AgTech incubator

This solution was shared by PRE-LAUNCH RESEARCH TEAM , 14 May 2021

Print date: 04 December 2024 17:35

Description of the innovative solution

Finance Public-awareness campaign Behavior change Investment fund

Innovation is particularly needed in emerging markets to nourish a growing and urbanising population in an environmentally sustainable way. Around the world - but especially in developing and emerging economies - there is high demand to increase the local capacity to adapt and/or develop local technologies to address local problems. Technology accelerators - established in partnership with multinationals - offer enormous potential to increase local technological capacity and foster new innovations that offer local solutions. Innovations emerging from these incubators can lead to local, sustainable business development and job creation while at the same time promoting and supporting local solutions to safe and nutritious food availability in an environmentally friendly way.

Primary users

Foodtech companies
Agtech companies
Women
Children & youth
Refugees
Urban communities
Natl. Govt - Ministries of Agriculture
Natl. Govt - Ministries of Economics
Natl. Financial institutions
Investors

Dietary impact

This obviously depends on the innovations, but this could be a criteria of one of entering the incubator. For example, concepts brought to the incubators must focus on improving dietary health, directly or indirectly. Mentors and other support to the agritech startups or pre-startups would need to be selected with this in mind.

Planetary impact

This obviously depends on the innovations, but this could be a criteria of one of entering the incubator. For example, concepts brought to the incubators must focus on improving planetary health, directly or indirectly. Mentors and other support to the agritech startups or pre-startups would need to be selected with this in mind.

Equity impact

Incubators are often heavily targeted towards young and talented entrepreneurs who have come out of university and/or professional settings, but women, disabled entrepreneurs and people with less formal education but valuable life experience and good ideas are often left out of these opportunties. If AgTech incubators were set up to explicitly be inclusive of these groups, this could increase the equity impact of this solution.

Main concerns

Often these types of incubators are inaccessible to many actors or the solutions focused on do not reach the most vulnerable beneficiaries; To increase the impact of AgTech incubators in LMIC and developing economies, truly inclusive and accessible outreach to rural stakeholders must be prioritized to engage rural communities in these models from the beginning.

Supply chain segment

Financial aspects

Maturity level

Gaining traction

Criteria

Food quality Food safety Food affordability Food desirability Climate mitigation Climate adaptation Water use Soil health Reducing biodiversity loss Increasing agrobiodiversity Reducing pollution

SDG target

SDG 9: Industry, Innovation and Infrastructure SDG 10: Reduced Inequality SDG 12: Responsible Consumption and Production SDG 17: Partnerships to achieve the Goal

Context

other

Examples and additional resources

Real-world examples

See this solution in action in different contexts and settings around the world

Ennovate HUB

Project information

Impact innovation hub, supporting emerging entrepreneurs and providing top level business incubation and growth accelerator support to tech-start-ups in Tanzania and across Africa.

Tanzania, United Republic of Africa

ennovatehub.com

Shared by IFSS Portal Research Team

2Scale: Incubating inclusive agribusiness

Project information

Incubator program that manages a portfolio of public-private partnerships (PPPs) for inclusive business in agri-food sectors and industries.

Ethiopia Ghana Côte d'Ivoire Kenya Mali Nigeria Burkina Faso Niger South Sudan Egypt

2scale.org/en/about.../en/about

2scale.org

Shared by IFSS Portal Research Team

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