Three Egyptian startups secure funding in Agri-Digital Startup Competition

ArabFinance: Three startups succeeded in securing EGP 150,000, each, after the conclusion of the Agri-Digital Startup Competition held collaboratively between GIZ and Ain Shams Universitys Innovation, Entrepreneurship, and Creativity Hub (IHub), a statement said.

The winning startups were farm monitoring solutions provider ReNile, agricultural community platform Croposa, and an e-commerce platform Cotton Town.

Around 36 teams in the startup stage and 41 teams in the idea stage participated, with an additional three winners in the idea stage winning EGP 10,000, each.

To benefit the winning start-ups further and ensure their sustainability, the AIP project agreed with the e-finance owned, AgriMisr platform, to host the startups on their platform, provide capacity building support and link them to the commercial market and investors.

ReNile, provides a farm monitoring solution, that allows alerts in emergencies, remote control, data analytics for best practices for farming through an online platform these solutions can increase the aquaculture and hydroponics industries productivity and income.

Croposa, an agriculture community for linking the agricultural sector, from suppliers to consumers and services in an integrated platform. Technologically, this e-commerce platform can ensure access to up-to-date information and linkages with market suppliers.

Cotton Town, the first Egyptian e-commerce platform for pure Egyptian cotton which can support the cotton value chain by addressing its main problems through best practices, market linkages and branding.