Apply For African Development Bank AgriPitch Competition 2022 for African Youth Agripreneurs ( USD 140,000 grant)

Apply For African Development Bank AgriPitch Competition 2022 for African Youth Agripreneurs USD 140000 grant

Apply For African Development Bank AgriPitch Competition 2022 for African Youth Agripreneurs ( USD 140,000 grant)

The 2022 AgriPitch Competition is intended to help farmers by assisting them in making their businesses more financially stable and investor-ready.

Capital raising from investors is a crucial step for any startup, and this two-week training program is designed to help entrepreneurs review, prepare, and present their businesses in the most favorable light possible.

After receiving training on how to manage the investor engagement process and expanding their knowledge in areas like business models, investment/business plans, financial structuring, market needs assessment, business financing, and pitching, agripreneurs will meet with investors in the online AgriPitch DealRoom.

Eligibility Criteria – African Development Bank AgriPitch Competition 2022 for African Youth Agripreneurs

Early Start-ups (0-3 years)Mature Start-ups (above 3 years)Women-empowered Businesses (WEBs)
  1. Meet eligibility criteria for Early Start-ups.
  2. Individuals who are at the very early stage of developing ideas/concepts for agripreneurship or a newly established business.
  3. Must have a clearly defined prototype or proof of concept.
  4. May or may not have had any products introduced to the market.
  5. May or may not have a registered corporate entity.
  1. Individuals and firms with existing market traction: technology, product or service, already in the market.
  2. Must have a clear investment ask and growth plan/strategy.
  3. Must be a registered corporate entity.
  1. Meet eligibility requirements for either Early Start-ups or Mature Start-ups.
  2. Firms that are 51% owned by women or founded by a woman.

What Do We Offer?

Dealroom

AgriPitch falls under the African Development Bank’s fourth African Youth Agripreneurs Forum (AYAF) which is a platform for Africa’s youth who are interested in the agriculture startup scene.

In line with the 2022 theme, the AgriPitch Dealroom will be held virtually. The Bank, through the 2022 Virtual Investor Dealroom, aims to create access to capital and markets which are often the two main hurdles for youth agripreneurs to overcome when scaling up their businesses.

Mentorship

The AgriPitch online programme includes a training session (Bootcamp) on strategic partnerships for equity in agriculture, nutrition, and financing the youth and women.

In the two-week-long business development boot camp, AgriPitch competitors can attend virtual sessions on product development, revenue channel identification, logistics, marketing, business management, investment readiness, financing, and other issues, led by trainers and coaches.

Following the training and bootcamp, the participating agripreneurs will receive follow-up mentorship and coaching (virtually) for a period of six months. The mentorship activity will also link the AgriPitch participants to relevant resources throughout the six month period and beyond.

Overview

Total grant fundingSME support DurationShort list SME’sWho can apply?Priority sectors
USD 140,00012 Months25– Youth(35 Years & Below)
– Agriculture value chain focused businesses
– Businesses that leverages technology
Food & Nutrition

 

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