African Agrifood Startups Encouraged to Apply for $1m THRIVE Challenge
African agrifood startups can apply for the $1m THRIVE Global Impact Challenge, supporting innovations for a sustainable, net-zero future in agriculture. Applications close on July 12, 2024.
Introduction to the THRIVE Global Impact Challenge
The THRIVE Global Impact Challenge, organized by SVG Ventures, aims to find and support innovative startups that are advancing a sustainable future for agriculture. This global initiative is closely aligned with the United Nations’ Sustainable Development Goals and focuses on promoting a net-zero future. The challenge calls for startups from the agrifood sector in Africa to participate and contribute to this transformative mission.
Key Themes and Objectives
The challenge is structured around five key themes: Soil Health & Biodiversity, Food Security & Waste Reduction, Reducing & Offsetting GHG Emissions, Nutrition & Health, and Cleantech: Energy & Water. Each theme addresses critical areas in agriculture that require innovative solutions to enhance sustainability and efficiency. Finalists from each of these themes will have the opportunity to pitch their ideas at the THRIVE Global Impact Summit, where the overall winner will be announced.
Benefits for Participants
The winning startup will receive a substantial award, including up to $1 million in investment from SVG Ventures. Additionally, the winner will secure a place in THRIVE’s award-winning Global Accelerator Programme, which provides mentorship, resources, and networking opportunities to help scale their innovation. The winner will also get the chance to pitch live at the THRIVE Global Impact Summit in Silicon Valley, providing immense exposure and potential for further investment.
How to Apply
The application process for the THRIVE Global Impact Challenge is straightforward. Interested agrifood startups can apply through the official THRIVE website. The deadline for applications is July 12, 2024, and the selection process will focus on identifying startups with the most promising and impactful innovations.
About SVG Ventures
SVG Ventures, the organizer of the THRIVE Global Impact Challenge, is a leading investment and innovation platform that supports startups in the agriculture, food, and technology sectors. With a global community of over 10,000 startups from 100 countries, SVG Ventures aims to solve critical challenges in these industries. The addition of Peter Eckes, former Chief Technology Officer at BASF Agricultural Solutions, as a Senior Advisor to SVG Ventures, underscores the company’s commitment to driving innovation and growth in the agritech sector.
Conclusion
The THRIVE Global Impact Challenge represents a significant opportunity for African agrifood startups to gain support and recognition for their innovative solutions aimed at creating a sustainable future in agriculture. By participating in this challenge, startups not only stand to receive substantial financial backing but also benefit from invaluable mentorship and exposure on a global stage. This initiative is a crucial step towards achieving a net-zero future in agriculture, aligning with global sustainability goals.