What challenges do scientists face in bringing their innovations to market? The unique nature of the agri-food sector demands longer development periods, presents a scarcity of patient funding to drive ideas past the conceptual stage, and often a lack of incentives for scientists to brave this journey alone. Collaborative models like venture studios are providing a new framework to address these challenges and bring agri-food innovations to market.
Following from the memorandum of understanding between CGIAR Accelerate for Impact Platform and StartLife, the Venture-Out Event on 23 November 2023 highlighted the potential of mechanisms such as StartLife’s ‘AgriFood Venture Studio’ to provide a creative pathway to impact: by scouting solutions, assembling teams with complementary skillsets, offering roles for scientists to remain involved in the venture, and much more.
"To create a climate resilient food system, we need to reach to small holder farmers, understand their challenges and come up with joint solutions," said Loet Rummenie, Program Director at StartLife.
“We joined CGIAR in this webinar because we believe that together we can generate impact where is truly needed," said Carolina Villa from StartLife.
How can models like the AgriFood Venture Studio involve and support scientists, entrepreneurs, and growers; and how could CGIAR’s expertise be of potential leverage to do so? Watch the event and join the conversation: