Kenya-based organic agricultural startup, Miyonga farms, has won $10,000 at the recently concluded Sinapis business plan competition.
The competition is an advanced four-month mini-MBA customized for startups and SMEs according to a report by Disrupt Africa. Miyonga farms cultivates and sells French beans and sweetcorn.
“On average the entrepreneurs grow revenues by 166 per cent annually, create three new jobs per year and raise 15 times more in investment capital after going through the Sinapis Entrepreneurship Training Programme,” said Courtney Mills, executive director and co-founder of Sinapis in the report.
With the cash in hand, Yvonne Otieno, founder of Miyonga, “will use the prize money over the next year to expand Miyonga’s horticulture products to passionfruit and chilli, while she will also start leveraging technology to scale her business.”
Sinapis focuses on potential entrepreneurs and business owners that have innovative and scalable ideas. It also trains participants in areas such as human resources, financial, and customer operations.