This video was produced as support material for infoDev’s Agribusiness Incubation Good Practice Assessment, a branch of our program Creating Sustainable Businesses in the Knowledge Economy (CSBKE), with the financial support of the Ministry for Foreign Affairs of Finland.
To download the PDF of the report, visithttp://www.infodev.org/en/Publication
Growing Food, Products and Businesses
Applying Business Incubation to Agribusiness SMEsAgribusiness incubation is presented as one approach that can contribute to commercialization and modernization of agriculture, as well as the promotion of a competitive indigenous agribusiness industry.
Other approaches include (i) strengthening farmer organizations, (ii) investing in large-scale agribusiness, and (iii) value chain development. Within this spectrum of complementary options,agribusiness incubation specifically aims to facilitate new, indigenous, firm entry by nurturing early-stage innovative enterprises. The goal of the report is to demonstrate that new business models can operate profitably and have a catalytic effect in the sector. Incubation is a very targeted approach, selective in nature, offering growth-oriented entrepreneurs a combination of tailored services.
In the framework of the study, different agribusiness incubator types/models have been explored in the context of real-life examples. The report features 3 types of agribusiness incubators including (i)agribusiness sector/value chain incubators; (ii) agricultural research commercialization incubators; and (iii) technology transfer incubators. Within each type, there are significant differences in terms of forms of public-private partnerships, affiliations, target clients, business models, and organizational design.
infoDev’s Global Forum on Innovation and Entrepreneurship is a biennial flagship event convening the global innovation and entrepreneurship community to exchange know-how, establish partnerships and develop innovative approaches. infoDev is a global partnership program in the World Bank Group. Its mission is to enable innovative entrepreneurship for sustainable, inclusive growth and employment in developing countries.
The Forum attracted around 500 business incubator managers, policy-makers, SME entrepreneurs, financiers and development agencies from all continents for a unique south-south and north-south networking and knowledge-sharing experience. The Global Forum contributed to the “know-how” and the “know-who” in the global innovation and entrepreneurship community. Participants came to the event to be exposed to new business models, ideas and methodologies, as well as to meet people with similar interests in other countries and other industries and to explore partnerships and capacity-building opportunities.