Who are we?
We are a Pan-African programme for African tech start-ups from the agriculture, food and livestock sectors, offering digital products that can increase the income of their customers. The Investment Readiness Programme (IRP) aims to improve investor readiness, so that the start-ups supported can raise more capital to reach more customers and achieve greater impact.
The IRP is offered by “Scaling Digital Agriculture Innovations through Start-up (SAIS)”, a project implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). It is co-funded by Bayer Cares Foundation and the Bill and Melinda Gates Foundation. Our overall goal at SAIS is to increase incomes in the African agri-food sector through scaling proven digital innovations. For 2023, up to 20 start-ups will be selected to participate in a year-long Investment Readiness Programme.
Starting in 2019, SAIS has accelerated more than 51 outstanding African start-ups:
Seven investment readiness criteria are used to assess and monitor the investment readiness level and progress of your start-up while participating in the IRP.
- Indicator 1: The competencies of the founding team are improved (e.g., pitch training, operations management, leadership, start-up valuation (“pre-money”), clear roles and responsibility of the management team).
- Indicator 2: The start-up’s data room is improved and all necessary documents for an effective due diligence are available (e.g., pitch deck, annual balance sheet, accounting, bank statements, forecasts and exit strategy).
- Indicator 3: A digital system for monitoring the start-up’s user base is established and provides data (“data analytics”).
- Indicator 4: A market research and competitiveness analysis of the start-up is available for the own national market and possible expansion markets.
- Indicator 5: A strategy and a catalogue of measures for marketing & sales is available and guides the actions of the founding team for scaling the start-up.
- Indicator 6: The product of the start-up is market-ready (e.g., customer-driven product development, product-market fit, data security, suitable for national regulations).
- Indicator 7: The start-up’s customer growth is improved (improved customer acquisition rate).