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African Development Bank – AgriPitch Competition for Course

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The African Development Bank’s Youth Agripreneur AgriPitch Competition and DealRoom connects 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 below are encouraged to submit their deal information by 23 October 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.

Eligibility Criteria

This is suitable for:

  • Companies that are in one of following categories: Youth with early stage Start-ups, Mature Start-ups, and Women Empowered Businesses as per the African Development Bank criteria are eligible to apply for the AgriPitch Competition and Virtual Investor DealRoom

Sector of focus:

  • Agribusiness

Company meets the criteria for a category:

  • Start-ups: Must have a clearly defined prototype or proof of concept and may or may not have had any products introduced to the market.
  • Matured Start-ups: firms with existing market traction: technology, product, service, etc., already on the market with a clear investment ask and growth plan & strategy.
  • Women Empowered Businesses: In addition to the criteria for a mature start-up, firms must have at least 51% share of women ownership or founded by a woman.

Offered Benefits

  • Shortlisted businesses will participate in a virtual AgriPitch Competition from November 16-20, 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, Côte d’Ivoire.

Application Process

What you need to do to join:

  • Press “Submit Interest” and supply as much detail as you can.
  • Asoko Insight will contact you to verify certain information. We may confirm everything is set or where you may be able to improve your expression of interest.
  • We’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

Apply Here

APPLY FOR THE FOLLOWING SCHOLARSHIPS TO STUDY ABROAD

1. SCHOLARSHIP TO STUDY IN USA 2020-2021

CLICK HERE TO APPLY ONLINE

2. SCHOLARSHIP TO STUDY IN AUSTRIA 2020-2021

CLICK HERE TO APPLY ONLINE

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