The ADM encourages sustainable economic growth and employment by supporting U.S.-based African Diaspora entrepreneurs with innovating and high-impact ideas for start-up and established businesses in Sub-Saharan Africa.
The new Marketplace will incorporate key learning from the first African Diaspora Marketplace, by focusing grants toward priority, high-impact sectors in Africa, including agribusiness, renewable energy, and information and communication technology (ICT).
The African Diaspora Marketplace (ADM) is a business plan competition designed to support the entrepreneurial spirit and resources of the U.S.-based African diaspora community to promote economic development in Sub-Saharan Africa by facilitating diaspora direct investment (DDI) in viable small and medium enterprises (SMEs). In 2010 the African Diaspora Marketplace (ADM) has awarded $1.4 million in matching grants to 14 businesses who are working in partnership with African-based ventures to promote job-growth in their native countries.The grant winners were chosen at an ADM conference in January 2010 after beating out 733 applicants and 58 finalists.
Related to agriculture/agribusiness:
|Ghana||Aceritas Ghana, Ltd.||Green Acres Goat Farm|
|Ethiopia||TAF, PLC||TAF BioTechnology|
|Nigeria||AACE Foods||Processing and Preserving West Africa's Best Fruits and Vegetables|
|Uganda||Tek Consults, Ltd.||Cooking Solar Ovens Manufacturing|
|Sierra Leone||Palm Fruit Processing||Production of Crude Palm Oil Using a Palm Processing Mill|