A Nigerian-US agri-tech startup EZFarming has been picked for the batch 25 of the 500 Startups accelerator programme in San Francisco, California, US.
Concise News understands that EZFarming is pioneering expansion of smallholder farms to commercial sizes through micro-lending and easy access to produce buyers worldwide.
It is the only Nigerian startup selected accelerator programme which provides $150,000 in funding, mentorship and hands-on training in a highly competitive accelerator programme, with attendees picked from different parts of the world.
EZFarming, founded by Cambridge University-trained Nigerian agricultural economist Adewale Oparinde, has pooled up to $1 million from investors globally for smallholder farmers in Nigeria and other African countries.
It is providing a marketplace that thrives on using digital technology to address agribusiness challenges in Africa.
“We are excited to have made it to batch 25 of 500 Startups accelerator programme. EZFarming is a unique marketplace for smallholder farmers in Africa because we provide not just financing but use technology to provide technical support and connect them to buyers in a different way beyond ecommerce,” Oparinde noted.
“We continue to work with farmers to scale their farms to commercial sizes. This is a great oppotunity for us to continue to improve our model and benefit from the bespoke opportunities the programme offers.
“We are confident that our time in this 4-month programme will sharpen our ability to stretch the limits and deliver more results to our various stakeholders.”
EZFarming got into the accelerator programme after clinching the first prize of $5000 and the Peoples’ Choice award at the 2019 Georgetown African Business Conference New Venture Competition, hosted by the Young African Professionals in Washington DC, at Georgetown University’s McDonough School of Business.
500 Startups is a reputable global accelerator programme, having worked with over 2,000 startups from across the world.