Nigeria’s EZ Farming wins Georgetown University’s New Venture Prize

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EZ Farming won the the first prize of $5,000 and the people’s choice award at the 2019 Georgetown African Business conference New venture competition, hosted by the Young African Professionals in Washington DC.

The founder of EZ Farming, Adewale Oparinde said winning the prize is a testament to the value his agritech startup poses, especially in an era where many startups seem more interested in achieving media popularity with little or no success to substantiate it.

The start-up’s strategic agribusiness model has made it endearing to farmers and other stakeholders. EZ Farming has scaled small farms into commercial sizes by exposing them to new investment opportunities. The company also offers insurance coverage for various packages in the agritech space.

Oparinde said “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”.

The Founder noted that it was not just about creating tools for business development, but also about the value such products add to the customers.

According to Oparinde, “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”.

He added 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”.

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