Apply For The World Food Programme, WFP Innovation Accelerator Cohort II

Spread the love

Are you a startup with an innovation that may finish starvation? The World Food Programme is in search of functions for the WFP Innovation Accelerator. This is a chance to take part within the Cohort II of the Accelerator Programme and the window will shut on 20th March 2020.

See Also: Tech Ecosystem Tour Day 1 – Lagos State Government Visits ReDahlia Workspaces

Basically, this chance is for startups and WFP staff with nice improvements to finish starvation. During this system, WFP will work with entrepreneurs, corporations, and NGOs to construct options that may disrupt starvation.

The staff is accelerating high-potential options to disrupt starvation worldwide. When you win, your innovation will get financial support, mentorship and entry to WFP operations, companions and technical specialists

Therefore, if in case you have improvements and ideas on how one can finish starvation, that is for you.

See Also: Connect Nigeria Set To Empower Over 1 Million Businesses In Nigeria

About the
WFP Innovation Accelerator

It is a part of WFP Innovation and Knowledge Management Division. It sources, helps and scales high-potential options to starvation worldwide. Also, it offers WFP workers, entrepreneurs, start-ups, corporations and non-governmental organisations with entry to funding, mentorship, hands-on assist, and operations.

Currently,
WPF is working in additional than 80 international locations, feeding folks caught in battle and
disasters and laying the foundations for a greater future. It is saving lives in
emergencies and altering lives for tens of millions by way of sustainable improvement.

Also, the staff believes, that preventing in opposition to starvation isn’t just about constructing grand plans however by figuring out and testing options in an agile means. Therefore, the Innovation Accelerator is an area the place the world can discover out what works and what doesn’t in addressing starvation. It is a spot the place we might be daring, and fail in addition to succeed.

See Also: United Nations Young Champions Of The Earth 2020 Application Is Ongoing – Apply Now

How The WFP Innovation Accelerator Works

Successful candidates will attend innovation Bootcamp. Next, there can be a pitch night time, then a dash programme.

The Bootcamp will maintain in Munich Germany. There, chosen groups will dive field-level challenges, ideate options and refine challenge plans. Also, members can be launched to cutting-edge innovation methods, similar to; human-centered design and lean start-up, creating viable business models, and the use circumstances for WFP and its beneficiaries.

Also, within the Bootcamp, there can be a pitch night time. The pitch night time is a chance for groups to share their options with an viewers of traders and business leaders who will help them carry their thought to scale.

Finally is the Sprint Program. Here, the groups are chosen to take part in a Three-to-6-months programme. They will obtain as much as $100,000 in funding, area entry, and hands-on assist to allow them to check the answer’s affect and scalability for WFP.

To assist implementation, the accelerator helps groups join with a world community of mentors, together with the personal sector and non-profit specialists, donors and WFP Country Offices.

See Also: The Perfect Business Pitch – Tips On Delivering A Perfect Business Pitch

Eligibility

The alternative is for startups and staff.

For Startups

Your start-up will need to have been integrated on the time of utility. It might be for-profit or not-for-profit. Your innovation should a minimum of be on the Minimum Viable Product (MVP) stage. Also, proof-of-concept and preliminary traction are most popular. Moreso, your answer ought to be financially viable. Then, your proposal should present how working with WFP will serve your long-term technique.

For WFP Employee

Your staff will need to have proof of the Country Office assist and administration buy-in. You are inspired to use, no matter your contract kind or operate.

In addition, WFP accepts challenge functions from WFP staff who’re collaborating with NGOs, authorities or personal sectors.

See Also: Apply For The IDEX Fellowship Program 2020 For Young Social Intrapreneurs Across The Globe

Benefits

If you scale by way of the processes, you’ll have entry to the next;

Funding – Successful candidates will obtain as much as $100,000 in equity-free funding, with additional funding dependent upon progress and measurable achievement of key targets.

Access to
WFP operations – Successful groups will work with WFP items to additional develop
and refine their options.

Hands-on assist – You’ll have the possibility to work with technical business mentors who will present steerage and speed up your progress.

Networking- Teams will be capable to faucet into and leverage WFP’s robust community of public, personal and authorities companions to speed up implementation.

See Also: Apply Now For Africa4Future Aerospace Accelerator Program 2020 For African Startups

How Selections
are Made

Applications submitted to the WFP Innovation Accelerator are assessed in keeping with a regular set of standards and reviewed by each WFP and exterior specialists.

The standards prioritize initiatives which might be designed alongside its core customers – weak communities. Projects should present preliminary traction and market validation to make sure affect and maximize cost-effectiveness.

Therefore,
choice can be given to improvements that handle the next;

  • Impact for the folks served and the potential to succeed in Zero Hunger
  • Feasibility, together with the time to ship affect, expertise maturity, and person traction
  • Level of innovation
  • Financial sustainability with a transparent business case that doesn’t depend on WFP funding
  • Team power, expertise, and dedication.

See Also: Cheap Ways To Promote Your Business As An Entrepreneur

Please notice that the appliance for Cohort II closes on the 20th of March 2020. The innovation camp holds from 22 – 26 June 2020, and the pitch night time holds June 25, 2020.

To get extra data, click on here.

Dear entrepreneur, do not limit your horizon, tell your story today on Entrepreneurs.ng. We’re a call away.

The submit Apply For The World Food Programme, WFP Innovation Accelerator Cohort II appeared first on Entrepreneurs In Nigeria.

Durodola Bolaji

A network marketer, entrepreneur and investor, I am happily married with kids. I reside in Ibadan and run a company in Northern side of Nigeria. I am currently earning passive income working from the comfort of my home using the Internet, email, and the telephone with an incredible sense of security and peace of mind. I've been earning a full-time income from home online since 2014, mostly within the network marketing and direct sales industry, and in recent years.

Leave a Reply