Mon. May 20th, 2024

Applications Open for Fifth Annual $100,000 GoGettaz Agripreneur Prize Competition

Grants
Grants

Deadline: 19-Jun-23

Youth-led African agrifood businesses are back in the spotlight as Generation Africa rolls out the 2023 edition of the Gogettaz Agripreneur Prize Competition.

By identifying and supporting innovative, high-potential agribusinesses, Generation Africa aims to inspire millions of youths to pursue a career in the fast-evolving agrifood sector. The organisation’s support efforts continue to grow and include a bespoke Generation Africa Fellowship Programme (GAFP), specially curated scholarship opportunities, advocacy platforms and more.

With top mentors, a network of global industry leaders, and a growing community, the GoGettaz Agripreneur Prize Competition seeks to fast-track the growth of agribusinesses with the potential to ensure food security and provide dignified employment.

Benefits
  • After the semi-final process, twelve finalists will be invited to pitch their businesses to a panel of expert judges. Finalists will also be given facilitated access to the AGRF Agribusiness Deal Room to grow their network with potential investors, partners, and collaborators.
  • The award ceremony will also take place at the AGRF Summit. Beyond the two US$50,000 grand prizes, additional Impact Awards of US$2,500 each will be awarded to four innovative businesses who make a positive social and environmental impact by contributing to climate-preneurship, food security, poverty reduction, and/or job creation in their communities.
Eligibility Criteria
  • The competition is open to all African agripreneurs between the ages of 18 and 35, who are the founders or co-founders of innovative and scalable agrifood businesses.
  • Applicants must be citizens of an African country, and their business headquarters must be in Africa.
  • This year the top GoGettaz agripreneurs will travel to the AGRF Summit which is being held in Dar es Salaam, Tanzania.
  • The Entrepreneur
    • Entrepreneur is aged 35 or below on the date of submission to the competition, and is legally recognized as an adult in country of nationality.
    • Entrepreneur holds nationality (with an official ID) from a country which is a member of the African Union.
    • Entrepreneur is the founder/co-founder of the venture he/she represents in the competition and plays an active role in its operations and leadership.
    • Entrepreneur has no criminal record related to corruption, tax evasion, financial impropriety, felony or other offense, and will provide a signed declaration to that effect, if requested.
  • The Venture
    • Venture is already legally registered in a country which is a member of the African Union or will have commenced with the registration of such a legal entity prior to June 1, 2023.
    • Venture is headquartered in a country which is a member of the African Union.
    • Venture is designed to be financially sustainable, either as a for-profit business or a non-profit generating some revenue and aiming not to be dependent on donor funding.
    • Venture plays a role in the agri-food sector and/or supports the development of the agri-food sector through an innovation or process improvement.
    • The agri-food sector may be defined as businesses including:
      • Agri-food research and development.
      • Primary food production (farming).
      • Crop nutrition.
      • Irrigation.
      • Mechanization, automation or robotics, including drones.
      • Crop protection.
      • Hydroponics or urban farming.
      • Transport, distribution, storage or logistics.
      • Food processing.
      • Packaging or marketing.
      • Food retail or service.
      • Waste management or recycling.
      • Digital or technology solutions/services to the agri-food sector.
      • Innovative finance solutions/services to the agri-food sector.
      • Renewable energy or environmental solutions/services to the agri-food sector.
Criteria

An expert jury will review all applications, considering the following criteria:

  • Innovation (20%)
  • Market potential and traction (20%)
  • Social and Environmental Impact (20%)
  • Business model (20%)
  • Founder and team (20%)

For more information, visit Generation Africa.

By Chala Dandessa

I am Lecturer, Researcher and Freelancer. I am the founder and Editor at ETHIOPIANS TODAY website. If you have any comment use caalaadd2@gmail.com as email contact. Additionally you can contact us through the contact page of www.ethiopianstoday.com.

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