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.
Worth of Award
The Bank, through the Virtual Investor Dealroom, aims to create access to capital totaling USD 140,000 and markets.
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.
This is suitable for
Early Start-ups (0-3 years)
- Meet eligibility criteria for Early Start-ups.
- Individuals who are at the very early stage of developing ideas/concepts for agripreneurship or a newly established business.
- Must have a clearly defined prototype or proof of concept.
- May or may not have had any products introduced to the market.
- May or may not have a registered corporate entity.
Mature Start-ups (above 3 years)
- Individuals and firms with existing market traction: technology, product or service, already in the market.
- Must have a clear investment ask and growth plan/strategy.
- Must be a registered corporate entity.
Women-empowered Businesses (WEBs)
- Meet eligibility requirements for either Early Start-ups or Mature Start-ups.
- Firms that are 51% owned by women or founded by a woman.
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
Deadline: Applications for the African Development Bank AgriPitch Competition closes November 4.