The
four winners are participating in Mobile Startup
Camp and a concluding pitching contest in front of angel investors and
industry experts in Washington, D.C. The Startup Camp, organized by infoDev, a global innovation
program in the World Bank Group, is designed to accelerate the growth of
early-stage entrepreneurs.
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The
competition unearthed very interesting applications, remarked Arjun Thomas,
Global Product Manager for Nokia Life, and member of the jury consisting of
mobile sector experts and angel investors. He said “as these startups grow,
adapting the business case to ensure steady and versatile revenue generation
streams will be critical to their success."
The
combination of agriculture and mobile technology seems a winning one. Today,
there are close to 900 million mobile phone subscribers in Africa.
Mobile
innovations are already improving efficiencies in the agricultural value chain;
research shows that grain traders with mobile application usage experienced
income growth of 29% and banana farmers in Uganda saw their revenues go up with
36%.
The
mAgriChallenge winners, along with 14 more high-potential and innovative
startups from infoDev’s mobile incubation network, are participating in the
five-day program of lectures and hands on workshops to refine their business
models and marketing pitches, sharpen their negotiating skills and network with
investors and peers. The Startup Camp is supported by the government of Sweden.
Many
apps competitions have ended with the award of prizes, missing the chance to
continue to support talented entrepreneurs as they develop their businesses, says
Valerie DCosta, infoDev’s Program Manager, explaining the idea behind Startup
Camp.
“We
want to support mobile technology entrepreneurs as they take their products
from the idea stage to a point of sustainable growth,” she stated.
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