Morocco start-up funding soars to $95m

The winners will each receive cash prizes of up to $66 640, as well as technical support in the implementation of their business plans.

All winners will be handed gadgets, mentorship/training, cash prizes, and national recognition during Camtel's 25th anniversary celebrations.

The startup reports over 80 000 users on its platform, including smallholder farmers, agents, truck drivers, and off-takers.

The agreement covers multiple areas of digitisation, including cybersecurity, AI and smart agriculture.

The awards are aligned to tackling major global and African challenges, with categories such as agri-tech, green-tech, health-tech and fintech.

Six winners in three open competition categories received $45,000 in prizes.

The World Bank-funded $100 million initiative will run until 2027 and is estimated to benefit at least 30,500 smallholder farmers.

The start-up says the funds will boost cocoa traceability in Cameroon and agricultural value chains – focused on cocoa.

During Pitch AgriHack 2023, $45,000 in prizes will be awarded to winning start-ups in three open competition categories.

The company’s cash contribution is $250 000 to each company participating in the New York-based programme and £250,000 to each company participating in the London-based program.

Flat6Labs will invest in 160 companies that are in pre-seed up to pre-series A stage, with tickets ranging from US$150 000-US$500 000.