What are the program dates?
The program will have three different rounds, and each round will have a pilot phase and a scaling phase with a total duration of 8 months.
Round 1: Guatemala and Honduras:
• Pilot and scaling phase: February 1 – September 31, 2025
Round 2: Bangladesh and Bolivia
• Pilot and scaling phase: August 1, 2025 – March 31, 2026
Round 3: El Salvador and Peru
• Pilot and scaling phase: August 1, 2025 – March 31, 2026
How does the program work?
Innovatech will provide selected startups with support through weekly work sessions with a team of sector experts who will closely monitor goals and objectives, as well as provide technical support. Startups will be part of a bootcamp with mentorships and keynotes delivered by guest mentors familiar with rural development and financial challenges in the agricultural sector. Additionally, during the program’s first weeks, participating startups will identify the specific needs of end users by developing a pilot product with the project’s partners.
Each startup aims to positively impact at least 23 producer organizations and/or financial institutions with its technological solution, each consisting of approximately 35 people, averaging around 805 people in total per startup.
For your startup, this is a great opportunity to develop new partnerships with the rural sector and expand commercially to an underserved client segment in the technological aspect.
How many weekly hours do I need to commit to the program?
Your startup must participate in collaborative sessions with your mentors and with producer organizations and/or financial institutions and dedicate enough time to develop activities related to Innovatech. This will also depend on the solutions developed by each startup. Financial support will be released during the program and will be subject to visible commitment and progress by participating startups.
Does the program include in-person events, or is it entirely virtual?
The Innovatech program is primarily conducted virtually, allowing your startup to participate from any location. However, in-person events may be organized and will be communicated to participants in advance. Additionally, field trips to meet and collaborate with rural organizations may be essential for the program’s success.
If my startup has already participated in a previous version of Innovatech, can I apply?
Startups that have already participated in Innovatech 1.0 will not be considered.