A Nigerian Agric-Investment/ Agrictech startup, EZ-Farming, has won the 2019 Georgetown University’s $5,000 New Venture Prize and the people’s choice award at the 2019 Georgetown African Business conference, an event which was hosted by the Young African Professionals in Washington DC.
According to reports, the startup has a strategic agribusiness model of rapidly scaling small farms into commercial sizes and equipping the next generation of farmers, a farming approach that has enhanced the agriculture sector of the economy and opened up new opportunities for investment in the sector.
The company’s successes, as well as its commitment to ensuring the highest return on investment (ROI) and best insurance cover for various packages in the Agritech space, has earned it customers’ loyalty and trust.
Showing his excitement on receiving the award, the founder of EZ Farming Dr Adewale Oparinde, stated that the achievement is a proof that the work and efforts invested by the Agritech startup to ensure a solid foundation for the investments in Nigeria’s agricultural sector is indeed valuable.
According to him, “We are really delighted to have won the contest here in Washington DC. It is our first outing after several months of inventing our business model to meet the demands and dynamics of the market. We took our time since 2015 to conduct thorough research in designing our business model,”.
He further stated that “It is one thing to design a website or an app with a proposition connecting farmers to sponsors; it is another thing to fully and technically understand the agricultural space. As you will notice on our website, our team members have vast experience in the space,”.
Assuring its stakeholders of the company’s commitment to excellence business model and service delivery, the founder further pointed out that “It is important to us that we build a sustainable business that is most trusted by our investor community and which can last beyond the current era of hype.”