One of the start-ups being nurtured through the AGEA Start-up Class 2025, WaxFarm, has achieved a key milestone by winning two major awards in recent days.

On 15th October 2025, WaxFarm secured a €10,000 (GHS 125,000) grant under the Standard Chartered Women in Tech Accelerator Program, proudly represented by Namawu Nasara Yahaya Iddi, Co-founder of WaxFarm. The very next day, on 16th October 2025, the team continued its winning streak by emerging as the overall winner of the Fidelity Bank GreenTech Competition, earning an additional equivalent of €4000 (GHS 50,000) . This time, Co-founder Abdulai Safianu Gomda represented the company.

These back-to-back victories, amounting to €14,000, underscore the relevance of WaxFarm’s innovative work in tackling plastic pollution and advancing climate-smart agriculture through the production of organic fertilisers using the wax worms.

WaxFarm, a start-up from the University for Development Studies (UDS), Ghana, first joined the AGEA network by participating in the AGEA Start-up Competition 2025. It later joined the AGEA Start-up Class 2025 on Innovative Business Model Development, held in Leipzig, Germany (03–13 September 2025). During the programme, the team refined its business model, strengthened its value proposition, and gained insights into sustainable entrepreneurship and investment readiness.

Their recent success reflects the contributive impact of the AGEA initiative in fostering young African innovators who are transforming ideas into viable, sustainable solutions with both economic and environmental value.

We would like to congratulate the WaxFarm team and look forward to many more such success stories.

Read more about the AGEA Business Idea Competition and the Start-up Class.