African Excellence in all of its glory and form. Francis Obirikorang and his forward-thinking team at Agrocenta, an agritech startup, have won a $500,000 investment for coming first the world at the just ended 2018 Seedstars Global competition in Lausanne, Switzerland.
Seedstars Global competition is a startup competition covering more than 65 emerging and developing markets. This competition identifies the best seed-stage startups for investment.
Francis Obirikorang and his team beat 65 finalists from countries across the globe to win the $500,000 investment money.
For the last two years, Francis has worked as the CEO of Agrocenta. The company he co-founded is an online platform that connects all the stakeholders in the staple food value chain from smallholder farmers, partners, logistics suppliers, off-loaders to buyers under one umbrella for effective trading.
His background in tech also includes Swappaholics Holdings Limited, currently headquartered in the British Virgin Islands.
You would know that Swappaholics is an interactive online platform that allows individuals and businesses exchange (swap) products, skills and services in a cashless setting; and is modelled after the famous barter trade system.
Though Francis and Agrocenta’s big $500,000 (GHS 2,216,250) win in Switzerland is huge, other startups from African countries carted away other prizes too.
SolarFreeze, a Kenyan startup that has developed solar-powered cold storage units for smallholder farmers and traders in Sub-Saharan Africa, took home $50,000 from the ENEL Group, while the Merck healthcare prize went to South African medical content aggregation service EMGuidance which won $50,000 in funding and gained admission to Merck’s e-health accelerator. Edves of Nigeria, which has developed a portal for schools to share education materials with learners and for parents to make payments to schools, was the recipient of the Transforming education prize, Forbes reports.
Good job Kuulpeeps!!!!