When I accepted the offer to work with Land O’Lakes
International Development Division, as a summer Enterprise Consultant, I
could’ve never imagined the impact I would have on a group of farmers turned
agriculture technology entrepreneurs, and more importantly, the impact that
these inventors would have on me.
Land O’Lakes is a recipient of an award from the US Agency
for International Development, USAID, to implement Innovations in Gender
Equality (IGE) to Promote Household Food Security. This is a two-year (Sep
2012-Sep 2014) program that aims to develop local capacity for building and
sustaining women’s empowerment in Tanzania’s agriculture and food security
arenas.
IGE, in conjunction with the Coalition for the Advancement
of Women in Agriculture in Tanzania (CAWAT) facilitated a series of
competitions entitled ‘Women’s Agricultural Innovations Awards’ (WAIA). These
competitions were designed to target locally designed innovative technologies
that address the needs of farmers, with an emphasis on the needs of women
farmers in Tanzania. As a result, 21 women-friendly agricultural technologies
were selected as sub awardees of these competitions.
The task was to travel to Tanzania for the summer to design
a business incubation curriculum for the sub awardees. I have worked with
start-ups in the past through previous employment and my current experience on
the Social Venture Fund, a student-led impact investment fund at the University
of Michigan’s Ross School of Business. However, I have never worked with
companies that are pre-revenue, and as early as the blueprinting phase of
business development.
Before traveling to Africa, as a true MBA student, I did my
due diligence. I talked to successful entrepreneurs, business incubators, and
researched key authorities of agriculture development in the region including
Feed the Future and ANDE. It was the initial consultations with different sub
awardees that directed my work the most. Below are some of the main insights that I
gathered while conducting my research:
- Many of the business development resources, from funding applications to mentorship opportunities were geared toward English speaking participants, which excludes a large segment of the Tanzanian population that only speak Swahili.
- All sub awardees that I came in contact with expressed a desire to gain access to financial resources. Many lacked the collateral needed to qualify for traditional loans and were looking for ways to raise, maintain, and save enough capital to run their business
- None of the sub awardees that I came in contact with viewed business as a 2-way conversation with customers. They were creating amazing products, but not consulting their customers to provide valuable feedback to make their technologies even better.
The curriculum I compiled provides a general framework for
starting a business including: Business Model Overview, Customer Discovery,
Marketing, Finance and Partnerships. There are 17 sessions that make-up 5 days
of training in total. I split the pilot trainings up into two workshops in Morogoro, Tanzania during the
months of June and July 2014. Even though the trainings are based off of highly
credible frameworks such as the Lean Start-up methodology, the curriculum has
been modified to relate to gender-specific, agriculture technologies in
developing nations. Some of the highlights of this training include:
- Rural Technology examples to relate to participants
- SWOT Analysis specific to Agricultural Technology Landscape
- Gender Specific questions & reference
- Speaker series session featured representation from a self-made local female entrepreneur & micro-finance consultant
- English & Swahili translated materials
- Market externalities specific to agriculture technology sector in developing nations to highlight reasons that farmers may not adapt technologies
Teaching the sub awardees about the business model canvas
Participants calculating the cost of their technology taking into consideration all factors including: labor, raw materials, equipment, overhead. One participant previously calculated costs to be 30% less than the actual value.
Handing a certificate of completion to one of the
participants at the conclusion of the training
As far as next steps, – The Land O’Lakes IDD Technical Team plans to submit a
proposal to ANDE’s 6th RFP for the Capacity Development Fund,
supported by the Lemelson Foundation and Goldman Sachs 10,000 Women. The goal
of the Capacity Development Fund is to increase the productivity and
effectiveness of ANDE members, as well as to encourage increased collaboration
between organizations, while creating tools and insights that can help the SGB
sector as a whole. Selected proposals are eligible for a grant up to 18months
and $50,000.
If selected,
Land O’Lakes plans to produce a guidebook and best practice report on
accelerating enterprises – specifically, technology/invention-based enterprises
in the agriculture sector in emerging markets. The business curriculum would be
included in the guidebook, with potential to influence the broader ANDE
community and industry as a whole.
How I Got My Loan From A Genuine And Reliable Loan Company
ReplyDeleteI am Mrs.Irene Query i was in need of a loan of S$70,000 and was scammed by those fraudulent lenders and a friend introduce me to Dr Purva Pius,and he lend me the loan without any stress,you can contact him at (urgentloan22@gmail.com) Approvals within 2-4 Hours
1. Name Of Applicant in Full:……..
2. Telephone Numbers:……….
3. Address and Location:…….
4. Amount in request………..
5. Repayment Period:………..
6. Purpose Of Loan………….
7. country…………………
8. phone…………………..
9. occupation………………
10.age/sex…………………
11.Monthly Income…………..
12.Email……………..
Regards.
Managements
Email Kindly Contact: urgentloan22@gmail.com