The co-founder and executive partner at LoftyInc Allied Partners, Mr. Michael Oluwagbemi, has identified Information and Communication Technology (ICT) start-up incubation and acceleration in agriculture, as the sexy part needed by the youths in farming, reports NaijaAgroNet.
Oluwagbemi made this known in a recent edition of ICTUpdate Newsletter, saying that ICT start-up incubation and acceleration in agriculture provides a unique opportunity to re-engage African youths across the agriculture value chain.
This, he also said affords the youth to be empowered with technology.
“So, Africa can develop its own technologies fit for purpose and feed her citizens freed from the external dependency,” he said.
Oluwagbemi equally said, this part provides the sexy back in agriculture for the youths which makes the farms potentially the office of the future.
As said by him, the surest path for revenue generation or profitability for any start-up in Africa is to create value.
“Start-ups that add real value to their customers; the farmers and the consumers, become the winners in the market,” he declared.
To do so, he prescribed having a required degree of collaboration with existing players, and leveraging the market channels that traditional players had built but have exploited sub-optimally.
Isaac Oyimah/GEE
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Pix: Michael Oluwagbemi
This post was originally published at Naija AgroNet by ITRealms DSA. It has been republished here with permission.
