Who and Why?
AgriTech Acceleration program aims to provide the necessary knowledge, expertise, network, and funding for setting up, and/or scaling up existing ventures. Gap assessment is conducted to offer a tailored program best fitted to the participants’ individual needs. The full program will last 3 months followed by further prototyping sessions and scale-up schemes. The program will be conducted online and in three stages: -Onboarding sessions - 1 month-long series of sessions to get entrepreneurs on the startup spaceship, elaborate on the impact of frontier technologies on agriculture, and laying the foundation of participants’ sustainable growth. -Core startup development sessions - a structured curriculum for budding entrepreneurs and a more tailored program for startups. This stage will walk the participants through the entrepreneurial journey: from customer to product development, from business development to investment pitches. -Follow up and prototyping sessions - Sessions led by agronomists and farmers about current challenges and opportunities and unique access to ANAU’s lab environment to build the prototypes to be tested by partnering farmers. The Onboarding sessions will be open for everyone, and obligatory only for Idea, Pre-seed/ Seed stage teams and Individuals, as they will pass to the next stage of the program based on their commitment and participation. The growth stage ventures will decide whether they want to join or not. We are looking for: -Budding entrepreneurs (idea stage): to introduce and develop entrepreneurship culture by providing fundamental knowledge and practical skills. -Pre-seed and seed-stage startups: to take them through the entrepreneurial journey with each module being specifically designed to cover their needs. The track offers a structured curriculum and is mostly based on coaching on startup development modules and mentorship. -Growth stage startups: to provide tailor-made coaching and mentorship. The core component of the track is growing the network of startups to further scale their venture.
Access to Funding
After the successful completion of each stage, the most promising graduates will receive monetary awards/grants of up to 10,000 USD. Access to funding is an integral part of the program. To fuel the further growth of successful ventures, the program is partnering also with ADB Ventures. ADB Ventures was established in January this year to support and invest in technology-driven businesses with significant potential to scale and deliver impact. Its inaugural ADB Ventures Investment Fund 1 has a 17-year fund life and supports early-stage and growth-stage cleantech, agricultural technology, fintech, and health technology businesses. Its focus will be on companies with solutions that can address climate change and empower women. Promising startups will also receive an opportunity to pitch in front of the investors from the Science & Technology Angels Network (STAN). The global scale-up perspective envisions that the most promising startups will benefit from UNDP in Armenia - Cultiv@te: Innovation for Sustainable Agriculture initiative partnership. Cultiv@te program helps startups in the agriculture field by providing a number of benefits, including attractive prizes, partnerships, and investment opportunities, and the opportunity to scale up globally.