The International Finance Corporation (IFC) has partnered with Nigerian digital logistics tech startup Kobo360, to open call for innovators worldwide to bring climate-smart, temperature controlled logistics (TCL) cooling solutions to Nigeria. The TechMerge temperature controlled logistics initiative is to help the most populous nation in Africa address its food waste challenges, support the health sector, and reduce energy consumption.
The program termed, TechMerge Temperature Controlled Logistics Nigeria promises to create market access and make available funding to the tune of $1 million to top innovators matched with leading Nigerian companies.
The match up will lead to a joint pilot of sustainable solutions that reduce losses in cold chains, strengthen access to TCL- dependent products and markets, and build commercial partnerships.
The TechEmerge Temperature Controlled Logistics Nigeria program is being undertaken by IFC with the UK Department for Business, Energy & Industrial Strategy (BEIS) and Kobo360.
Generally, it is known that temperature controlled logistics is essential for economic development, human health, and food security. It further delivers perishable goods to shops and shipping ports and keeps medicines and vaccines from deteriorating since they are transported to clinics, pharmacies, and hospitals.
According to William Sonneborn, the Senior Director of Disruptive Technologies and Funds of IFC, positively expressed that,
”Sustainable cooling technologies represent a fast-growing business opportunity with particular importance to emerging markets. We are excited to support cutting-edge entrepreneurs to pilot and scale their temperature-controlled logistics solutions in Nigeria, and Africa more broadly.”
Ike Abiakam, added that
“Africa’s cold chain capacity faces a lack of investment in equipment for maintaining a specific temperature range throughout the supply chain. We’ve seen a gap in the market for shipping solutions, specifically concerning moving deep-frozen, cold and ambient goods in a safe and temperature-controlled environment.”
The Founding Partner and Head of KoboCare, continued, saying,
“Temperature-controlled shipping is constantly evolving and our partnership with the IFC is a key step towards discovering the best innovations that will enable the efficient transport of chilled goods.”
A Male and A Female Entrepreneur to Win US$50K Each in the GoGettaz Agripreneur Prize. APPLY!!!
Applications are open for the GoGettaz Agripreneur Prize 2021 aimed at finding the brightest young agri-food entrepreneurs on the African continent. This is a search for agribusinesses that are bringing tech, innovation and passion to the agriculture and food space.
The Gogettaz Agripreneur Prize is organized by Generation Africa, a partnership between Econet and Yara International to strengthen the ecosystem for youth entrepreneurs in the agri-food sector across the continent.
The prize is looking for agribusinesses that show the following features;
- Environmental sustainability
- Social and commercial impact
- Originality and innovation
- Market potential and traction
- An investible team
Who Qualifies to apply?
- Be 35 years and below
- Hold nationality (with an official ID) from any African Union member country
- Be a founding member of the startup and play an active role in its operation
- Have no criminal record
The submitted company shall meet the following terms,
- The business should be legally registered in any AU member country and also headquartered on the continent
- It is built to be financially sustainable either as for-profit or non-profit generating revenue and not solely dependent on donor funding
- The venture currently plays a role in the agri-food sector and/or supports the development of the agri-food sector through an innovation or process improvement
- The agri-food sector may be defined as businesses including:
- Agri-food research & development
- Primary food production (farming)
- Crop nutrition
- Mechanisation, automation or robotics, including drones
- Crop protection
- Hydroponics or urban farming
- Transport, distribution, storage or logistics
- Food processing
- Packaging or marketing
- Food retail or service
- Waste management or recycling
- Digital or technology solutions/services to the agri-food sector
- Innovative finance solutions/services to the agri-food sector
- Renewable energy or environmental solutions/services to the agri-food sector
After a thorough review of applications by expert jury, semi-finalists will receive notification via Facebook and email by the 17th of July 2021 where they will each be interviewed and asked for further information.
By the 27th of July, the finalists will be announced with six (6) males and six (6) females to compete in the final virtual pitching contest at the Africa Green Revolution Forum (AGRF) virtual meeting 2021.
The Grand Prize
Two successful entrepreneurs; male and female, will each receive $50,000 for being the most innovative and scalable agric business idea. All GoGettaz finalists will also be awarded mentorship, programming linkages and other guidance to continue their entrepreneurial journey. APPLY HERE
Deadline for applications
The GoGettaz Agripreneur Prize welcomes applications till the 14th of June, 2021.
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