Africa Enterprise Challenge Fund, Research into Business Competition

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Going around the internet i came a cross this new funding competition. Apparently The Africa Enterprise Challenge Fund (AECF) will provide grants of upto US$1.5 million to private sector companies to support agribusiness ideas in Africa.? It is specifically about business innovation based on Agricultural research.? If your company has a great business idea in this field, then you have a chance to compete for the fund.

According to AECF website the following are how the Challenge Fund different

  • It focuses exclusively on supporting the private sector
  • It is able to support cross-border, regional and pan-continental projects, as well as national ones.
  • It leverages private sector and donor money to help fund successful projects and enterprises
  • It is structured and governed along private sector principles with strong and sustained business engagement to ensure a flexible, responsive, results-orientated approach that the private sector can understand
  • It is focused on funding practical projects that are both commercially viable and will have a broad developmental impact on the rural poor
  • It is based in, and run from, Africa.
  • It provides an open and transparent “competition” for donor funds

Apply at or [email protected] . The closing date for the applications is 17th May 2010

What is your opinion on the topic?
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