Small and medium enterprises in the agriculture sector can apply for the Agribusiness Challenge Fund. The program is to aid SMEs with funds to scale up their operations.
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Support from the Agribusiness Challenge Fund ranges from US$ 500,000 to US$ 2,500,000, which will be disbursed over three years for applicants based on their development stage.
Funding for organizations will be determined on a case-by-case basis after a thorough evaluation of proposals from different organizations. The categories of interest for the Agribusiness Challenge are:
- Primary Production
- Processing and aggregation
- Trading and market linkages
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To be eligible for the program:
- You must be involved in the focus sector (agriculture).
- You must be an existing for-profit small and medium enterprise.
- You must be contributing at least 30% of the total project cost.
- Your idea must be practical, innovative, and scalable, aiming to create job opportunities for young people.
- Your business must adhere to fundamental human rights, labour standards, and environmental management laws both domestically and internationally.
- It would help if you were not involved in any acts of terrorism or support for terror organizations.
The deadline for applications is November 22, 2024. Click HEREÂ to apply.
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