Incofin Foundation, with financial support from IDB Lab, has launched an Innovation Call ‘Advancing Digital Innovation for Smallholder Farmers in Latin America’. The Innovation Call is hosted by GSMA, the technical partner for this initiative. Entities offering solutions that utilize agricultural technologies and digital tools (agritech) to meet the needs and potential of smallholder farmers are encouraged to apply.
The Innovation Call will identify eight early-stage entities (‘Group 1’) and six growing/mature entities (‘Group 2’) that champion innovative, impactful, and financially sustainable agritech solutions capable of helping smallholder farmers improve profitability and/or climate resilience. Projects that also include strategies to expand gender inclusivity in the use of agritech will be viewed particularly favourably. Eligible applicants include agritech organizations or start-ups, financial service providers, producer organizations, and agribusinesses operating in or planning to expand to Bolivia, Colombia, El Salvador, Honduras, Paraguay, and Peru.
Selected entities will receive grants to finance Technical Assistance (TA) projects: up to USD 50,000 for Group 1 to develop and test new solutions, and up to USD 85,000 for Group 2 to roll out and scale existing agritech services. Applicants able to demonstrate partnerships with Israeli agritech companies may receive additional grant funding of up to USD 28,500. In addition, Group 1 entities will be connected to potential investors with experience and appetite for early-stage investments, while Group 2 might receive a follow-up investment from the funds managed by Incofin IM or other investors.
More information about this exciting opportunity, including eligibility and selection criteria, can be found here. If you are interested in applying, please review the Term Sheet and submit your application through the online application form available here.
Applications will be accepted until 11:59 PM (Colombia time) on April 12, 2024. Any questions related to this Innovation Call can be directed to innovationcall@incofinfoundation.com
