GAIN Agribusiness
Innovation Challenge
Female founders/cofounders are strongly encouraged to apply
Deadline: October 3, 2022
AGRIBUSINESS INNOVATION CHALLENGE
Globally, 30% of the food produced is estimated to be lost along the processes in the agricultural supply chain. Food losses and waste amount to nearly US $ 680 billion in industrialized countries and US$ 310 billion in developing countries like Nigeria. These losses are detrimental to the world’s food security if we do not increase our food production by up to 70%, considering that the world’s population is expected to reach 9.1 billion by 2050.
Due to the complexity of the food supply chains, we are faced with challenges in reducing food wastage and delivering safe, nutritious food that is of high quality. However, this can be solved by optimising food processing procedures, streamlining supply chains, and linking farmers directly to the market, among other things.
To support safe food and fight malnutrition, The Global Alliance for Improved Nutrition (GAIN) is supporting the Agribusiness Innovation Challenge for early-stage agritech start-ups that are actively contributing to the supply chain efficiency in Nasarawa with funding and to be implemented by Ventures Park, with the aim of strengthening the Nutrition in Nigeria’s staple foods.
ABOUT THE PROGRAM
The Agribusiness Innovation Challenge is specifically designed for early-stage agritech start-ups to strengthen their capacity, improve their access to funding, and improve business concepts leveraging technology to improve supply chain efficiency in Nasarawa state. If this sounds like your business, check out the information below to apply for the program.
It’s a 4-month hybrid program running from October 2022 to January 2023. Physical support in Nasarawa, Nigeria.
ELIGIBILITY CRITERIA
- Business must be between 6-48 months
- Be an early-stage startup with a minimum viable product
- Be a registered for-profit business operational in Nasarawa State
- Solution alignment with agricultural supply chain efficiency in Nasarawa State
- Age of founder (18-35)
ABOUT GAIN
The Global Alliance for Improved Nutrition (“GAIN”), is a Swiss-based foundation launched at the UN in 2002 to tackle the human suffering caused by malnutrition. GAIN is driven by the vision of a world without malnutrition in which all people have access to and consume nutritious and safe food. GAIN’s mission is to advance nutrition outcomes by improving nutritious and safe food consumption for all people, especially the most vulnerable to malnutrition.
For more information:
ABOUT VENTURES PARK
Ventures Park promotes entrepreneurship and innovation by supporting innovative youths and businesses that are solving Africa’s most important problems through business incubators, accelerators, and capacity building.
Ventures Park is a full innovative entrepreneurship hub, Equipped with high-speed internet, state-of-the-art furniture, artsy finishes with an uninterrupted power supply provides the required coworking infrastructure (physical and virtual) for businesses to thrive. Beyond infrastructure, the Park provides support through capacity-building programs/events and venture support services, including access to mentorship, funding, and markets.
To know more about Ventures Park, visit this link www.theventurespark.com
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