Transforming the agriculture industry and the rural population in Latin America and the Caribbean

A program financed by:

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Transforming the agriculture industry and the rural population in Latin America and the Caribbean through innovation, financial services, and access to technology for rural areas.

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Latin America and the Caribbean countries

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households benefited in rural areas

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impacted producer organizations

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startups selected

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USD equity-free grant

Overview of challenges in the sector

COVID-19 impact

The economic crisis generated by the COVID-19 pandemic is having a strong impact on smallholder farmers in Latin America and the Caribbean.

Increase technology offers

The number of fintech and agritech companies has increased significantly in recent years in Latin America and the Caribbean, yet their offer for people who work in agriculture is still limited.

Access to value/supply chains

Around 20 million households inhabited by small-scale producers or family farmers need access to technology, credit, markets, and services to be included in value chains.

Guarantee generational change

The average age of people engaged in agricultural activities is very high, which worsens the digital divide and leads to a low adoption of new technologies in the sector.

Through this virtual project, financed by the International Fund for Agricultural Development (IFAD) and implemented by German Sparkassenstiftung, we aim to help smallholder farmers recover faster and more resiliently from the impacts caused by the COVID-19 pandemic. This will be done by linking these producers to technology companies that provide them with a better access to markets and financial services.

The beneficiary countries are:

Bolivia

El Salvador

Guatemala

Haiti

Honduras

Mexico

If you are part of a fintech or agritech that has the potential to benefit the rural and agricultural sector, this program is for you!

Innovatech is a 10-month virtual program that aims to impact:

Smallholder farmers

Vulnerable groups such as women, youth, and indigenous people in rural areas

More than 200 producer organizations

12 startups in 6 Latin America and the Caribbean countries

And provides the following benefits to participating startups:

  • Up to USD 2.2 million for participating startups to implement their services tailored to the needs of rural areas
  • Getting to know the needs and constraints of rural areas first-hand and having the opportunity to jointly develop a pilot
  • Technical advice and accompaniment throughout the program
  • New business opportunities with new customers in participating countries
  • The chance of getting investment in addition to the initial grant
  • Access to relevant content to boost your startup and mentoring with experts in the sector

Apply before April 12th

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