Young entrepreneurs invited to Food Frontiers 2.0

Young entrepreneurs are invited to submit to “Food Frontiers 2.0”, an innovation challenge to ensure the supply and consumption of nutritious and safe food for people, especially those at the bottom of the pyramid on low incomes.

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), took the lead jointly, Monday.

Food Frontiers is an innovative challenge for up-and-coming young entrepreneurs to bring about disruptive change in the food system.

Food Frontiers is also an innovative challenge to find creative business concepts, affordable and scalable technical solutions, and campaign ideas to help bring food and nutrition to the underprivileged at the bottom of the food pyramid. There is also.

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 aim is to support innovative business models and technology-based solutions that can be implemented to increase access to nutritious food.

In addition, it aimed to co-design business models aimed at improving the nutritional outcomes of food systems, especially for the most vulnerable. Building a potential investment pipeline for disruptive and innovative ideas for Bangladesh’s food system read the press release.

Shortlists are created after scrutinizing the entries for the first round of selection by a panel of judges from diverse entrepreneurship and academia.

Selected business or idea representatives will attend a three-day residential boot camp session in the capital as part of investment readiness training and business expansion.

The application process for the competition has already started and the final submission date is January 15, 2023.

However, it seems that the submission deadline may be extended due to the high volume of responses from applicants.

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

The first category is a comprehensive business model for reaching low-income consumers.

Submissions from early-stage social enterprises or start-ups 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.

Interested parties are requested to submit their submissions online via the web link (https://foodfrontiers.live/).

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