Swisscontact & CURAD National Agribusiness Innovation Challenge
Both CURAD and Swisscontact acknowledge the vital importance and positive contribution entrepreneurship makes towards economic and social development. However, most of the upcoming young entrepreneurs are pursuing similar ideas or enterprises with limited innovation and creativity. Little attention is given to systematic product development processes and as a result, the returns on investment have remained very low, affecting the growth of the enterprise and impacting any potential social or economic benefits. Swisscontact and CURAD are in partnership to stimulate creativity and innovations; up-scaling among youth business start-ups and agribusiness SMEs.
The development of youth entrepreneurial abilities will lead to sustained economic growth and employment creation.
The Innovation Challenge Fund
The Innovation Challenge Fund aims to lead young agribusiness entrepreneurs on a path to discovery, growth and development. The Challenge Fund focuses on stimulating innovation, competitiveness and creativity among young entrepreneurs to generate unique but realistic business ideas, as well as strengthen and promote existing enterprises with high social and economic benefits. Through this, Swisscontact and CURAD are contributing to a more vibrant and job-creating agricultural economy. One unique aspect about the fund is that the award will support young entrepreneurs who already have technical, business and financial literacy skills to foster business growth. The fund will also encourage peer-to-peer mentoring by successful young entrepreneurs and participation of youth in the selection process.