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Sani Ibrahim
Abubakar Tafawa Balewa,University
Agricultural economics and extension
100Level, Nigeria.
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African Development Bank (AfDB) is now accepting
applications from youth-led African businesses for its 2020
AgriPitch Competition. The deadline for the submission of
applications for AfDB AgriPitch Competition is 20th November,
2020.
The African Development Bank’s Youth Agripreneur AgriPitch
Competition and DealRoom connects expansion-ready, youth-
led African businesses with global investors (debt, equity and /
or grant).
The DealRoom focuses on youth-led agribusinesses under the
themes of nutrition and gender inclusivity. The goal of the
AgriPitch Competition and DealRoom is to promote innovation
and entrepreneurship in agriculture among youth in Africa and
to generate jobs, create wealth and improve livelihoods
through inclusive growth across the continent.
African companies that meet the criteria below are
encouraged to submit their deal information for review by the
Bank’s and Asoko Insight’s data teams. Qualified businesses
will be promoted through the Asoko portal to global investors
for matching. Interested investors can match with any deal by
registering their profile and selecting target deals.
AfDB AgriPitch Competition Eligibility.
This is suitable for:
Companies that are in one of following categories: Youth with
early stage Start-ups, Mature Start-ups, and Women
Empowered Businesses as per the African Development Bank
criteria are eligible to apply for the AgriPitch Competition and
Virtual Investor DealRoom
Sector of focus:
Agribusiness
Company meets the criteria for a category:
Start-ups: Must have a clearly defined prototype or proof of
concept and may or may not have had any products
introduced to the market.
Matured Start-ups: firms with existing market traction:
technology, product, service, etc., already on the market with
a clear investment ask and growth plan & strategy.
Women Empowered Businesses: In addition to the criteria for
a mature start-up, firms must have at least 51% share of
women ownership or founded by a woman.
AfDB AgriPitch Competition Benefits.
Shortlisted businesses will participate in a virtual AgriPitch
Competition from November 16-20, 2020, where winners will
be chosen based on different categories under consideration.
The African Development Bank will award shortlisted
businesses between US$10,000 and US$40,000 in the form of
grant capital (US$120,000 in total is committed).
The African Development Bank is a leading multilateral
development finance institution. The Bank has 81 member
countries and is headquartered in Abidjan, Côte d’Ivoire.
AfDB AgriPitch Competition Selection Criteria.
All applicants should consider this criteria carefully as they
build out their profile for submission:
Value Proposition and Innovation Rationale (30% weighting):
How creative is the idea or how creatively the idea solves a
problem related to ICT and agri-digitization?
Gender responsiveness
Addresses nutrition
Job creation potential
Competitive edge
Sustainability and Scalability (20% weighting):
Sound environmental management systems
Potential for scaling-up
Sufficient and qualified staff, including management
Business Feasibility & Traction (30% weighting):
Clear customer pain / need intensity and market size
Commercial and technical feasible with strong profit margins
Existing traction and customers (for matured start-ups)
Professionalism and Presentation of Business (5% weighting):
Structure and presentation of the business model
Ease of comprehension of the business
Strong writing / presentation skills
Investment Appeal (15% weighting):
Investment pull based on respective early start-up, matured
start-up, and all-star stage
How to Apply for AfDB AgriPitch Competition.
What you need to do to join:
Press “Submit Interest” and supply as much detail as you can.
Asoko Insight will contact you to verify certain information.
We may confirm everything is set or where you may be able to
improve your expression of interest.
We’ll let you know when your deal is published on the platform
and under consideration by investors and African Development
Bank.
Asoko or African Development Bank may then be in touch
following your match with an investor or shortlisting for the
AgriPitch Competition

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