fbpx
Edit Content

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

Innovation Accelerator

Are you a startup with an innovation that can end hunger? The World Food Programme is seeking applications for the WFP Innovation Accelerator. This is an opportunity to participate in the Cohort II of the Accelerator Programme and the window will close on 20th March 2020.

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

Basically, this opportunity is for startups and WFP employees with great innovations to end hunger. During the program, WFP will work with entrepreneurs, companies, and NGOs to build solutions that will disrupt hunger.

Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

The team is accelerating high-potential solutions to disrupt hunger worldwide. When you win, your innovation will get financial support, mentorship and access to WFP operations, partners and technical experts

Therefore, if you have innovations and ideas on how to end hunger, this is for you.

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

About the WFP Innovation Accelerator

It is part of WFP Innovation and Knowledge Management Division. It sources, supports and scales high-potential solutions to hunger worldwide. Also, it provides WFP staff, entrepreneurs, start-ups, companies and non-governmental organisations with access to funding, mentorship, hands-on support, and operations.

Currently, WPF is working in more than 80 countries, feeding people caught in conflict and disasters and laying the foundations for a better future. It is saving lives in emergencies and changing lives for millions through sustainable development.

Also, the team believes, that fighting against hunger is not just about building grand plans but by identifying and testing solutions in an agile way. Therefore, the Innovation Accelerator is a space where the world can find out what works and what doesn’t in addressing hunger. It is a place where we can be bold, and fail as well as succeed.

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

How The WFP Innovation Accelerator Works

Successful applicants will attend innovation Bootcamp. Next, there will be a pitch night, then a sprint programme.

The Bootcamp will hold in Munich Germany. There, selected teams will dive field-level challenges, ideate solutions and refine project plans. Also, participants will be introduced to cutting-edge innovation techniques, such as; human-centered design and lean start-up, creating viable business models, and the use cases for WFP and its beneficiaries.

Also, in the Bootcamp, there will be a pitch night. The pitch night is an opportunity for teams to share their solutions with an audience of investors and industry leaders who can help them bring their idea to scale.

Finally is the Sprint Program. Here, the teams are selected to participate in a 3-to-6-months programme. They will receive up to $100,000 in funding, field access, and hands-on support so they can test the solution’s impact and scalability for WFP.

To support implementation, the accelerator helps teams connect with a global network of mentors, including the private sector and non-profit experts, donors and WFP Country Offices.

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

Eligibility

The opportunity is for startups and employees.

Go from idea to starting your business in 30 days
Go from idea to starting your business in 30 days

For Startups

Your start-up must have been incorporated at the time of application. It can be for-profit or not-for-profit. Your innovation must at least be at the Minimum Viable Product (MVP) stage. Also, proof-of-concept and initial traction are preferred. Moreso, your solution should be financially viable. Then, your proposal must show how working with WFP will serve your long-term strategy.

For WFP Employee

Your team must have evidence of the Country Office support and management buy-in. You are encouraged to apply, regardless of your contract type or function.

In addition, WFP accepts project applications from WFP employees who are collaborating with NGOs, government or private sectors.

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

Benefits

If you scale through the processes, you will have access to the following;

Funding – Successful applicants will receive up to $100,000 in equity-free funding, with further funding dependent upon progress and measurable achievement of key targets.

Access to WFP operations – Successful teams will work with WFP units to further develop and refine their solutions.

Hands-on support – You’ll have the chance to work with technical industry mentors who will provide guidance and accelerate your progress.

Networking- Teams will be able to tap into and leverage WFP’s strong network of public, private and government partners to accelerate 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 according to a standard set of criteria and reviewed by both WFP and external experts.

The criteria prioritize projects that are designed alongside its core users – vulnerable communities. Projects must show initial traction and market validation to ensure impact and maximize cost-effectiveness.

Therefore, preference will be given to innovations that address the following;

  • Impact for the people served and the potential to reach Zero Hunger
  • Feasibility, including the time to deliver impact, technology maturity, and user traction
  • Level of innovation
  • Financial sustainability with a clear business case that does not rely on WFP funding
  • Team strength, experience, and commitment.

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

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

To get more information, click here.

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

Share:

Facebook
Twitter
LinkedIn

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join Entrepreneurs Family

No spam, only business insights and tips. 

Entrepreneurs Sign Up

Business Registration

Most Popular

Join Entrepreneurs Family

No spam, only business insights and tips. 

Entrepreneurs Sign Up

Related Posts

How to build lasting relationships with customers

How To Build Lasting Relationships With Customers

Business sustainability is heavily hinged on building longstanding relationships with clients. How do you build lasting relationships with customers? This can be achieved by upselling and cross-selling. Given the competitiveness of business, new customer acquisition can be tough, so repeat business from already paying customers should be the goal. The

How to build a strong personal brand

4 Awesome Ways to Build a Strong Personal Brand

To build a strong personal brand, you have to be intentional. A personal brand is the unique combination of skills, experiences, and personality that you want the world to see. It’s the telling of your story, and how it reflects your conduct, behaviour, spoken and unspoken words, and attitudes. In

How to grow a side hustle

How to Grow Your Side Hustle Into a Successful Business

Many people start side hustles to earn extra income. But what if your side hustle could become your main source of income? Growing a side hustle is a skill. Do you have what it takes to grow a side hustle? If you don’t, we got you. Transforming your side hustle

Best sales books for entrepreneurs

Best Sales Books for Entrepreneurs and Business Owners

One effective way to stay ahead of the competition is by updating your knowledge in sales. There are a lot of sales books tailored to entrepreneurs. In this article, we will look at the best sales books for entrepreneurs. These books provide valuable strategies that can significantly impact business growth.

Scroll to Top

Join Entrepreneurs Family!

Get access to FREE business insights and funding opportunities daily.

Entrepreneurs Sign Up