English
FrançaisI&P Acceleration FARM
I&P implements I&P Acceleration FARM, an acceleration program dedicated to financing and supporting small and medium-sized agricultural businesses.
Overview
Deployed over a period of 5 years, I&P Acceleration FARM aims to finance and support around thirty start-ups and small and medium-sized companies operating in the agricultural value chain to reduce the food crisis.
The program covers 6 target countries (Cameroon, Côte d'Ivoire, Guinea, Kenya, Senegal and Uganda).
The program in details
I&P Acceleration FARM has two complementary components to accelerate the development of businesses in the agricultural sector:
Seed Funding
Seed funding of between €10,000 and €100,000 in the form of repayable advances, unsecured and interest-free.
Technical Assistance
Strategic support and capacity building through strategic support, training, expert missions provided by I&P teams and external resources.
Target companies
I&P Acceleration FARM is based on 5 eligibility criteria:
⇒ A company with an annual revenue of less than €500,000
⇒ The company must be registered in one of the 6 intervention countries (Cameroon, Côte d'Ivoire, Guinea, Kenya, Senegal, Uganda).
⇒ The company must be run by men and women working full-time on their business and wishing to collaborate with a group of investors.
⇒ The company must operate in the sectors of agricultural product processing, primary agriculture, livestock farming, fish farming and/or services linked to the agricultural sector (input distribution, training, logistics, equipment sales, market access, agritech, etc.).
⇒ The company must be committed to maximizing its positive impacts (social and/or environmental), through its activities and/or the improvement of its practices.
⇒ Particular attention is paid to projects in rural areas.
The sponsor: Proparco
The program is funded with €4 million by Proparco, a subsidiary of the Agence Française de Développement Group dedicated to the private sector.
I&P Acceleration FARM is involved in the Mission for Food and Agricultural Resilience (FARM), an initiative launched in 2022 by the President of the French Republic, in conjunction with the European Union, the G7 and the African Union, to respond to the food crisis in the most vulnerable countries by facilitating the supply and trade of raw materials (cereals) and by developing sustainable agricultural production capacity, particularly in Africa.
I&P Acceleration FARM is deployed locally by I&P's network of partner investment teams, which finance and support small and medium-sized enterprises with high growth potential whose financing needs are between FCFA 6.5 million and FCFA 65 million. Five partner teams are implementing the program in West, Central and East Africa: Comoé Capital in Côte d'Ivoire, Fako Capital in Cameroon, Inua Capital in Uganda, Teranga Capital in Senegal and Gola Capital in Guinea.
