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.
To strengthen professional profiles in AgriTech business innovation through developing entrepreneurial skills, digital and tech competencies, and soft skills of program participants while also building a welcoming community for AgriTech founders. Design Incubator aimed to act as a catalyst tool for entrepreneurs working in the field of Agri-Tech.
Efficiency and productivity will increase in the coming years as “precision agriculture” becomes bigger and farms become more connected. It’s estimated that by 2020, over 75 million agricultural IoT devices will be in use: The average farm will generate 4.1 million data points daily in 2050, up from 190,000 in 2014.
Internet of Things (IoT) | Automation of skills and workforce | Data-driven farming | Chatbots | Drones
ONLINE MANAGEMENT SYSTEMS AND E-COMMERCE
Easy to use digital platforms for accounting and financial reporting | Payment and optimization systems for agriculture services | Land modeling and sales | Online sales and delivery systems for farmers |Training and advisory services in rural areas | Sustainable pasture management systems | Agriculture Waste Management Systems
INCREASED EFFICIENCY IN FOOD PRODUCTION VALUE CHAIN THROUGH NEW TECHNOLOGIES
Vertical and Urban Farming | Genetic Modification and Cultured Meats | Applying 3D Printing Technology to Food | Sustainable Packaging: Bioplastics
*The solutions that also target responding urgent challenges caused by COVID-19 in the short and long terms, will be considered as high priority.
Individuals (ready solution tackling the challenges in the agricultural sector IS NOT MANDATORY)
All individual applicants are required to submit information about themselves and the reason for participation by filling an online application form. Selected eligible applicants will be invited to take part in Onboarding sessions․ Participation for the selected individual participants in the Onboarding sessions is mandatory.
Startup teams (idea stage, pre-seed stage, seed-stage and growth stage startups)
The application process for startup teams is organized through the GUST platform. All the interested applicants are required to submit information on their product, market, competitors, the team, and the challenge they are targeting to solve.