The MEST Africa Challenge 2024 is now open for applications, offering $50,000 in equity funding to early-stage AgriTech startups in West Africa. The competition aims to support innovative solutions addressing local agricultural challenges, such as limited access to weather predictions, crop information, and processing methods.
To be eligible, startups must have at least $5,000 in monthly recurring revenue for six months, raised less than $1 million, and be less than three years old. They must also be from key West African markets, including Benin, Cape Verde, Côte d’Ivoire, and others.
The winning startup will receive $50,000 in equity funding and access to MEST’s global network, unlocking valuable partnerships, mentorship, and investment opportunities to accelerate growth and global presence.
This funding opportunity is crucial for African AgriTech startups, as it addresses the significant challenges they face in accessing resources and networks to bring their innovative ideas to life. By supporting these startups, investors can generate profits while contributing to socioeconomic progress and poverty reduction.
The application deadline is October 4, 2024. Interested startups can apply now and take the first step towards transforming the agricultural landscape in West Africa.
This initiative is part of a broader effort to promote AgriTech innovation in Africa, recognizing the continent’s vast potential for agricultural growth and development. By empowering local startups, we can unlock new solutions to age-old challenges, driving positive change and prosperity for African communities.
