Kenyan start-ups to profit from O-Farms agribusiness program for SMEs | Technoscoob
No less than 10 Kenyan-based start-ups are set to entry funding of as much as Sh6.5 million to handle meals losses and by-products.
This follows the launch of the second cohort of the agri-circularity program by O-Farms, an African SME accelerator targeted on round agribusiness with the aim of creating circularity a mainstream strategy for improved rural livelihoods and sustainability.
Agri-circularity creates a extra sustainable meals system that drives innovation via creating modern enterprise fashions that scale back agricultural losses, thereby creating new financial alternatives and jobs within the area.
The programme is funded by IKEA Basis to assist scale round agribusiness improvements in East Africa.
In Kenya, the initiative is spearheaded by E4Impact Accelerator, an organisation supporting the expansion of recent companies in Kenya. Thus far the programme has supported 11 SMEs.
E4Impact Entrepreneurship Facilities Director, David Cheboryot, stated the initiative targets SMEs with options to strengthen their enterprise fashions to thrive.
“Kenya has the potential to sustainably feed its rising inhabitants with out depleting its pure assets. Our focus is to construct innovation assist infrastructure that permits round agribusiness to develop and develop,” he stated.
Cheboryot expressed confidence that because the O-Farm Accelerator Program enters its second version, Kenya will solidify its place as an agricultural hub.
“We’re trying ahead to receiving the second cohort of agri-circularity SMEs as we attempt in the direction of cementing Kenya as an agricultural hub in Africa,” he added.
O-Farms was launched in 2021 as Africa’s first accelerator program specializing in agri-circularity with the aim of creating circularity a mainstream strategy for improved rural livelihoods and sustainability.
Yummy Pot Restricted which sells instantaneous mashed potato flour and uncooked potato flour to households and companies and Janabichi Agri Options, a agency that converts rejected tomatoes and capsicum to varied sauces are a number of the organisations which have benefited from the programme.
Others embody Sbike Restricted which makes use of market natural waste and dietary supplements it with by-products from the sugar manufacturing course of, comparable to pulp and molasses to supply ethanol and Agribusiness Options which processes avocado oil utilizing a zero-waste round course of and goes on to course of the avocado waste to make briquettes and vitamins for black soldier fly farming.
Soil Medical doctors, Natural Fields, Stawi Seeds Ltd, Korogocho Market Merchants Affiliation (KMTA), in addition to Vermitech Consultants Ltd-manufactures, additionally benefited.