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FarmSlate, a startup that connects smallholder farmers with financiers, emerged victorious at the FCMB Agritech Hackathon 2024. The winning solution leverages artificial intelligence, the Internet of Things, and geospatial analytics to enhance agricultural financing. The startup received N3.5 million and will participate in a venture-building program to further develop its innovative approach.
The Agritech Hackathon, supported by Heave Ventures and the Dutch Entrepreneurial Development Bank, aimed to tackle critical issues like credit access and food security. Other notable participants included AgroGuardians and CarbonEx, which also presented impactful solutions. The event showcased the potential of technology in transforming the agricultural landscape and improving rural economies.
• FarmSlate's AI solution won the FCMB Agritech Hackathon.
• The hackathon addressed challenges in agricultural financing and food security.
Artificial intelligence is utilized in FarmSlate's solution to enhance agricultural financing through data analysis.
The Internet of Things is integrated into FarmSlate's technology to connect farmers with financial resources.
Geospatial analytics is employed to analyze agricultural data and improve decision-making for farmers.
FarmSlate connects smallholder farmers with financiers using AI and advanced analytics to improve access to funding.
Heave Ventures supports startups like FarmSlate by providing resources and expertise in technology innovation.
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