One of the components of ENTAG focuses on innovation funding with a grant budget of € 0.8 million. The objective of the fund is to promote innovations in various agricultural sub-sectors in Ethiopia that benefit smallholder farmers. The fund, which has been operational since September 2016, provides matching funds for innovative projects, with a maximum grant amount of € 25,000 each. Projects that take place in the poultry, aquaculture, legumes, spices, sesame, potato and dairy subsectors are eligible for co-funding.
The first-round innovation fund accepted a total of 136 applicants, out of which 15 projects have been selected for funding. All applicants and selected grantees in this fund are Ethiopian companies working on the eligible sub-sectors. Each beneficiary is required to make matching cash and in-kind contributions equal to or more than the grant fund he/she receives. At least 20 % of the contribution is made in cash.
In this newsletter please find winners of the first innovation fund in six priority sub-sectors of the fund.