Nigeria - Startup under 3 years old

Describe your project or startup in a few words

Feedbag Agrihub is a multi-purpose blockchain-powered marketplace solving problems of food waste and post-harvest loss by connecting and rewarding farmers and buyers, while maintaining sustainability, equity and nutrition from farm2table.

01.01 Describe your startup in more detail

Feedbag Agrihub is a multi-purpose blockchain-powered marketplace designed to tackle inefficient supply chain, food waste and post-harvest loss by connecting and rewarding farmers and buyers. Our mission is to revolutionize the agriculture industry, enhancing sustainability, equity, and nutrition from farm to table. With this key features that interconnects Agric. CAF Marketplace: connects farmers to buyers to purchase fresh and nutritious agro-products. CAF Transport & Logistics: Apply as a driver/truck owner, rent/lease a warehouse, rent farm machineries. CAF Education: Insights on regional weather reports, predictive farming (crop/livestock diagnostics), A.I monitoring and preventive measures. CAF Finance: multiple financial services such as agro-insurance, crowdfunding, native currency token to support farmers and agribusinesses. CAF Waste2earn: An innovative program that incentivizes farmers and consumers to convert their wastes to value.

01.02 What is the main problem you are trying to solve?

Feedbag Agrihub is tackling the critical issues of food waste and post-harvest loss, which significantly impact both the economy and food security. By leveraging blockchain technology, our platform connects and reward farmers, aggregators and consumers, ensuring transparency, fair pricing, and reduced inefficiencies in the supply chain. This direct connection minimizes food wastage and loss by streamlining logistics and improving the speed and reliability of deliveries. Additionally, we provide essential support services such as education, finance, and waste management, enabling a sustainable and equitable agricultural ecosystem. Our goal is to enhance sustainability, equity, and nutrition from farm to table, transforming the way food is grown, distributed, and consumed.

01.03 Tell us the major benefits and/or advantages of using the product/service that your startup provides (at least 3).

Reduced Food Waste and Post-Harvest Loss: By connecting farmers directly with buyers through a transparent blockchain-powered marketplace, Feedbag Agrihub minimizes inefficiencies in the supply chain. This ensures that produce reaches the market faster and fresher, significantly reducing the amount of food that is wasted or lost after harvest. Empowerment and Support for Farmers: Our platform provides farmers with access to essential resources and services. Through CAF Education, farmers receive training in modern agricultural practices, enhancing productivity and sustainability. CAF Finance offers agro-insurance and caf token, empowering farmers to invest in their operations and improve their livelihoods. Sustainable and Equitable Supply Chain: Feedbag Agrihub promotes sustainability by encouraging environmentally friendly farming practices and reducing food waste. The CAF Waste2earn program turns agricultural waste into value, creating additional revenue streams for farmers.

01.04 Please describe who exactly your startup’s product/service is aimed at serving. Who are the targeted beneficiaries?

Farmers: are the primary beneficiaries. They gain access to a transparent marketplace where they can sell their produce directly to buyers at fair prices. Additionally, they benefit from educational resources, financial services, and incentives for reducing waste, which help improve their productivity, profitability, and sustainability. Aggregators & Consumers: Both individual consumers and institutional buyers (such as restaurants, grocery stores, and food processors) benefit from access to fresh, nutritious, and sustainably sourced food. They also enjoy greater transparency regarding the origin and handling of their food, ensuring quality and safety. Educational Institutions and NGOs: These organizations can collaborate with Feedbag Agrihub through the CAF Education program to deliver training and resources, thereby contributing to the overall development and modernization of the agricultural sector.

01.05 When was your company established?

2023-10-31

01.06 Are you already selling your product/service?

Yes

01.07 How many other owners are there within your startup?

0

01.08 Among the other owners, how many are female?

0

01.09 Please describe the profile of the other owners within your startup (skills, experience, etc.)

Founding team comprises, Blockchain developer, graphics design, data scientist, product designer and a marketing officer.

