, the place you’ll be able to meet a worldwide community of buyers, donors, and entrepreneur assist group

7) Leverage devoted exhibition house for your enterprise to realize visibility and generate leads

For Extra Info:

Go to the Official Webpage of the Africa AgTech & Inclusive Insurance coverage Problem 2022