infoDev Captures G...

infoDev Captures Nepal's Growing Interest in Agribusiness

Entrepreneurs in developing countries face a number of challenges, including inadequate access to finance, lack of appropriate technology, poor business services, and limited professional networks. New, high-growth companies need a diverse array of financial and non-financial support services to improve productivity and scale.

Agribusiness BootCamp, April 23 - 28, 2017, in Kathmandu, Nepal

To help agri-entrepreneurs grow and reach their full potential, infoDev is organizing in Nepal a boot camp specifically designed to provide local companies with the knowledge and access to technical skills required to take their businesses to the next level.

Announced in February through a local outreach campaign, the initiative was received with remarkable interest: over 650 start-ups and companies from across the country submitted their application for the boot camp, exceeding original estimates by over 60%.

infoDev will utilize an innovative approach to select the top applicants. After a first screening, companies will go through a speed-dating exercise and a series of interviews with a panel of experts. The 25 top performing businesses — 20 established companies and the top five most promising start-ups — will be invited to participate in the agribusiness boot camp in Katmandu at the end of April. 

With world-class business experts and unique networking opportunities, the boot camp’s training curriculum will help "growth-oriented" businesses become "growth-ready" companies. Participating entrepreneurs will have the opportunity to network with peers and potential partners, as well as the chance to strengthen their technical knowledge in key business areas, such as supply chain management, value addition, marketing, and partnerships. 

After a final pitch, the 20 top performing companies graduating from the boot camp will receive further training through one-on-one mentoring sessions and will be invited to join infoDev’s new Agribusiness Innovation Center (AIC), launching in April 2017. The center will further increase the competitiveness and growth of these agro-processing enterprises by providing facilities, market research and linkages, early stage financing, business coaching, and technical training.

The agribusiness boot camp is organized by infoDev in partnership with Nepal Entrepreneurs’ Hub (NEHUB) and IFC’s Business Oxygen (BO2).

The event is part of the launch of the Nepal Agribusiness Innovation Center — an initiative promoted by the World Bank Group/infoDev, the Ministry of Agriculture Development through its Project for Agriculture Commercialization and Trade (PACT), and implementing partner Practical Action Consulting and Kathmandu University School Of Management, with support from the governments of Finland, Norway, and Sweden.

 


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