ELIGIBILITY:

They are seeking groundbreaking solutions that empower smallholder farmers in South Asia and Sub-Saharan Africa to reduce post-harvest loss.

Applications may be submitted by any entity including startups, universities, non-profit organizations or for-profit companies.

Nominate
Do you know a deserving candidate? We encourage nominations of qualified startups, companies, or groups!  Help us find the most promising participants by submitting your nominations through the form below:
Nominate an entity here

For questions about the prize or eligibility, please contact submissions@factore.com

They prioritize innovative solutions with the potential to create substantial impact within our target markets.  While not all criteria are mandatory, we evaluate submissions based on the following key factors:

Innovation: The innovation must be for smallholder farmers. Submissions should demonstrate a novel approach to solving a problem faced by farmers in emerging markets. Innovative solutions are defined as technologies, business models, hardware and/or software that have the potential to become commercially viable.

Solution Validation: We are seeking solutions that have undergone successful testing, either in a controlled laboratory environment or directly in the field.

Global Applicability: Innovations can come from any geography globally but must have relevance for direct application in South Asia and Sub-Saharan Africa with the ability to scale to other emerging markets in the future.

Gender Impact: We prioritize solutions with a demonstrably positive impact on female farmers. 

Scalability and Reach: The ideal solution should have a clear path to scale with significant commercial returns in the future. The technology should have a direct economic impact with the potential to empower over 1 million farmers and demonstrate future return on investment (ROI).

Farm-Level Implementation: The solution should be designed for use by farmers, not through retail channels.

Minimal Behavioral Change: Solutions with a low barrier to adoption are preferred. They should require minimal adjustments to farmers’ existing routines.

Financial Traction: Evidence of progress towards financial sustainability is a positive factor. Prior fundraising success is also considered.

Technology Readiness Level (TRL): We look for well-developed technologies at or beyond the validation stage, with preferably existing paying customers.

Founding Team: A strong, balanced, and diverse founding team with a proven and visionary leader (CEO) is crucial.

BENEFIT:

This prize offers more than just a $50,000 financial reward for the winning applicant. Finalists gain access to a network of experienced industry leaders and receive media exposure to showcase their innovation. The winner will also benefit from access to Factor E’s post investment support . Gain the resources and recognition you need to accelerate your agritech journey, grow your innovation, and create impact.