African agribusinesses that are either youth-led, matured, or women-empowered are invited to apply grant funding to promote their initiatives. Companies will receive between US$10,000 and US$40,000 depending on business feasibility, sustainability and other criteria. Application process is ongoing.
The African Development Bank’s Youth Agripreneur AgriPitch Competition and DealRoom connects expansion-ready, youth-led African businesses with global investors. The DealRoom focuses on youth-led agribusinesses under the themes of nutrition and gender inclusivity. The goal of the AgriPitch Competition and DealRoom is to promote innovation and entrepreneurship in agriculture among youth in Africa and to generate jobs, create wealth and improve livelihoods through inclusive growth across the continent.
Shortlisted businesses will participate in a virtual AgriPitch Competition on 16-20 November 2020, where winners will be chosen by the African Development Bank and awarded between US$10,000 and US$40,000 in the form of grant capital. Applications will be evaluated passed on value proposition and innovation rationale, gender responsiveness, sustainability and scalability, business feasibility, professionalism, and investment appeal. Companies that fall into one of the following categories are eligible to apply: youth with early stage start-ups, mature start-ups, and women empowered businesses as per the African Development Bank criteria.
Application process is ongoing.
Start-ups: Must have a clearly defined prototype or proof of concept and may or may not have had any products introduced to the market.
Matured Start-ups: firms with existing market traction: technology, product, service, etc., already on the market with a clear investment ask and growth plan & strategy.
Women Empowered Businesses: In addition to the criteria for a mature start-up, firms must have at least 51% share of women ownership or founded by a woman.
Find out more about AgriPitch Competition for Businesses.
Photo: Shutterstock / Edited by: Martina Advaney
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