Nigerian startup ColdHubs Limited has emerged the winners of the FCMB Agritech EPIC Pitch 2020.
The Agritech EPIC Pitch, which is organized by Passion Incubators and FCMB, is designed to help accelerate the growth of Agritech Startups in Nigeria, and eventually in Africa.
The project focuses on investing in startups that improve the agricultural value chain within the sub-Saharan region in the area of Agricultural Finance; Agricultural Marketing; Processing; Storage and Supply Chain.
With more than 2000 applicants from 16 different countries, ColdHubs Limited which uses 100% solar-powered walk-in cold room to increase the shelf lives of fresh fruits and vegetables from two to more than twenty days, won the grand prize.
Beyond the use of clean energy, ColdHubs Limited offers an exceptional business model of pay as you store, as well as a facility that have proven efficient in the remotest part of Nigeria because of its ‘plug-and-play’ nature and it’s ability to help small holder farmers and retailers increase their income to up to 50%
Reacting to the win, ColdHubs Limited released a statement saying, “We are happy to announce that we emerged winners of the FCMB Agritech EPIC Pitch 2020. We want to sincerely thank Passion Incubators and FCM for setting this up and we look forward to a great partnership through this platform”
ColdHubs won ahead of AgroHive, a startup focused on helping farmers connect with skilled agricultural staff.