Apply For the Africa AgTech & Inclusive Insurance Challenge . The Global Index Insurance Facility (GIIF), Africa AgTech & Inclusive Insurance Challenge is LIVE!
To leverage innovative solutions, GIIF is organizing an agriculture Insuretech innovation challenge to be hosted in Nairobi, Kenya in March 2022 alongside the Sankalp Africa 2022 Summit.
Through the Africa AgTech & Inclusive Insurance Challenge, GIIF will celebrate and support young entrepreneurs who are working at the intersection of
- climate, and
this is to build resilience for smallholder farmers.
Businesses should have an existing insurance product for rural farmers, or be working towards introducing an insurance product as an additional product or service offering.
What’s in it for You?
Cash Prize to scale or launch an insurance product:
- 1st Place wins $25,000
- 2nd Place wins $15,000
- 3rd Place wins $10,000
One-on-one investment readiness support to improve the pitch and investment ask, as well as refine investment collateral
Advisory services from IFC insurance technical specialists
Opportunity to pitch and get feedback to the eminent Grand Jury
Opportunity to share the business model with global investors
Access to the Sankalp Africa Summit 2022 online and in-person in Nairobi, where you can meet a global network of investors, donors, and entrepreneur support organization
Exhibition space at the Sankalp Africa 2022 Summit for your business to gain visibility and generate leads.
Who Can Apply for Apply For the Africa AgTech & Inclusive Insurance Challenge ?
Technology-led enterprises in sub-Saharan Africa who are offering solutions to the challenges faced in the development of agriculture resilience.
Applicants can apply if they meet the following criteria:
Business owners must be under 30 years of age
Businesses must be operational in sub-Saharan Africa
Business Model: Applicants must have a registered, for-profit business, preferably generating revenue
Run a high-impact business that caters to rural communities, youth, and/or women
Operating in one or more of the following sectors:AgInsurance, AgTech, FinTech, Gender & Inclusion
Have a clear for-profit business model with high potential for scale
Have an experienced and dedicated promoter team
Are looking for funding in the range of USD $10,000 – $1,000,000
Experience a hybrid event, 3 days of virtual & 1 day of in-person. Mainstreaming Impact with unique innovation, learning, and networking with entrepreneurs and leaders across the world.
Sankalp Forum was initiated in India in 2009 by Intellecap, part of the Aavishkaar Group, to create a thriving ecosystem for business-led inclusive development.
Over the past 13 years, Sankalp has built one of the world’s largest impact enterprise focused platforms that has showcased and discovered 2000+ entrepreneurs, through 25 editions and has connected them to 600+ investors.
Sankalp has enabled enterprises and entrepreneurs and has helped raise over $ 290 million USD in funding.
Sankalp Forum engages with Governments, Corporations, influential platforms like the G8 and G20, media and civil society to drive a paradigm shift in inclusive development approaches.