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Home Agritech

Farmhut, a Zimbabwean agri-tech startup, has been awarded a $100,000 grant from Hult Prize

Tech Gist Africa by Tech Gist Africa
03/28/2021
in Agritech, Made In Africa, Opportunities, Startups, The Big 5
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Farmhut Zimbabwe agritech startup

Farmhut Zimbabwe agritech startup

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Farmhut, a Zimbabwean agri-tech startup, has been awarded a grant of $100,000 after being named one of the winners of the annual Hult Prize competition.

“This isn’t just a Farmhut investment. It’s for all the farmers who toil away every day to provide a meal for their families. Farmhut’s CEO and co-founder Ryan Katayi said, “It sets the stage for us to take our innovative solution to the rest of the world.”

This year’s Hult Prize, an international, year-long competition that crowd-sources ideas from university level students after challenging them to solve a pressing social problem such as food security, water access, electricity, and education, has chosen the company as one of 11 winners.

Farmhut will earn US$100,000 in grant capital as one of the winners, which it will use to broaden its product range and user base.

Farmhut is an artificial intelligence (AI)-powered marketplace that connects farmers with markets that pay fair prices for their produce.

It enables farmers to expand their businesses quickly throughout the year, while ensuring that customers receive new, locally produced, and sustainably grown food from small producers in their neighborhood.

The agri-tech startup recently launched a WhatsApp-based chatbot to address the lack of connectivity that most Zimbabwean farmers face.

Read More on Tech Gist Africa:

African Entrepreneurs are invited to apply for the Global Extreme Tech Challenge

Three Kenyan teams have been selected to compete in Microsoft’s annual global student Technology competition, Imagine Cup, this year

 

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