Beed Management, Tangent Waves launch ADTC to boost agricultural sector

KATHMANDU: Beed Management and Tangent Waves jointly launched the Agri-Digi-Tech Challenge (ADTC) on Monday, funded by the Swiss Agency for Development and Cooperation (SDC) under the broader Digital Innovation for Growth and Inclusion in Nepal (DIGI Nepal) project.

This one-year initiative aims to foster digital innovation in Nepal’s agriculture sector.

The ADTC seeks to identify and support Nepali agri-tech startups, SMEs, and larger enterprises leveraging digital technologies to enhance agricultural productivity, efficiency, and sustainability. By providing a platform for collaboration and mentorship, the challenge will accelerate the growth of promising digital solutions and contribute to Nepal's agricultural development.

"Digital innovation has the power to transform Nepal's agricultural landscape," said Suman Shakya, Founder of Tangent Waves. "The ADTC is a catalyst for change, empowering entrepreneurs to develop cutting-edge solutions that address the challenges faced by farmers and the sector as a whole."

The ADTC will focus on a range of digital innovations, including but not limited to advisory platforms, agri-insurance, e-marketplaces, financing solutions, warehousing and transportation management systems, and mobile applications.

Through mentorship, technical assistance, and potential investment opportunities, the challenge, which includes a 5-8 month accelerator, will support selected startups, SMEs, and large companies in scaling their businesses and achieving greater impact.

“The winner of the ADTC will receive investment funding from the SDC," said Sujeev Shakya, CEO of Beed Management.

Meanwhile, the SDC has called for applications for the ADTC. Agri digi-tech companies or startups that leverage digital technology and innovation across the value chain can apply for the ADTC.