01.10 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link(s) here:

https://www.feedbagagrihub.com

01.11 Which industry best describes your project?

b) Materials (agriculture, fishing, chemical products, construction materials, containers and packaging, metals and mining, paper and forest products)

02.01.01 My startup contributes to the No poverty goal

4

02.01.02 No poverty - Justification for my startup

02.02.01 My startup contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification for my startup

Reduced Food Waste: By connecting farmers directly with buyers and optimizing supply chain logistics, Feedbag Agrihub minimizes post-harvest losses, ensuring more food reaches consumers instead of being wasted. Enhanced Food Accessibility: The platform supports small to medium-sized farmers with fair pricing and access to markets, thereby increasing their income and making nutritious food more accessible to communities. Sustainable Agriculture Practices: Through AI-driven insights and educational programs, Feedbag Agrihub promotes sustainable farming practices, enhancing productivity while preserving natural resources for future generations.

02.03.01 My startup contributes to the Good health and well-being goal

4

02.03.02 Good health and well-being - Justification for my startup

02.04.01 My startup contributes to the Quality education goal

4

02.04.02 Quality education - Justification for my startup

02.05.01 My startup contributes to the Gender equality goal

4

02.05.02 Gender equality - Justification for my startup

02.06.01 My startup contributes to the Clean water and sanitation goal

4

02.06.02 Clean water and sanitation - Justification for my startup

02.07.01 My startup contributes to the Affordable and clean energy goal

4

02.07.02 Affordable and clean energy - Justification for my startup

02.08.01 My startup contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification for my startup

Empowering Farmers: Through access to fair markets, financial services, and educational resources, Feedbag Agrihub empowers farmers economically, improving their livelihoods and creating sustainable income opportunities. Job Creation: The platform stimulates employment in rural areas by fostering agricultural productivity and supporting related industries such as logistics and technology services. Market Efficiency: By streamlining the agricultural supply chain and leveraging AI for logistics and market insights, Feedbag Agrihub enhances market efficiency, benefiting farmers, buyers, and stakeholders. Sustainable Economic Practices: Promoting sustainable farming practices and reducing food waste, Feedbag Agrihub supports long-term economic growth while preserving natural resources. Innovation and Technology: Through continuous innovation and adoption of technology like blockchain and AI, Feedbag Agrihub drives economic innovation and competitiveness in the agricultural sector.

02.09.01 My startup contributes to the Industry innovation and infrastructure

4

02.09.02 Industry innovation and infrastructure - Justification for my startup

02.10.01 My startup contributes to the Reduced inequalities goal

4

02.10.02 Reduced inequalities - Justification for my startup

02.11.01 My startup contributes to the Sustainable cities and communities goal

4

02.11.02 Sustainable cities and communities - Justification for my startup

02.12.01 My startup contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification for my startup

Reducing Food Waste: Through efficient supply chain management and direct farmer-buyer connections, Feedbag Agrihub minimizes food waste, contributing to sustainable consumption patterns. Promoting Sustainable Agriculture: The platform encourages farmers to adopt sustainable farming practices, minimizing environmental impact and conserving natural resources. Transparency and Fair Trade: By providing transparent pricing and fair market access, Feedbag Agrihub supports ethical consumer choices and promotes fair trade practices within the agricultural sector. Innovative Waste Management: Initiatives like CAF Waste2earn convert agricultural waste into value-added products, promoting circular economy principles and reducing overall waste generation. Educational Initiatives: Through CAF Education, Feedbag Agrihub educates stakeholders on sustainable farming techniques and responsible consumption practices, fostering a culture of sustainability.

02.13.01 My startup contributes to the Climate action goal

6

02.13.02 Climate action - Justification for my startup

Our soilless farming (hydroponics system).

02.14.01 My startup contributes to the Life below water goal

2

02.14.02 Life below water - Justification for my startup

02.15.01 My startup contributes to the Life on land goal

3

02.15.02 Life on land - Justification for my startup

02.16.01 My startup contributes to the Peace Justice and Strong Institutions goal

3

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

4

02.17.02 Partnerships for the goal - Justification for my startup

06.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

7 - Strongly Agree

06.02 The product/service represents an entirely new type of product/service.

6

06.03 The product/service could be described as a new technology.

6

06.04 The product/service is an improvement on an existing product or service.

1 - Strongly Disagree

06.05 The product/service could be described as an extension of a range of products or services.

6

06.06 The product/service responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

06.07 The product/service is a new version of an old product/service.

1 - Strongly Disagree

06.08 Justification for my startup

06.09 Competitive Analysis

Dimitratech, Algofame and eFama. Our unique value proposition lies in our multi-purpose platform features, connecting and rewarding integrated in the system, eco-design and blockchain smart contracts.

11.05 Are you initiating actions within your community to promote the role of female entrepreneurs?