The theme for the AYAF is, “The Role of African Youth Within African Food Systems” The objective will be to highlight how youth agripreneurs can address nutrition and gender inclusivity while serving as entrepreneurial leaders within their communities and being actively involved in the African agribusiness sector that is projected to become a trillion-dollar sector by 2030.

The AgriPitch Competition

The AgriPitch Competition aims to instil a culture of innovation and nurture agribusiness innovations to create jobs and improve livelihoods among the youth. The expected outcome of the competition is to select winning ideas that can lead to new products, businesses, programs, projects and processes, while engaging young entrepreneurs eager to tackle the challenges they face as well as global challenges through “nutrition and gender inclusive solutions” that transform agriculture as well promote inclusive growth.

Through a call for proposals, all business profiles submitted for the AgriPitch Competition will go through a rigorous screening process based on specific criteria (see section below on criteria). An evaluation committee will be responsible for selecting the 25 best businesses who will then be invited to participate in the 2020 AgriPitch Competition. An investment teaser of the selected businesses will be shared with investors prior to the event.

Business Categories and Areas of Focus

Profiles for the competition will be submitted under three categories:

1. Early Start-ups (0-3 years) – eligible for the AgriPitch competition grant prize for Early Start-ups.
   1. Individuals who are at the very early stage of developing ideas/concepts for Agripreneurship or a newly established business.
   2. Must have a clearly defined prototype or proof of concept.
   3. May or may not have had any products introduced to the market.
   4. May or may not have a registered corporate entity.
2. Matured Start-ups (above 3 years) – eligible for the AgriPitch competition grant prize for Matured Start-ups.
   1. Individuals and firms with existing market traction: technology, product, service, etc., already on the market.
   2. Must have a clear investment ask and growth plan/strategy.
   3. Must be a registered corporate entity.
3. Women Empowered Businesses: eligible for the DealRoom with investors
   1. Firms with at least 51% share of women ownership or founded by a woman.
   2. Individuals and firms with existing market traction: technology, product, service, etc., already on the market.
   3. Must have a clear investment ask and growth plan/strategy.
   4. Must be a registered corporate entity.

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About African Development Bank Group (AfDB)

Established to promote economic and social development efforts on the continent, the African Development Bank (AfDB) Group comprises three entities: the African Development Bank (AfDB) which is the parent institution, created following an agreement signed by 23 founding member states on August 14, 1963 in Khartoum, Sudan. This became effective on September 10, 1964. The group includes two concessionary windows – the African Development Fund (ADF), established on November 29, 1972 by the African Development Bank and 13 non-African countries

Aim and Benefits of AgriPitch Competition

Dealroom

AgriPitch falls under the African Development Bank’s fourth African Youth Agripreneurs Forum (AYAF) which is a platform for Africa’s youth who are interested in the agriculture startup scene.

In line with the 2022 theme, the AgriPitch Dealroom will be held virtually. The Bank, through the 2022 Virtual Investor Dealroom, aims to create access to capital and markets which are often the two main hurdles for youth agripreneurs to overcome when scaling up their businesses.

Mentorship

The AgriPitch online programme includes a training session (Bootcamp) on strategic partnerships for equity in agriculture, nutrition, and financing the youth and women.

In the two-week-long business development boot camp, AgriPitch competitors can attend virtual sessions on product development, revenue channel identification, logistics, marketing, business management, investment readiness, financing, and other issues, led by trainers and coaches

Following the training and bootcamp, the participating agripreneurs will receive follow-up mentorship and coaching (virtually) for a period of six months. The mentorship activity will also link the AgriPitch participants to relevant resources throughout the six month period and beyond.

Requirements for AgriPitch Competition Qualification

The AYAF is an annual event of the African Development Bank’s Enable Youth Program and is expected to attract participants from across the world, including youth agripreneurs, agribusiness companies, investors, nutrition experts, gender experts, academia, development partners and government agencies.

Application Deadline

November 4, 2022

How to Apply

Interested and qualified? Go to African Development Bank Group (AfDB) on applications.privateequity-support.com to apply

For more details, visit AfDB website.

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