Ethiopian Agribusiness Acceleration Platform
Commercial agricultural enterprises essential to competitive value chains are largely missing in Ethiopia, particularly downstream in the value chain. Agribusinesses are underdeveloped primarily due to the absence of essential “building blocks” in the business ecosystem, such as access to financial services, reliable input supply, management and sector expertise, and markets.
To address this gap, the ATA established the Ethiopian Agribusiness Acceleration Platform (EAAP) in 2016. The EAAP is a demand-driven, value chain focused business accelerator that helps high-potential agribusinesses to scale. Designed based on best practices from successful agribusiness accelerators around the world, the EAAP will deploy and test the accelerator model in the Ethiopian context. The project will work with large domestic and export buyers to engage players across the value chain and coordinate buying relationships. In doing so, it will also identify and address company-specific and systemic challenges. The EAAP aims to build a high-quality, sustainable supply chain for partners across the value chain and create a market-driven, business-building model for participant entrepreneurs.
Initially, the EAAP will focus on the honey and beeswax value chain, due to its favorable value chain economics, comparative advantages, strong potential for multiplied economic and social impact, and a stable policy environment. The project will preliminarily operate out of Addis Ababa, with plans to establish regional presences in strategically important honey and beeswax markets. Honey and Beeswax brochure
The EAAP will facilitate access to four Core Services: Finance, Markets, Expertise, and Talent across three program tracks: Incubation, Acceleration and Ecosystem.
The Incubation track aims to assist early-stage processors in the honey and beeswax industry. These companies are typically smaller, informal businesses, but with a strong track record of sales. The EAAP aims to professionalize incubatees by helping them grow their business via access to grants, management talent, and technical expertise.
The Acceleration track works with formalized, relatively mature enterprises with a focus on export markets and a track record of profitable growth. These businesses have had difficulties with continued scaling, typically due to limited access to talent, underutilized supply chains, and the absence of a coherent business strategy. EAAP aims to aid companies in the Acceleration track to achieve scale by hands-on mentoring that includes designing a growth strategy and building a custom board of mentors with technical and management expertise.
The Ecosystem track focuses on supporting three essential components of the commodity value chain – input suppliers, packaging companies, and quality testing laboratories – in order to provide a healthy ecosystem for companies in the Incubation and Acceleration tracks.
For more on EAAP please see the EAAP Overview.
The call for applications for the Incubation track is now open. Please visit this page for more information.