"The economic fallout of the pandemic, and then the war in Ukraine, has pushed prices up and put food out of reach for millions of people across the world," said WFP in a statement.
Based in Munich, the innovation accelerator provides entrepreneurs and startups with funding together with hands-on support for innovative solutions to mitigate the rising cost of inputs and food, strengthening productivity and outcomes along food value chains as well as building resilient communities through livelihood creation and youth engagement.
"The WFP Innovation Accelerator has a track record of organising 45 flagship innovation boot camps to date, supporting over 395 teams to rapidly refine their innovations, field testing over 100 projects within WFP operations, and bringing 16 disruptive innovations to scale, reaching 9 million people in 2021 alone."
With the deadline for application set for November 3, the hub further said the selected teams will be invited to participate in an intensive week-long WFP Innovation Bootcamp in February 2023.
"Selected projects will be able to apply for the WFP Sprint Programme, a six-month acceleration programme providing up to Sh12.1 million ($100,000) in equity-free funding, mentorship, and access to WFP's global network of partners and field operations across more than 120 countries and territories."
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