Scaling Up Nutrition (SUN) Business Network which, co-convened by Switzerland-based international organisation Global Alliance for Improved Nutrition (GAIN) and the UN World Food Programme (WFP) have launched an innovation challenge for young entrepreneurs to ensure the supply and consumption of nutritious and safe food for lower-income groups.
Food Frontiers 2.0 wants to find creative business concepts, inexpensive and scalable technical solutions, and campaign ideas to identify new and innovative ways to reach lower-income consumers with nutritious food products.
The application window for the innovation challenge already opened and will close on January 15.
A shortlist will be made after scrutinising the submissions received in the first round of selection.
Representatives from the selected businesses or ideas will attend a three-day residential boot camp session in the capital as part of investment readiness training and business expansion.
Seven winners (two each from three categories), including one reserved prize for the International Nutrition Olympiad, will get cash and pre-seed funding for implementing a business plan, expansion of the business, and infrastructure development.
Food Frontiers 2.0 wants to build the capacity of young entrepreneurs on sustainable food system approaches and business skills for managing a social enterprise.
Also, it aims to co-design business models that are geared towards improving the nutrition outcome of the food system, particularly for the most vulnerable; building a pipeline of potential investments for disruptive innovative ideas for the food system of Bangladesh.
The National Association of Small and Cottage Industries of Bangladesh and the Bangladesh Agricultural University are the strategic partners of this event.
Source: United News of Bangladesh