Nigerian startup Farmcrowdy is in the news again and this time, they’ve released a mobile app. After a year in operation, Nigeria’s first digital agriculture platform has released a new service to better engage it’s customers and patrons alike. Farmcrowdy has fast become a leading figure on the African startup scene with it’s revolutionary approach to agriculture, a sector that is largely going unexplored by most companies.
Nigeria’s agricultural sector is one that has suffered a lot of damage because of the various incidents of social unrest and the oil industry. However with food security fast becoming a pressing issue on the agenda for most African countries, Farmcrowdy is blazing a path through otherwise uncharted waters.
What exactly is Farmcrowdy?
In case you’re still wondering at this point, Farmcrowdy is an agric-tech platform that allows you to invest in agriculture. This they achieve by allowing you to select farms you wish to sponsor. The fund you invest is used to purchase the land, engage the farmer, insure the farmer and farm produce, and seed planting also. After the planting cycle is over, the produce is sold and you get a return on your investment. You can expect to see returns after harvest of 6-25% between a 3-9 month period, depending on what farm type you select. During the farming cycle, you’re also kept in the loop with updates in the form of pictures, text and videos. You even get to choose the type of farm you wish to sponsor. Seems like a rather straightforward process huh??
You can also be rest assured knowing that the money you invest is insured to make sure that you do not incur losses.
In the short period of its existence, the impact has been immense, having worked with close to 2000 small scale farmers in Nigeria, 1000 unique sponsors and about 4000 acres of farmland.
The launch of the app is intended to allow for more engagement and participation by Nigeria’s growing middle class. What this means is that information will be more readily available to sponsors on the go. According to CEO and co-founder, Onyeka Akumah;
“We have launched the Farmcrowdy app to provide an accessible, real-time platform for people on the go, who do not want to miss out on empowering their own communities… Nigeria is a mobile-first society and we had feedback from our sponsors who said they wanted improved access to our farms. They spoke, we listened, and we have now built a platform that suits Nigerians’ preferred means of doing business. – a mobile app. “
It also doesn’t hurt that the app is itself clean and easy to use as well. The app is currently available on the Google playstore with Apple and Microsoft soon to follow suit.
However you look at it, this is ultimately good news for a whole lot of people. The launch of the app has the added benefit of attracting more sponsors. More sponsors mean more investment into the local agricultural industry in Nigeria and more farmers can be brought on board. This investment also ultimately leads to greater productivity and with it greater food security. And once again, there’s a certain attraction to being able to help one’s own self and another person with the bonus of earning a few extra notes on the way.
Just as the ad claims, it is indeed quite literally carrying a farm in your pocket.
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9 Startups Accepted into the First Next Health Accelerator with $15K Seed Funding
Intrepid Entrepreneurs, a non-profit designed to catalyze the power and promise of young people and women to fundamentally advance their societies, recruited nine startups for the inaugural cohort of the Next Health Accelerator.
Female, African entrepreneurs with a minimum viable product (MVP) from 26 countries applied to the program. After a rigorous review process, nine startups from seven countries were selected to begin the program in March 2021. The investor readiness accelerator is six months long and includes $15,000 seed funding, international mentors and partners, business support services, and value chain access.
The Next Health Accelerator’s focus on sexual and reproductive health is founded on the premise that unmet needs for sexual education, menstrual hygiene management, family planning, medication abortion, and STI diagnosis and treatment will be most sustainably delivered by local African enterprises.
Sexual and Reproductive Health issues directly affect 300 million women and girls on the continent and the productivity of the entire continent. For the continent to prosper and support its burgeoning youth population, it must harness the demographic dividend with access to equitable healthcare and economic opportunities. Next Health Accelerator addresses both.
The 2021 cohort includes:
- Rocket Health: Provides telemedicine and pharmacy services for SRH needs including convenient lab test retrieval and medication delivery in Uganda
- Verifie: Delivers STI self-tests and treatment products via doorstep delivery in Ghana
- Pharmaserve: Specializes in delivering high-quality pharmaceuticals in Nigeria through a fully integrated inventory monitoring system
- Girls Pride: Provides menstrual hygiene management education and skills training to create reusable pads in The Gambia
- Pad-Up Creations: Employs over 100 people in Nigeria to produce single-use, chemical-free pads sold in 16 countries
- Valorigo: Manufacturers single-use sanitary eco-friendly pads made from locally grown bamboo in the Congo
- The Grace Cup: Delivers SRH education and reusable menstrual cups in Kenya
- Kosmotive: Provides SRH information and access to SRH self-care products in Rwanda
- Massira: Delivers SRH information interactively as well as access to SRH services and products through an online community in Ghana
Lindsey Simmonds, the Co-founder of Intrepid Entrepreneurs in a press statement said,
She continued that, development policies made in Washington, D.C. or London need to make room for the power and promise of the youth and women on the African continent. And on this premises, their Next Health Accelerator catalyzes African startups to investor readiness to make scalable, sustainable impact imbued with the commitment and determination that only comes from homegrown ideas.
Visit the intrepidentrepreneurs.org to learn more about the Next Health Accelerator 2021.
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