Wennovation Hub YEFFA 2016 applicant wins $5000 Award from Accelerators Monitoring and Evaluation Partner; Emory University

The Youth-Enabled Fish Farming AgriHack 2016 (YEFFA 2016) – a Technical Centre for Agricultural and Rural Co-operation ACP-EU (CTA) and Wennovation Hub sponsored ICT4Ag program focused on ICT interventions in the Aquaculture value chain in West Africa – received well over 100 team entries across West Africa after its “call for ideas” earlier in April 2016. 93 participants across West Africa (56 – Nigeria, 17 – Benin, 20 – Togo) accepted an invitation to attend a day boot camp where they gained vital tools and techniques for innovation and entrepreneurship in Agriculture. At the boot camp, 20 entrepreneurial teams with the brightest ideas were selected to proceed into the next round of the program. These 20 teams, across all locations, comprising of 3 members each participated in an “orientation by immersion” program for 1 day followed by a 3 day “Hackathon” program to develop commercially viable solutions to resilient challenges in the fish farm value chain in West Africa. At the close of the Hackathon, 8 teams across 4 cities in the 3 West African Countries emerged with the best prototypes. These teams have been admitted into the WennoKick program; a 6 weeks pre-acceleration program followed by a 4.5 month incubation program.

On a related note, Wennovation Hub recently enrolled with the Global Accelerator Learning Initiative (GALI); an Emory University and Aspen Network of Development Entrepreneurs (ANDE) led collaboration between US Global Development Lab (a USAID program), Omidyar Network, The Lemelson Foundation, and the Argidius Foundation. GALI is designed to weigh on a global scale the impact of Incubators and Accelerators on Startup Entrepreneurship.

GALI seeks to answer key questions about enterprise acceleration including: Do acceleration programs contribute to revenue growth? Do they help companies attract investment? What types of programs offered by accelerators have the highest impact on entrepreneurial success? What can we learn about the entrepreneurs who participate in the accelerator programs?

As part of the GALI program, 60 entrepreneurial teams from Wennovation Hub’s YEFFA 2016 program are participating in the GALI program, at Emory University, to benchmark their performance over the next couple of years with or without Wennovation Hub’s Acceleration program and incubation support. This program is for both YEFFA location finalists and runner ups. The GALI program will follow up with all respondents (the 60 teams) to benchmark the performances of those selected as location finalists into YEEFA’s Acceleration program versus those who applied for YEFFA but did not make it as location finalists.

To encourage participation in the program, each team who agrees to participate in the GALI program (by filling the form Wennovation Hub sent to them) is entered into a draw to win one of four $5000 unrestricted awards for their ventures in a transparent online quarterly draw. Fortunately, one of the applicant teams to YEFFA 2016 was one of the 4 global lucky winners of the $5000 award, given by Wennovation Hub’s Monitoring and Evaluation Partner; Emory University, Atlanta Georgia, USA.

Till date, Emory University have worked with nearly 60 accelerator programs around the world, including Village Capital, Points of Light Civic Accelerator and Technoserve programs. Through these many partners, they have collected and analyzed data from more than 3,500 early-stage ventures.

Congratulations to the IITA-Youth Agripreneurs-Abuja on being selected as one of the 4 global lucky winners for this quarter.
If interested in participating in the GALI program or joining any of our programs at Wennovation Hub, send a mail to info@wennovationhub.org for details or follow us @wennovation, facebook.com/wennovationhub and you could be the next winner!

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Vera Azubuike31 August, 2016Congratulations to the IITA-Youth Agripreneurs-Abuja

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