With support from the United States Agency for
International Development (USAID), the African Women in Agricultural Research
and Development (AWARD) project, through the U.S. government’s Feed the Future
Initiative launched its 2017 round of Gender in Agribusiness Investments in
Africa (GAIA) competition. The
competition entailed a rigorous selection process that saw over
200 applications, selected
winners from18 countries gathered in
Accra to strengthen their business skills
and pitch ideas to investors. From April 3-4, a group of 31agribusiness entrepreneurs from across West and North Africa
participated in an
intensive entrepreneurship program, and then on April 5
these entrepreneurs presented their research and innovations to potential investors.
In attendance were USAID/Ghana Mission Director, Andrew Karas and AWARD
Director, Dr. Wanjiru Kamau-Rutenberg.
The
entrepreneurs learned
about the current investor
landscape, how to raise
funds, and networked with potential
investors and collaborators. During
the event, entrepreneurs received training on how to successfully integrate gender
issues across their businesses. The event
culminated with a pitching
competition where three leading entrepreneurs were pronounced winners and
received cash prizes.
The
AWARD project, under Feed the Future, the U.S. government’s global hunger and
food security initiative, aims to promote gender responsive agriculture and
improve the efficiency of agribusiness through its entrepreneurship
competition. “The Gender in Agribusiness Investments for Africa competition was
launched to bridge the gender gap in agricultural research and highlight the important
role gender plays in spurring economic growth,” remarked Mr. Karas.
“We
are particularly keen that, as it grows
in importance, the agribusiness sector does not exacerbate
existing social inequalities, but rather
remains a vehicle for inclusive agricultural growth for the continent,” said Dr. Kamau-Rutenberg.
The
2017
round
of GAIA competitions was funded by the African Development Bank (AfDB) as part of its High Five strategy,
which includes Feed Africa, an initiative to transform Africa’s agricultural sector for enhanced
and inclusive economic growth. According to AfDB’s Gender Policy and Program
Coordinator, Dr. Basil Jones,
“GAIA addresses the need for inclusive
innovation systems in agricultural research and development by ensuring the visibility, commercialization and
scaling up of gender responsive agricultural innovations.”
Leading
the development of the GAIA
training content is Intellecap,
an international training and consulting firm focused
on advancing market-oriented innovations that
have positive social and environmental impacts on the most vulnerable populations. This event was
also supported by the
African Agribusiness Incubators Network (AAIN) which nurtures
agribusiness incubators to strengthen
agribusinesses across the continent.
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