Accra (Ghana), December 2018. GreenTec Capital is very proud to announce that AgroCenta has been selected as the recipient of a US$250,000 (£200,000) GSMA Ecosystem Accelerator Grant funded by UK DFID, Australian AID, and the GSMA and its members. The company joins 10 other start-ups entering the GSMA’s Ecosystem Accelerator Innovation Fund Portfolio third cohort.
The GSM Association (GSMA) is the global trade organization for mobile network operators and offer grants through the Ecosystem Accelerator Programme’s Innovation Fund. The fund’s mission is to build synergies between start-ups and mobile operators, with the aim to scale innovative and sustainable mobile services in emerging markets. AgroCenta now joins start-up from 23 markets in total representing very diverse ecosystems and collaborations between start-ups and mobile operators. The breadth of sectors represented within the portfolio is also expanding, with start-ups addressing new challenges such as citizen engagement, waste management, or universal medical identity. Collectively, the Innovation Fund’s portfolio addresses solutions to 13 of the United Nations 17 Sustainable Development Goals within the portfolio, the case for leveraging mobile innovation to help solve local problems is being widely demonstrated.
AgroCenta will use the funds to further develop their innovative digital agricultural platform and expand financial inclusions and services to rural smallholder farmers. The company has been very active recently in setting up aggregation centers to further facilitate market access for farmers and increase Ghana’s food security by preventing crop spoilage through secure storage facilities. Congratulations to Francis Obirkorang and Michael Ocansey on this impressive achievement!