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Ministry of Agriculture offers assistance to young entrepreneurs in Cayo

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Posted: Tuesday, November 16, 2021. 4:19 pm CST.

By Rubén Morales Iglesias: The Ministry of Agriculture, Food Security and Enterprise (MAFSE) in partnership with the Food and Agriculture Organization of the United Nations is offering assistance to young and female entrepreneurs in Cayo through Cohort 1 of the Agri-Business Incubation Program said a MAFSE press release.

The program is a pilot business development and support mechanism established to deliver technical assistance so that young and female entrepreneurs strengthen their technical capacity. It is expected that the entrepreneurs can then “develop and implement business ventures that are sustainable and climate-smart in different areas of the food system including production, processing, distribution, and commercialization”.

MAFSE says that any resident of Cayo who has an agriculture-related business idea at any stage of the development process, “from ideation, start-up, growth, formalization to maturity” can apply. MAFSE is also calling on rural entrepreneurs, operators of small businesses or members of cooperatives or associations to access their technical and innovative business development service through the Agri-Business Incubation Program.

MAFSE said those who participate can gain personalized and tailored business mentorships and coaching. They will also be able to access seed capital to start-up or grow their business.

The Belize Agri-Business Incubator objective is to nurture innovative early-stage enterprises that have high growth potential to become competitive agribusinesses said MAFSE.

“The Incubator provides adequate technical and financial support services and permanent mechanisms and tools to develop and implement business plans to produce, agro-process, and commercialize local production in the national and international market,” said MAFSE.

“The pilot incubation program directs special attention to income and employment generation and the improvement of livelihoods of the most vulnerable groups in rural communities of the Cayo District.”

“Business ventures along any part of the food system are welcomed to apply, including those in input supply, production, processing, distribution, marketing, commercialization, and agri-support services.”

MAFSE said registration for Cohort 1 remains open until November 30, 2021.

Interested individuals or enterprises can apply by emailing [email protected]gov.bz or by calling 804-2079. Applications can also be obtained and submitted at the Extension Service Office, Central Farm, Cayo, or by clicking here.

 

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