Sharing Event for the First Round of the Coffee Innovation Fund
An online exchange of experiences took place on October 27th to mark the completion of the first round of the Coffee Innovation Fund. The 21 funded projects from Ethiopia, Myanmar, Indonesia and Vietnam were presented at the event, together with lessons learnt from the implementation phase. The winners of the first round also had the opportunity to speak with agricultural technology and risk capital experts and discuss options for using innovative ideas to further develop the coffee industry and supply chain.
After an opening speech by Mr. Andreas Pletziger, Senior Policy Officer at the German Federal Ministry for Economic Cooperation and Development (BMZ), the winners presented their innovations. Participants received an insight into the various projects that aim to improve the production, processing and marketing of coffee and increase local value creation. Coffee grown in bunk beds, blockchain-based transparency mechanisms, coffee paired with eco-tourism – these are just a few examples of projects that were selected during the idea competition and presented at the event.
The event provided space for discussion, networking opportunities and featured several break-out sessions on how to solve specialty coffee’s problems through innovation. Three thematic breakout sessions were organized to discuss how to find the right buyers, ensure high coffee quality and increase the income of farmers. A total of almost 300 people participated in the event. Further information on the agenda and the companies that successfully participated in the first round of the Coffee Innovation Fund can be found here. In addition, so called recipe books were developed for the individual projects to provide information on their implementation for interested coffee companies who would like to make use of those innovative approaches themselves (publication to follow).
The Coffee Innovation Fund’s second round will create opportunities for investment in four East African countries: Ethiopia, Kenya, Rwanda and Uganda. Companies can submit their project ideas until December 31st, 2020. Further information on the second round can be found here.