The agribusiness experience
After another successful accelerator cohort in partnership with Village Capital and an incubation cohort funded by a Dutch family office, a 18 month partnership with Danish family office, Bestseller Fund, is struck. The focus this time is explicitly on agribusinesses, and the programme consist of an ideation, an incubator and an accelerator component.
Over 18 months in 2013 and 2014 a total of 603 enterprises are interacted with as potential participants and applicants in the various activities. The ideation component manages to support 8 startups, the incubator another 12, while the accelerator successfully supports 11 early-stage enterprises boost their growth trajectory.
The ideation component and the incubator programme, the second for GrowthAfrica, leaves us with the realisation that our efforts are more effective with entrepreneurs who have managed to commercialise their first product or services; and a decision is made to focus on “post-revenue” acceleration on the startup side of the business.