EBRD launches competition for Tunisian Startups
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Loading... - Penelope Reynolds
- 09 Feb 2023
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The European Bank for Reconstruction and Development (EBRD) has launched the EBRD AgVenture competition , inviting all countries in which it invests to apply, with the aim of supporting innovative start-up agribusinesses.
EBRD AgVenture aims to address key issues facing food systems, such as food security, climate change, inclusion of target groups and small businesses in global value chains.
The most pressing global challenge is food security, as the world's population is projected to increase from around 7 billion in 2012 to 9.6 billion in 2050. In addition, climate change has negative repercussions on all activities in the food chain, in particular the rise in temperatures, which continues to amplify water stress in agricultural areas.
The EBRD seeks to address some of these issues by promoting the development of innovative technologies, products and services, and to make food production more sustainable, efficient and inclusive.
The winning start-ups will benefit from personalized support in the form of advice, worth up to €80,000, via the EBRD's Star Venture programme , and a grant of €10,000 for additional services, as well as opportunities to network and gain visibility at international forums.
Current and potential EBRD clients will also be encouraged to take a more active role in the start-up sector by supporting advanced technologies or providing financing, including venture capital.
The competition was launched during an online event aimed at connecting investors and potential participants, which allowed speakers to clarify what they want from start-ups specializing in food and agricultural technologies. Noga Sela-Shalev, CEO of foodtech incubator Fresh Start, attended the event, which featured the following speakers: Jan Kobler, Managing Partner at South Central Ventures; Robin Saluoks, CEO of eAgronom; and Micol Chiesa Churchill, partner and head of climate science at Planet Fund. Read More…
