Renewable Energy Innovation Fund to Serve the Agribusiness Sector

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Toward the end of 2020, the Palestine Techno Park in a consortium with FLOW Accelerator has commenced its 6-month project funded by United Nations Industrial Development Organization (UNIDO) under the name “Renewable Energy to Serve the Agribusiness Sector.” The project aims to provide a complete, sustainable and creative environment and approach for youth individuals or groups, particularly females, to innovate, test and scale up ideas related to renewable energy solutions in agribusiness and create concrete opportunities for a successful launch of start-ups within the domain.

The pre-launch and preparatory phase of the project included the assessment of the agribusiness sector to find gaps that can be addressed through renewable energy. Moreover, awareness sessions were carried out to inform the public and in particular local universities of the importance of the intersectionality between renewable energy and the agribusiness sector in Palestine. The awareness sessions also introduced the project and urged those interested to apply in order to create solutions and proceed to solve piths addressed from the needs-assessment phase. The participants are students and recent graduates between the age of 19 and 29 with a degree or pursuing a degree in renewable energy, food engineering, engineering, agriculture, art, health, biomedicine, and energy. Moreover, the application is also open to young male and female designers and entrepreneurs working in the agribusiness and/or the renewable energy industries.

The project will then recruit about 50 participants to take part of a five-day Hackathon that will include coaching, teams work, teams support, practicing demos and pitching events. The topics are also designed on a startups methodology and to foster the entrepreneurial style. The main curriculum topics that will be delivered in a generic coaching sessions basis are: “Entrepreneurial Mindset and Startups Conceptualization”, “Recent trends in Renewable energy”, “Business Model and Value Proposition Canvas”, “Crucial Business Plan Components”, “Pitching content and skills”, “Design Thinking, “Wire frame and user journey”, “Financial Planning” and “Marketing Strategies” and “Storytelling.”

By the end of the fourth day of the Hackathon participants will submit the following: a pitch deck, a mock-up or a sketch, user journey, business model canvas, value proposition canvas and an initial business plan for their ideas.

Finally, a jury will be comprised to select the top ideas to proceed to the incubation period. The main objective of the incubation is to assess, develop & improve a business concept & model and boost entrepreneurial competencies & skills, starting from the ideating and going through the concepting to reach solidly to kick off as a committing startup that is able to develop an MVP and ready to sign a co-founder shareholder agreement and start attracting investors money. The winners will then receive funding to bring their ideas into fruition.

To learn more about the project and how you can participate, click here.

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