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Apply for The 2015 WAFM Challenge Fund

OPPORTUNITY OFFERED: Idea/Business Plan Contest
BRIEF DESCRIPTION:  The Challenge Fund aims to invest in business models that will strengthen national and regional trade for targeted staple foods: maize, millet, sorghum and cassava. Businesses or companies are invited to bid based on rules that are set and publicized.
The WAFM Challenge Fund seeks to fund companies that stimulate cross-border trade in
staplefoods through core business activity. Alongside the overall criteria, WAFM is looking to fund business models in Round 2 that aim to achieve one or more of the following objectives:
  • Increase processing and supply chain capacity in collaboration with smallholders
  • Increase trading capacity in collaboration with smallholders
  • Support the application of ICT interventions that address supply chain concerns
  • Increase warehousing capacity across all countries with inventory credit/warehouse receipts
WHO IS ELIGIBLE? The eligibility check is carried out based on the following five (05) criteria listed and discussed in the manual, with specific assigned weights:
  • The applicant must be a for-profit-company.
  • The project must focus on activities that directly or indirectly stimulate cross-border trade of staplefood commodities.
  • The project must be working in the target staple foods value chains (maize, sorghum, millet and cassava).
  • The grant amount requested must be between GBP 100,000 and GBP 1m.
  • There is a requirement of co-financing of at least the same amount by the applicant.
  • The applicant will have to meet all eligibility criteria. Ineligible applications are declined and a feedback letter sent to the applicant. Limited comments will be provided to unsuccessful applicants and they may be requested to contact the PMU where they require additional information.

RULES AND REGULATIONS: Full rules and regulations can be found here
HOW TO APPLY: Start your application here

DEADLINE: November 27, 2015
Click here for more information.

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