SAYeTECH, the Ghana-based agtech has been selected for eight cohort of the AgFunder GROW Impact Accelerator.
Backing founders who are transforming global food systems
The GROW Impact Accelerator, backed by AgFunder, is supercharging the growth of emerging foodtech and agtech startups tackling the world’s biggest sustainability challenges. The accelerator equips agritech founders with a comprehensive toolkit to scale. The program offers substantial financial backing through a $100,000 investment via a SAFE convertible note. This financial boost is further complemented by support for product development and testing through access to growth partners.
Founders also benefit from customer validation opportunities facilitated by the program, connecting them with leading multinational corporations in the agrifood sector for pilot projects and potential sales contracts. Building on this foundation, GROW fosters connections with a global network of investors, providing curated introductions to secure future funding rounds. Finally, the program empowers founders with invaluable knowledge through coaching from industry experts and strategic media exposure to amplify their ventures’ reach and impact.
SAYeTech: Transforming agriculture in Africa through mechanization.
Within Sub-Saharan Africa, the mechanization and power utilization level remains the lowest globally. This is evidenced by the stark disparity in tractor availability, with an average of only 28 tractors per 1,000 hectares compared to the global average of 241 tractors. While mechanization presents an avenue for increased farm yields, its widespread adoption faces significant challenges. These challenges include but are not limited to, the high machinery cost, the complexity of operation for some equipment, a lack of readily available training and knowledge for farmers, and the absence of suitable, locally sourced alternatives.
The Kumasi-based agtech company SAYeTECH has made it its mission to solve the problem. Founded in 2018 by Jeffrey Appiagyei and Theodore Ohene-Botchway, it designs and manufactures smart agricultural machinery powered by loT. The company aims to reduce post-harvest losses for farmers and boost efficiency through the agriculture supply chain.
It currently has a portfolio including a solar-powered Multi-crop thresher, a mobile hammer mill for poultry feed processing, a poultry feed production assembly line, a variable nozzle clay extruder, a hybrid grain dryer, a coconut dehusking, a grain processor on wheels and recently; it added a cocoa pod breaking machine. The company also designs and produces other equipment for commercial and industrial use within the manufacturing space.
Source: AgFunder
