Monday, September 21, 2020

Apply For Youth Agripreneur AgriPitch Competition 2020

The African Development Bank's Youth Agripreneur AgriPitch Competition and DealRoom connects expansion-ready, youth-Ied African businesses with global investors (debt, equity and/or grant). The DealRoom focuses on youth-Ied 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 below 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.

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AgriPitch Competition:

  • 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).

The African Development Bank is a leading multilateral development finance institution. The Bank has 81 member countries and is headquartered in Abidjan, C├ęte d'Ivoire.

Further details regarding specific eligibility is found on the bottom of this page in the FAQ. Evaluation criteria for successful applications is also below.

Applicant Evaluation Criteria:
All applicants should consider this criteria carefully as they build out their profile for submission.

Value Proposition and Innovation Rationale (30% welghtlng):

  • How creative is the idea or how creatively the idea solves a problem related to ICT and agridigitization?
  • Gender responsiveness
  • Addresses nutrition
  • Job creation potential .

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Competitive edge Sustalnablllty and Scalablllty (20% welghtlng):

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

Buslness Feaslblllty & Tractlon (30% welghtlng):

  • Clear customer pain/need intensity and market size
  • Commercial and technical feasible with strong profit margins
  • Existing traction and customers (for matured start-ups)

Professionalism and Presentatlon of Buslness (5% welghtlng):

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

Investment Appeal (15% welghtlng):

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

How to apply:
Are you ready to submit details on your investment opportunity? If Yes.

Click here to apply

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