Endeavor SA and FMO have partnered to launch the African Agri-Tech Scale Up program. This program provides entrepreneurs with highly-tailored, structured mentoring through Endeavor’s global network of industry experts and investors as well as other critical resources to accelerate the growth of their early-stage agribusinesses.
Through a cohort-based approach supported by FMO, Endeavor will focus on helping agritech ventures across Africa (with a specific focus on Morocco, Tanzania & Ghana) scale quicker
What does this program entail?
Tailored 1:1 business building, mentoring, and a dedicated Endeavor portfolio manager to guide you through the year and curate your mentoring:
- Monthly expert mentoring (from specialist mentors) backed by experienced Endeavor portfolio manager, used to define a strategy or overcome challenges.
- Quarterly in depth business reviews to prioritize strategies and actions.
- Regular peer-to-peer sessions on topical issues facilitated by experts in the field.
- A significant focus on capital raising and being “investment-ready”.
- Access to additional Endeavor Webinars and Meetups.
Who can apply/selection criteria?
You are able to apply if you and your company meet the following criteria:
- Founder led
- African-based operations (preferably in Morocco, Tanzania & Ghana)
- Focus on or servicing the Agricultural industry
- Scalable business model (preferably tech-enabled)
- The company is post revenue
Duration of the program
The structured component of the program will run from January 2022 to January 2023, with additional touchpoints until April 2023. For queries or additional information, please email: info@endeavor.co.za
Endeavor was established in 1997 and now has 40 offices globally with 6 in Africa. Their 6 African offices are strategically positioned – in South Africa, Morocco, Egypt, Nigeria, Kenya, Tunisia – to enable Endeavor to serve all territories across the continent. Endeavor has an extensive global network of over 5000 mentors and 500 growth investors as well as 2200 entrepreneurs with a highly successful track record in accelerating start-ups’ growth in under-developed and emerging markets.
Marieke Roestenberg, FMO’s Ventures Program Manager, said: “Our collaboration with Endeavor will help more early-stage agri-tech start-ups tap into the wealth of knowledge and experts that the Endeavor network has to offer. We look forward to seeing how our collective efforts contribute to a thriving agri-tech sector in Africa and help increase the pipeline of investable agri-tech opportunities across the continent.”
Alison Collier, Endeavor SA Managing Director, said: “Partnering with FMO, one of the world’s leading development finance institutions, to extend our Local Scale Up program and focus on accelerating the growth of early-stage African agri-techs is a wonderful initiative. We are excited at the significant positive economic impact this will have on the local entrepreneurial ecosystems.”
Application closes January 7, 2022. Apply here.
