Fast-rising Agritech startup, EZ-Farming has won the first prize of $5,000 and the people’s choice award at the 2019 Georgetown African Business conference New venture competition, hosted by the Young African Professionals in Washington DC.
Based on the feat, the firm has assured that its strategic agribusiness model of rapidly scaling small farms into commercial sizes and equipping the next generation of farmers has opened up new opportunities for investment in the sector, with a pledge to ensure the highest return on investment (ROI) and best insurance cover for various packages in the Agritech space.
According to its founder, Dr. Adewale Oparinde, the feat is another testament to the work put in by the Agritech startup in firming up the base for the investments in Nigeria’s agricultural sector.
“We are really delighted to have won the contest here in Washington DC. It is our first outing after several months of inventing our business model to meet the demands and dynamics of the market. We took our time since 2015 to conduct thorough research in designing our business model.
“It is one thing to design a website or an app with a proposition connecting farmers to sponsors; it is another thing to fully and technically understand the agricultural space. As you will notice on our website, our team members have vast experience in the space. It is important to us that we build a sustainable business that is most trusted by our investor community and which can last beyond the current era of hype.”
EZ-Farming founder and CEO Dr. Adewale Oparinde. PHOTO: SoundCloud
Source: The Guardian