Friday 8 February 2008

World Bank Offering US$4 Million in Grants for Innovations in Agriculture

The 2008 Global Development Marketplace (DM2008) competition was launched January 22, 2008, offering $4 million in grants to social entrepreneurs with innovative ideas that have potential for high impact in promoting sustainable agriculture.

The competition this year is focused on the theme of “Sustainable Agriculture for Development.” It is asking participants to focus on solutions to agricultural challenges in developing countries such as linking small-scale farmers to markets; improving land access for poor farmers; and promoting the environmental services of agriculture in addressing climate change and biodiversity conservation.

DM2008 awards will support 25-30 of the most innovative ideas that advance sustainable agriculture in developing countries. Typically, DM competitions attract close to 3,000 applicants, which are then narrowed down to about 100 finalists. Finalists of DM2008 will be invited to the competition’s Marketplace event in Washington, September 24-25, to compete for grants and participate in knowledge exchange activities.

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