What are the dates of the program?
The program will last 10 months, starting on June 4, 2022, and ending on May 2023.
After the end of the program, there will be an extra 4-month phase in which five of the 12 startups in the program will be selected for promotion in investment rounds for different funds.
How does the program work?
Innovatech will provide the selected startups with support consisting of weekly working sessions with a team of sector experts that will follow up on the goals and monitor the fulfillment of objectives, as well as deliver technical support. The startups will be part of a bootcamp with mentoring and keynotes given by invited mentors specialized on rural development and financial challenges in the agricultural sector. In addition, during the first weeks of the program, participating startups will learn about the specific needs of end users by developing a pilot product together with project partners.
The implementation phase of the developed solutions with the end users will begin in November 2022.
Each startup has the goal of positively impacting at least 18 producer organizations and/or financial institutions with its technology solution. These organizations will be made up of 42 people each, for an average of approximately 750 people in total.
For your startup, it will be a great opportunity to build new alliances with the rural sector and expand commercially into a customer segment that is underserved when it comes to technology.
How many hours a week do I need to commit to the program?
Your startup will need to devote enough time to carry out the activities related to Innovatech and this will also depend on the solutions each startup develops. Financial support will be released during the course of the program and will be subject to the visible commitment of participating startups.