African Development Bank-AgriPitch Competition 2020(Win US$40,000)

Applications are open for the African Development Bank’s Youth Agripreneur AgriPitch Competition and DealRoom in 2020 to connect expansion-ready, youth-led African businesses with global investors (debt, equity and/or grant).

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.

African companies that meet the criteria are encouraged to submit their deal information for review by the Bank’s and Asoko Insight’s data teams. Qualified businesses will be promoted through the Asoko portal to global investors for matching. Interested investors can match with any deal by registering their profile and selecting target deals.

RELATED:
Changzhou University International Merit Scholarship

Table of Contents

Worth of Award

  • Shortlisted businesses will participate in a virtual AgriPitch Competition from November 16-20, 2020, where winners will be chosen based on different categories under consideration.
  • The African Development Bank will award shortlisted businesses between US$10,000 and US$40,000 in the form of grant capital (US$120,000 in total is committed).

Eligibility

Companies that are in one of following categories: Youth with early stage Start-ups, Mature Start-ups, and Women Empowered Businesses as per the African Development Bank criteria are eligible to apply for the AgriPitch Competition and Virtual Investor DealRoom

  • Sector of focus: Agribusiness
  • Company meets the criteria for a category:
    • 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.
RELATED:
National Scholars Awards for International Students at University of Iowa, United States

Applicant Evaluation Criteria

All applicants should consider these criteria carefully as they build out their profile for submission.

Value Proposition and Innovation Rationale (30% weighting):

  • How creative is the idea or how creatively the idea solves a problem related to ICT and agri-digitization?
  • Gender responsiveness
  • Addresses nutrition
  • Job creation potential
  • Competitive edge

Sustainability and Scalability (20% weighting):

  • Sound environmental management systems
  • Potential for scaling-up
  • Sufficient and qualified staff, including management

Business Feasibility & Traction (30% weighting):

  • Clear customer pain/need intensity and market size
  • Commercial and technical feasible with strong profit margins
  • Existing traction and customers (for matured start-ups)
RELATED:
Widening Participation Scholarships at Griffith University, Australia

Professionalism and Presentation of Business (5% weighting):

  • Structure and presentation of the business model
  • Ease of comprehension of the business
  • Strong writing/presentation skills

Investment Appeal (15% weighting):

  • Investment pull based on respective early start-up, matured start-up, and all-star stage

How to Apply

  • Press “Submit Interest” and supply as much detail as you can.
  • Asoko Insight will contact you to verify certain information. They may confirm everything is set or where you may be able to improve your expression of interest.
  • They’ll let you know when your deal is published on the platform and under consideration by investors and African Development Bank.
  • Asoko or African Development Bank may then be in touch following your match with an investor or shortlisting for the AgriPitch Competition
RELATED:
DAAD Master’s Scholarships in Development-Related Postgraduate Courses for Africans, 2021

Deadline: Applications are ongoing

 

Click here for more details and to apply

Subscribe to our newsletter!

Read From Original Source Here: 2020-2021 Scholarships, Fellowships and Opportunities for African Students

Be the first to comment

Leave a Reply

Your email address will not be published.


*