Agricultural Innovation Funds
In order for agricultural development to fulfill its potential role as a source of growth and reducer of poverty, it must be constantly renewed through knowledge and innovation. Getting resources into the hands of innovators and providing incentive...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English |
| Published: |
Washington, DC: World Bank
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2011/05/15283427/agricultural-innovation-funds http://hdl.handle.net/10986/9453 |
| Summary: | In order for agricultural development to
fulfill its potential role as a source of growth and reducer
of poverty, it must be constantly renewed through knowledge
and innovation. Getting resources into the hands of
innovators and providing incentives for producers,
agricultural service providers, and entrepreneurs to
collaborate in developing and applying new methods and
technologies is a priority among institutions concerned with
agricultural knowledge. While grants have long been used to
finance agricultural innovation, in many countries there has
been a shift away from block grant funding and towards the
use of innovation funds. These are used to provide
incentives and resources for investment and collaboration
between innovators, producer groups, private entrepreneurs,
and public institutions. Innovation funds allocate grants to
targeted applicants based on a system for evaluating the
eligibility, relevance, and quality of applicants' proposals. |
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