Transforming the rural agricultural sector in Latin America and Bangladesh with innovative solutions and technology

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

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

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

The Innovatech project pilots seek to implement or adapt solutions such as:

  • Digitization of financial operations in organizations
  • E-commerce services
  • Machinery rental for agricultural producers
  • Management and control of small organizations
  • Access to financing
  • Remote technical assistance
  • Financial education
  • Access to new commercialization channels 
  • Contract farming

Meet the chosen startups!