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12 months of nurturing great business ideas. Brussels Presentation. AECF at age ‘One’. The AECF – What it is 1 st Year Performance AECF Portfolio at June 2009 Impact Forecast. AECF – what it is. Aim: pro-poor growth by making rural market systems work for poor.
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12 months of nurturing great business ideas Brussels Presentation
AECF at age ‘One’ • The AECF – What it is • 1st Year Performance • AECF Portfolio at June 2009 • Impact Forecast
AECF – what it is • Aim: pro-poor growth by making rural market systems work for poor. • Challenge Fund: competitions for new business ideas that have large development impact – best bids win • Eligibility criteria: Private sector, matching funds, agribusiness and financial services, in Africa
AECF – what it is • Selection criteria: Capacity, innovation, additionality, commercial viability, development impact and potential for systemic impact on market systems • Investment size: US$250,000 to US$1.5m • Products: Grants and interest free loans
AECF Performance AWARDED GRANTS BUSINESS PLANS SHORTLISTED FOR IC CONCEPT NOTES SUBMITTED REGISTERED COMPANIES 3 Rounds completed 5 June 2008 to 12 June 2009 FIRST YEAR PERFORMANCE
The road ahead • Specialization into windows: • Zimbabwe window (Additionality, risks) • Research into Business window (innovation) • CAADP Pillar II window (systemic change) • Value Chains/corridors; bigger “Anchor Firms” and SME’s and outgrowers.
AECF contact information Visit our website: www.aecfafrica.org Contact us by email: info@aecfafrica.org