New Remote Accelerator is Offering Equity-Free Funding for Smart Agrifood Startups!

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If you’re an aspiring entrepreneur or agtech startup, you know that finding funding and resources to help launch your company or take it to the next level is a key ingredient to success. Fortunately, we recently partnered with AgThentic to produce a database and tool to find the best early stage resource for your startup.

Now, there’s a new resource in town that’s offering funding for free!

4YFN, the startup business platform of Mobile World Capital Barcelona and mobile technology innovation event Mobile World Congress recently unveiled a new €3.6 million ($3.92 million) accelerator program called IMPACT Growth that will offer equity-free funding to agtech startups.

The program is targeting growth-stage startups with a product already on the market. Unlike other funding programs, IMPACT Growth is a remote program that provides equity-free funding. Having to relocate to participate in an accelerator program is often one of the biggest challenges that entrepreneurs face. For some aspiring founders, it can even be a deal-breaker.

The program is also compatible with other accelerators, allowing entrepreneurs to take advantage of multiple business-boosting resources.

Twenty-eight startups will receive €100k ($108,895) in funding, and four of these will receive up to €250k ($270k) in funding. The best startups will have the opportunity to receive an investment of €1.5 million ($1.63 million) from early-stage mobile technology investors Kibo Ventures and Denmark-based international business development organization Accelerace

In addition to funding, IMPACT Growth will offer selected startups mentors, technical training, and digital missions around the world.

Although the IMPACT Growth program focuses on a variety of sectors, one of the program’s primary verticals is what it refers to as “Smart Agrifood.” This includes a wide variety of agriculture technologies like precision farming. Partnering with French multinational food and health product maker Danone, this category is looking for startups that will radically change the way we cultivate, monitor, and distribute food. This includes startups targeting problems related to farming, agri-logistics, and food awareness

4YFN, which stands for “4 years from now,” unveiled IMPACT Growth at its 4YFN 2017 event in Barcelona. According to the company, over 19,000 people attended the digital and mobile technology-focused event, including investors and entrepreneurs from around the globe.

As part of the event’s startup pitch competition, London-based agtech startup WeFarm took home an award in the Disrupted by Mobile category, which explored how mobile technology presents a new challenge for traditional industries. The company crowdsources vital agricultural information for farmers in remote areas who may not have the use of the internet.

Mobile World Capital Barcelona is an initiative driving the mobile and digital transformation of society while helping improve people’s lives globally. Its primary mission is to help startups, investors, and corporations connect and create new ventures.

IMPACT Growth is funded by the European Commission’s innovation grant program Horizon 2020, which we wrote about here, but startups from across the globe can apply.

Applications for IMPACT Growth are due May 9, 2017.

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2 thoughts on “New Remote Accelerator is Offering Equity-Free Funding for Smart Agrifood Startups!”

  1. Dear Sir/Madam,

    We are the founder Technologist, innovative in-house Scientific PHL Technology innovator in AGRICULTURE Since 1975, DEVELOPED innovated dried cost effective processing lines/innovative sheets, as per the sourcing sites, with ZERO WASTE for small scale farmers, killed hunger / poverty practically to our funding areas.

    Hence, we have to innovate an AGRI TECH for our financial survival. Being HORTI FAMILY by two generations have developed turnkey basis sustainability in our AGRICULTURE, and survived as a private funder. Each and every PHL/NUTRI LOSS has been converted into profit by scientific/technological drying solutions, innovated dried processing lines under our own in- house technologies. Ultimately our in-house technology (R&D) converted each and every loss solution into profit. Presently our 40 YEAR INNOVATIVE NUTRI TECH is capable to give you complete technological solution for zero food waste in NUTRI LOSSES, in any part of Asia/Africa at TURNKEY BASIS. Our technological solutions have been acknowledged by WAGGENEN UNIVERSITY NL/ILLINOIS UNIVERSITY /6 EU scientific FOUNDATIONS/STAKE HOLDERS etc have accepted our SCIENTIFIC/TECHNOLOGICAL PHL ABSTRACTS FOR ZERO WASTE.

    We are seeking to apply for pitch and request you to please send us application form/parameters etc, register us for future events

    Regards,
    Liaqat Ali,
    Founder Technologist,
    Liaqat Corp (PVT) Ltd
    Atawa Kamran Town
    Gujranwala/Pakistan
    Cell#923214854343
    Web: http://www.phltechnologyaid.com

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