Applications are open for the Post-Harvest Loss Innovation Prize 2024. The Post Harvest Loss Innovation Prize is seeking innovative solutions that reduce post-harvest loss for smallholder farmers in emerging markets. Funding from the prize is unrestricted.
About Post-Harvest Loss Innovation Prize
The Post Harvest Loss Innovation Prize is seeking innovative solutions that reduce post-harvest loss for smallholder farmers in emerging markets. Funding from the prize is unrestricted.
Shell Foundation and the UK's Foreign, Commonwealth and Development Office (FCDO) aims to increase farmer incomes by reducing post-harvest losses in South Asia and Sub-Saharan Africa. To accomplish this objective, it is necessary to implement scalable, cost-effective solutions that cater to the post-harvest requirements of smallholder farmers. These solutions should encourage sustainable agricultural practices while harnessing the benefits of clean energy technologies.
By implementing sustainable and cost-effective solutions to reduce post-harvest losses, farmers can experience a trifecta of benefits: increased incomes, higher yields, and greater climate resilience. Despite the growth in the number of available solutions (e.g., cold storage units), many of the technologies currently available are too expensive for smallholder farmers. Therefore, to encourage more smallholder farmers to adopt innovations that reduce post-harvest losses and reverse the trend of food waste, it is essential to develop solutions that are affordable, practical, and scalable for their operations.
Benefits of Post-Harvest Loss Innovation Prize
- This prize offers more than just a $50,000 financial reward for the winning applicant.
- Finalists gain access to a network of experienced industry leaders and receive media exposure to showcase their innovation.
- The winner will also benefit from access to Factor E's post investment support. Gain the resources and recognition you need to accelerate your agritech journey, grow your innovation, and create impact.
Post-Harvest Loss Innovation Prize Requirments
Open to any entity including startups, universities, non-profit organizations or for-profit companies.
Assessment Criteria
They prioritize innovative solutions with the potential to create substantial impact within the target markets. While not all criteria are mandatory, they evaluate submissions based on the following key factors:
- Innovation: The innovation must be for smallholder farmers. Submissions should demonstrate a novel approach to solving a problem faced by farmers in emerging markets. Innovative solutions are defined as technologies, business models, hardware and/or software that have the potential to become commercially viable.
- Solution Validation: They are seeking solutions that have undergone successful testing, either in a controlled laboratory environment or directly in the field.
- Global Applicability: Innovations can come from any geography globally but must have relevance for direct application in South Asia and Sub-Saharan Africa with the ability to scale to other emerging markets in the future.
- Gender Impact: They prioritize solutions with a demonstrably positive impact on female farmers.
- Scalability and Reach: The ideal solution should have a clear path to scale with significant commercial returns in the future. The technology should have a direct economic impact with the potential to empower over 1 million farmers and demonstrate future return on investment (ROl).
- Farm-Level Implementation: The solution should be designed for use by farmers, not through retail channels.
- Minimal Behavioral Change: Solutions with a low barrier to adoption are preferred. They should require minimal adjustments to farmers' existing routines.
- Financial Traction: Evidence of progress towards financial sustainability is a positive factor. Prior fundraising success is also considered.
- Technology Readiness Level (TRL): They look for well-developed technologies at or beyond the validation stage, with preferably existing paying customers.
- Founding Team: A strong, balanced, and diverse founding team with a proven and visionary leader (CEO) is crucial.
Application Date and Process
To ensure your application is considered, please submit it through the Google Form below by August 14, 2024:
Submit here
Nominate
Do you know a deserving candidate? We encourage nominations of qualified startups, companies, or groups! Help us find the most promising participants by submitting your nominations through the form below:
Nominate an entity here
Timeline
- Request for applications begins Jun 26, 2024
- Applications close Aug 14, 2024
- Applications will be reviewed by the Factor E investment team from Aug 1, 2024– Sep 13, 2024
- Applicants will be notified Sep 16, 2024
- Finalists will be announced Sep 17, 2024
- Award will be announced Sep 25, 2024
Contact Information
For questions about the prize or eligibility please contact [email protected]
Application Deadline
14 August, 2024
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Post-Harvest Loss Innovation Prize
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