Application Deadline: 31 March 2023 at 11:59 pm(CAT)
The United Nations World Food Programme (WFP) and Impact Hub Kigali (IHK), with the support of USAID Bureau of Humanitarian Affairs (BHA) and the Danish Ministry of Foreign Affairs, are looking for solutions in Rwanda that address food insecurity through strengthening food systems. The IGNITE Food Systems Challenge supports the scaling of innovative Startups, MSMEs, and cooperatives with commercially viable solutions to address gaps in the food system. Each selected venture will receive up to $30,000 in grant funding & 4 months curated technical support to address business gaps.
Eligibility Criteria
- Your entity must possess a valid registration/certificate of incorporation for operating in Rwanda and at least 1 year of operation
- Have proof of a revenue-generating business (total turnover in the case of cooperatives) of at least the equivalent of USD 5,000 for the full year of 2022
- Be a team of at least three full-time members dedicated to the MSME/cooperative, including the founding team
- At least 50% of your founding and/or senior management team must be from Rwanda/East Africa
- The entity must have existing key operations in Rwanda
Benefits
Selected ventures will have access to the following benefits that will support them to implement their locally-driven solutions that strengthen food systems.
- Funding: Up to $30,000 in equity-free funding per venture
- Acceleration support: 4 months of curated technical support to strengthen your skills and address business gaps. Receive a tailored curriculum and connect directly with experts and mentors
- Networking and exposure: connections to potential investors and leverage WFP’s strong network of public, private, and government partners
Evaluation Criteria
The evaluation process for the IGNITE Food Systems Challenge (Second Edition) will be based on the following criteria:
- Level of innovation: The solution solves a food challenge in an innovative way
- Impact: the solution has a strong impact on strengthening food systems
- Financial sustainability: the venture has a clear business model and is financially sustainable
- Level of traction: the venture shows traction and demonstrates impact already
- Scalability: the venture has a strong potential to be scaled up
- Team: The team combines the right experience and demonstrates commitment to scale the solution
For More Information:
Visit the Official Webpage of the 2023 WFP IGNITE Food Systems Challenge Rwanda
