April 26

Founders Factory Africa Partners With Small Foundation to Invest In 18 Agritech Startups

By Tage Kene-Okafor

Johannesburg-based investment company Founders Factory Africa (FFA) today announced a partnership with Small Foundation that will see it select 18 agritech startups for an acceleration and incubation program.

Small Foundation is a Dublin-based philanthropic organization that focuses on the rural and agriculture sector in sub-Saharan Africa. With this partnership, Small Foundation is making an undisclosed investment in FFA to build and scale agritech startups on the continent.

“The partnership stands to make a significant impact across the continent by supporting agritech startups who can innovate and improve the delivery of a range of services to smallholder farmers and micro, small and medium-sized enterprises in the agricultural sector,” an excerpt in a statement read.

Photo courtesy of Bioversity International/J.van de Gevel.

Source: TechCrunch (link opens in a new window)

Agriculture, Technology
accelerators, MSMEs, smallholder farmers, startups