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Find similar grantsInnovation Challenge Fund (Digital Agriculture Solutions for Smallholder Farmers in Africa) is sponsored by World Bank (through its partners). This fund provides grants for startups that offer digital solutions for smallholder farmers in Africa.
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World Bank Funding for Digital Agriculture Startup Companies Follow us: Facebook , Twitter , RSS Feed ⇓ More from ICTworks World Bank Funding for Digital Agriculture Startup Companies By Wayan Vota on December 20, 2022 Digital agriculture is important to the World Bank because it can help improve food security by making the food system more efficient, sustainable and equitable.
Digital technologies can help reduce costs, increase productivity, enhance quality, optimize resource use, mitigate risks, empower farmers and consumers, and facilitate market access.
5 Ways Startup Companies Can Engage the World Bank Here are five ways the World Bank engages with entrepreneurs to fund technology startup companies focused on food security: Participating in workshops that showcase innovative ideas or solutions for digital agriculture.
The Digital Agriculture Innovation Day is an annual event that brings together entrepreneurs, investors, policymakers and experts to discuss and demonstrate how digital technologies can transform agriculture. The AgriTech Bootcamp is a training program that helps entrepreneurs develop their business models and pitch their solutions to potential investors.
Joining networks that connect entrepreneurs with mentors, investors, customers and peers in digital agriculture. The World Bank Group Innovation Labs is a network of hubs that provide support services for innovators across different sectors including agriculture. The Africa AgriTech Accelerator Program is a platform that connects startups with mentors, corporates, investors and other stakeholders in agri-tech across Africa.
Leveraging resources that provide guidance , training or data for developing and scaling digital agriculture solutions. Digital Agriculture Maturity Model is a self-assessment tool that helps entrepreneurs measure their progress and identify gaps in their digital agriculture solutions. World Bank Open Data is a web-based platform that provides free access to various datasets on agriculture and food security.
Partnering with the World Bank or its implementing partners on co-designing, testing or deploying digital agriculture solutions that address specific challenges or opportunities in food security. For example, the World Bank has partnered with Hello Tractor to provide smart tractor services to smallholder farmers in Nigeria using an app-based platform.
The World Bank has also partnered with FarmDrive to provide credit scoring services for smallholder farmers using mobile phones and big data analytics in Kenya.
World Bank Funding for AgriTech Startup Companies Here are five ways the World Bank can fund technology startup companies focused on food security: The World Bank can also provide loans or credits through its International Development Association (IDA), which offers concessional financing for low-income countries.
For example, in June 2021, the World Bank approved two IDA grants totaling $116 million to help South Sudan address acute food insecurity and desert locust crisis.
The World Bank can leverage its partnerships with other organizations, such as the Food and Agriculture Organization (FAO), the International Fund for Agricultural Development (IFAD), the World Food Programme (WFP) and others, to co-finance projects that promote food security. In February 2023, the World Bank joined these organizations to call for urgent action to address the global food and nutrition security crisis.
The World bank can support innovation and entrepreneurship in food security through its various initiatives, such as Innovation Labs, AgriTech Challenge, Disruptive Agricultural Technologies Platform and others. These initiatives aim to foster new solutions and business models that can improve agricultural productivity, resilience and sustainability.
The World Bank can mobilize private sector investment in food security through its International Finance Corporation (IFC), which provides financing and advisory services to private enterprises in developing countries. The IFC has invested in several agribusiness companies that use technology to enhance food security, such as Twiga Foods in Kenya, which connects farmers with urban retailers through a digital platform.
Email a link to a friend (Opens in new window) Share on WhatsApp (Opens in new window) Share on Reddit (Opens in new window) Share on Mastodon (Opens in new window) Now Read These Related Posts More About: AgriTech , Climate Smart Agriculture , Donor Funding , Food Security , ICT4Ag , ICTforAg , Precision Agriculture , Seed Funding , Startups , World Bank Wayan Vota co-founded ICTworks.
He also co-founded Technology Salon, Career Pivot, MERL Tech, ICTforAg, ICT4Djobs, ICT4Drinks, JadedAid, Kurante, OLPC News and a few other things. Opinions expressed here are his own and do not reflect the position of his employer, any of its entities, or any ICTWorks sponsor. « Apply Now: $200,000 for African Climate Adaptation Data Research Congratulations!
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According to the current listing, eligibility includes: Startups that offer digital solutions for smallholder farmers in Africa. Confirm the full requirements in the official notice before applying.
The current listing shows maximum of $250,000 per project. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Innovation Challenge Fund (Digital Agriculture Solutions for Smallholder Farmers in Africa) is funded by World Bank (through its partners). Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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