Innovation Showcase: The Science-Powered Revolution in Agribusiness: Accelerating Sustainable Growth and Catalyzing Investments

  • Date
    05.07.24
  • Time
    10:30 am > 03:00 pm UTC+03:00
  • Location
    United Nations, Conference Room 14, Nairobi, Kenya

Thematic Area: Scaling Innovations

In a world where the impacts of climate change are increasingly felt, the need to catalyze private finance for climate action is critical. Our session focuses on understanding the transformative role of science in driving private financing with the intension of closing the funding gap for climate-smart solutions in agriculture. 

Despite the promising growth rates of impact-focused funds, there remains a substantial funding deficiency, particularly in frontier markets. This gap is most evident in the realm of climate-smart agriculture and food systems. While on an annual basis we witness vast investments in agriculture, the challenge lies in effectively employing these finances to transition farmers and ecosystems towards sustainability and resilience. 

Our discussion will center on the crucial role of science in developing and scaling private sector-led innovations. These innovations, particularly in climate information services and climate-smart agriculture, are vital in countries most affected by climate change. The session will provide a platform to discuss strategies for leveraging science to enhance the effectiveness of these innovations. 

A key feature of this workshop will be the sharing of experiences from various private sector innovation accelerator programs across multiple regions. We will highlight notable initiatives such as: 

  1. Accelerating Impacts of CGIAR Climate Research for Africa (AICCRA), 
  2. The multi-donor funded ‘Water and Energy for Food (WE4F)’,  
  3. The Stability-and-Peace Accelerator in Fragile and Conflict affected settings and, 
  4. CGIAR’s Food Systems Accelerator for East and Southern Africa (CFSA) 

These programs serve as exemplars of how science can catalyze and enhance agribusiness ventures, leading to more efficient use of finances and creating a significant impact on the ground. Participants will gain insights into the successes and challenges faced by these programs and learn how science can be effectively integrated into agribusiness strategies to foster innovation and resilience. 

Speakers:

  • Dr. Inga Jacobs-Mata (Ukama-Ustawi Initiative Lead)
  • Evans Chinembiri (AICCRA)