Categories
AgTech Incubation

FCMB Agritech EPIC PITCH 2020 edition with ₦1.5M Grant

Nigeria’s First City Monument Bank (FCMB) has partnered with Passion Incubator, a Lagos-based early-stage incubator and accelerator to launch the FCMB Agritech EPIC Pitch 2020 themed “Redefining and repositioning agricultural value chains during and post the COVID-19 era”. Entries are invited up to JULY 24 from agri-tech start-ups with innovative breakthrough technologies.

The program is focused on the following agricultural value chain solutions:

  1. Processing/Production/Storage
  2. Agricultural Finance
  3. Agricultural Marketing
  4. Supply chain

“This initiative is geared towards building and accelerating the growth of the Agritech Startups in Africa and also helps young and self-driven Nigerian entrepreneurs grow their business. This mission would eventually build investible, sustainable and scalable businesses that can contribute to the nation’s employment rate as well as the growth of the nation’s GDP.”

The virtual program will support Agritech businesses in Africa with seed investment, access to workspace, market & network that stimulates innovation, collaboration and business growth. Two Agritech startups will be selected for ₦1.5M Grant (approx. US$4,000), mentoring and fast-introductions to the network.

Entrepreneurs in the Agritech space should apply before the July 24th deadline. For inquiries, reach out to the programs Team on 07061006794 or send a mail to programs@passionincubator.ng

The organisers of FCMB Agritech EPIC Pitch 2020 are:

First City Monument Bank (FCMB) Limited, is one of the leading financial services institutions in Nigeria with subsidiaries that are market leaders in their respective segments. FCMB was licensed in 1982, becoming the first local bank in Nigeria to be established without government support.

Passion Incubator is a technology incubator and accelerator with expertise in innovation program design and tech investments. It’s long-term goal is to be the most prolific supporter of impactful innovation development, startup incubation and seed stage investment.

Categories
Agriculture Policy

Bounce back plan for food and agriculture industry launched in UK

The measures introduced today will support producers, manufacturers and agri-tech companies across the food supply chain, from farm to fork. The new strategic interventions jointly announced by the Department for International Trade (DIT) and Department for Environment, Food and Rural Affairs (Defra) will offer immediate support to help businesses in the industry grow their trade activity overseas.

The agriculture, food and drink industry is the UK’s largest manufacturing industry and plays a vital role in the UK’s food supply chain, which contributed £121 billion to the UK economy in 2018 – supporting around 4 million jobs. In 2019, UK food, feed and drink exports were worth £23.7bn – up 4.9% from 2018.

The full range of measures announced today include:

  1. Launch of a GREAT DIT Food & Drink Exporting Masterclass, an extensive and bespoke programme of webinars to be produced in conjunction with trade associations, UK regions, including Devolved Administrations, and DIT’s international network, all supported by DIT’s Export Specialists.
  2. Launch of Food & Drink SME E-commerce Accelerator Pilot to leverage DIT’s E-exporting Programme to increase the level of international e-commerce support for food and drink SMEs, including agri-tech. This will include the offer of one-to-one e-commerce export clinics with the programme’s e-commerce specialists and regional advisers, a new series of industry webinars and podcasts focussed on highlighting the opportunities available to export through e-marketplaces internationally, as well as virtual workshops on internationalising their websites for those companies selling direct to consumers in various markets around the world.
  3. Promote 50 Food and Drink Export Champions to stimulate aspiring exporters, while utilising International Trade Advisor specialist networks focused on agri-food.
  4. Announce the first Defra Agri-food Counsellor serving the UAE and wider Gulf Region, with the role focussing on supporting our food and drink sector and representing the interests of UK businesses already exporting to the area, as well as those looking to export for the first time. The new Defra-funded Regional Agri-Food Counsellor will be based in Dubai and will work alongside DIT’s existing sector leads in the UAE, providing specialist knowledge and engagement in Government to Government discussions on behalf of UK interests and sectors. She will also support food and drink promotion activity at the UK pavilion at World Expo in 2021, identifying opportunities for new markets and further developing existing export relationships.
  5. Launch of a programme of physical and virtual events, using innovative, interactive software to connect buyers, promote the UK and reach international markets. This will include: an overseas virtual buyer trial working directly with chosen US buyers through a virtual delivery programme; and developing a UK ‘Smart Distance Selling Process’, which includes the dispatch of food and drink samples to buyers.
  6. Leveraging Defra’s Food is GREAT campaign, which will extend into the UAE and the EU later this year, to provide impactful and targeted activity in priority export markets, such as USA, China and Japan. This also will be complemented by new agri-food creative imagery within DIT’s GREAT Ready to Trade campaign when this resumes in the summer, under the Food is GREAT and Invest in GREAT pillars.
  7. Two Virtual Investor Roundtables chaired by Lord Grimstone, Minister for Investment, with agri-food and drink, and agri-tech companies to inform the development of the UK’s investment strategy, the UK Agri-Tech International Strategy and the launch of Phase 2 of the High Potential Opportunity Programme.
  8. Uplift of UK Export Finance’s “Exporters’ Edge” campaign to further outreach and engagement to identify and respond to the needs of the industry and raise awareness of how UKEF and Trade Finance can help the businesses win and fulfil export contracts. UKEF is also accelerating the development of its products to allow a wider range of UK exporters to access its support. Its enhanced offer will provide easier access to working capital for UK exporters by offering financing that is not tied to specific export contracts but instead supports general business activities.

Read more at GOV.UK

Categories
Intellectual Property Rights

GI tag for Manipur black rice, ‘Chakhao’

Chakhao, a scented glutinous rice which has been in cultivation in Manipur over centuries, is characterised by its special aroma. Chakhao has also been used by traditional medical practitioners as part of traditional medicine. GI has great potential to play a major role in trade and there is a possibility of preserving many traditional skills.

As defined by WIPO, a geographical indication (GI) is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. A study published by the European Commission concluded that the sales value of a product with a protected name is on average double that for similar products without a certification.

The application for Chakhao was filed by the Consortium of Producers of Chakhao (Black Rice), Manipur and was facilitated by the Department of Agriculture, Government of Manipur and the North Eastern Regional Agricultural Marketing Corporation Limited.

Read more at NorthEast Now