Support from FRP will include grants ranging from US$ 500,000 to US$ 2,500,000, disbursed over a 3-year period, based on the applicant's development stage, scalability, and business model, in accordance with agreed periodic milestone targets. Funding structure will be determined on a case-by-case basis after evaluating proposals and organizations. Additional support to successful applicants will include tailored technical assistance in alignment with FRP objectives over the 3 year period.
While broadly interested in any agribusiness opportunity that is capable of work creation opportunities for young women and men, those working in these or other parts of the agriculture value chain are encouraged to apply:
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Applicants will be requested to also state and describe if they have integrated climate adaptation, climate mitigation or digital aspects to their projects.
To be eligible to apply, an SME must:
Applications in the Agribusiness Challenge Fund will be selected based on the following criteria:
Project description and objective |
Alignment with Fund for Resilience and Prosperity priorities |
Project Impact |
Financing plan/Matching Funds |
Team structure |
Additionality |
Below are important dates and deadlines for the Agribusiness Challenge Fund.
Agribusiness Challenge Fund periods | Dates |
Pre-registration for SMEs: Pre-registration for SMEs interested to do so is possible before the challenge launches. | 04/03/2024 - 15/03/2024 |
Agribusiness Challenge Fund launch: The rolling call for proposals launches on this date. Pre-registered or newly registered SMEs on the platform have access to the online application form. | 18/03/2024 |
Harvest 1: The first collection of submitted applications for assessment will occur on this date, approximately 12 weeks after the opening date of the challenge. | 07/06/2024 |
Harvest 2: The second collection of submitted applications for assessment will occur on this date, approximately 12 weeks after the first harvest. | 30/08/2024 |
Harvest 3: The third collection of submitted applications for assessment will occur on this date, approximately 12 weeks after the second harvest. | 22/11/2024 |
Challenge closes after Harvest 3 | 22/11/2024 |