The WFP IGNITE Food Systems Challenge Rwanda 2022 is now accepting applications.
Apply for the equity-free investment of up to $50,000, mentoring, and access to the world’s greatest humanitarian organization.
With the support of USAID’s Bureau of Humanitarian Affairs (BHA) and the Danish Ministry of Foreign Affairs, the United Nations World Food Program (WFP) and Impact Hub Kigali (IHK) are looking for Rwanda’s brightest and newest entrepreneurial solutions on how to combat hunger, improve food security, and strengthen food systems.
The IGNITE Food Systems Challenge is a first-of-its-kind project to help Rwandan start-ups, SMEs, and cooperatives build up their solutions, allowing them to contribute to the economy while also having a good social effect by solving various gaps in the food system.
The Challenge will give a venue for businesses to pitch for both financial and technical assistance.
- Finance: You may get up to $50,000 in equity-free funding if you apply.
- With a personalized created curriculum and direct links to experts and mentors, you’ll get 6 months of accelerated assistance to help you enhance your abilities and solve any gaps in your company.
- WFP’s broad network of public, business, and government partners will be available to you for networking and exposure.
WFP IGNITE Food Systems Challenge in Rwanda Requirements
- In order to operate in Rwanda, your company must have a valid registration/certificate of incorporation.
- Have evidence of a revenue-generating company (total turnover in the case of cooperatives) with at least $5,000 USD in income for the 2020-21 fiscal year;
- At least three full-time individuals, including the founding team, must be devoted to the SME/cooperative.
- A minimum of 50% of your founding and/or senior management team must be Rwandan or East African;
- The organization must have significant activities in Rwanda.
- Women-led businesses and/or companies who have made concrete steps to promote women in their supply chain are strongly encouraged to apply.
They will select based on the following criteria:
- Level of innovation: the answer provides a novel solution to a food problem.
- Influence: The solution has a significant impact on food system strengthening.
- Financial viability: the firm has a well-defined business plan and is financially viable.
- Level of traction: the initiative has already gained momentum and made an effect.
- Scalability: The enterprise has a lot of room for growth.
- Team: The team has the correct mix of expertise and is committed to scaling the solution.
Application for WFP IGNITE Food Systems Challenge in Rwanda
To Apply, Click Here
For More Information: Visit this Page
Deadline: February 6, 2022
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