Encouraged young entrepreneurs to participate in “Food Frontier 2.0”

Young entrepreneurs are invited to submit to Food Frontiers 2.0, a revolutionary challenge to ensure the supply and consumption of nutritious and safe food for people, especially low-income people at the bottom of the pyramid. said a press release on Sunday. .

The initiative was taken by the Scaling Up Nutrition (SUN) business network, jointly convened by the Global Alliance for Improved Nutrition (GAIN), an international organization based in Switzerland, and the World Food Program (WFP).

Food Frontiers is an innovative challenge for up-and-coming young entrepreneurs to bring about disruptive change in the food system. Food Frontiers is an innovative challenge to find creative business concepts, affordable and scalable technology solutions, and campaign ideas that help bring food and nutrition to the underprivileged at the bottom of the food pyramid. Interested parties are requested to submit their submissions online via the web link (https://foodfrontiers.live/).

The purpose of this challenge is to identify new and innovative ways to provide nutritious foods to low-income consumers. Build the capacity of young entrepreneurs on sustainable food system approaches and business skills to manage social enterprises. The main objective of this challenge is to support innovative business models and technology-based solutions that can be implemented to increase access to nutritious food.

It further said the release aims to co-design business models aimed at improving nutritional outcomes in food systems, especially for the most vulnerable. Building a potential investment pipeline for disruptive and innovative ideas for Bangladesh’s food system.

After reviewing submissions, a shortlist is created as an initial selection by a panel of judges from diverse entrepreneurship and academia. Selected business/idea representatives will attend her 3-day Residential Boot His Camp session in the capital as part of investment readiness training and business expansion.

Entries for the competition are now open and the final submission date is January 15, 2023.

Seven winners (two each from three categories), including one International Nutrition Olympiad (INO) reserved award, will receive cash and pre-seed funding for business plan implementation, business expansion and infrastructure development increase.

The first category is a comprehensive business model for reaching low-income consumers. Submissions from early-stage social enterprises/startups establish comprehensive business models for delivering nutritious food to low-income consumers at reasonable costs under this theme area .

The second thematic area is disruptive innovation. This thematic area invites proposals from technologically advanced companies, such as improving traceability, reducing food waste, or devising methods for regenerative agriculture.

The third thematic area is innovative marketing campaigns. Individuals and businesses need to make nutritious food more exciting and stimulate demand for nutritious food produced by sustainable production systems. Existing campaigns/ideas should target low-income groups.

Bangladesh National Small and Medium Enterprise Association and Bangladesh Agricultural University are strategic partners for this event.

For the latest information, interested parties can visit our Facebook page https://www.facebook.com/foodfrontier2.0.