{"id":1208,"date":"2024-05-02T14:49:16","date_gmt":"2024-05-02T14:49:16","guid":{"rendered":"https:\/\/empact.studio\/?p=1208"},"modified":"2024-06-14T19:01:25","modified_gmt":"2024-06-14T19:01:25","slug":"elementor-1208","status":"publish","type":"post","link":"https:\/\/empact.studio\/fr\/elementor-1208\/","title":{"rendered":"EMpact launches its venture studio in C\u00f4te d\u2019Ivoire, heralding a new approach to impact investing in West Africa"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"1208\" class=\"elementor elementor-1208\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9dfbca7 e-flex e-con-boxed e-con e-parent\" data-id=\"9dfbca7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4ce76a9 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"4ce76a9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8cad8a3 e-flex e-con-boxed e-con e-parent\" data-id=\"8cad8a3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4974192 elementor-drop-cap-yes elementor-drop-cap-view-default elementor-widget elementor-widget-text-editor\" data-id=\"4974192\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;drop_cap&quot;:&quot;yes&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><\/p>\n<h3><span style=\"font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, sans-serif; font-weight: 500; text-align: var(--text-align);\">23 April, 2024 I ABIDJAN, C\u00f4te d\u2019Ivoire<\/span><br><\/h3>\n<p style=\"margin: 0in;\"><span style=\"color: #000000; font-family: Calibri, sans-serif;\"><span style=\"font-size: 16px;\">&nbsp;<\/span><\/span><\/p>\n<p style=\"margin: 0in;\"><span style=\"color: #000000; font-family: Calibri, sans-serif;\"><span style=\"font-size: 16px;\">Today witnessed the launch of EMpact \u2013 a venture studio focused on creating startups that serve agricultural value chains \u2013 in C\u00f4te d\u2019Ivoire, its first market in Africa, after its successful launch in Latin America in 2023. The initiative in C\u00f4te d\u2019Ivoire is a collaboration between EMpact and two leading institutions: International University of Grand Bassam (IGUB) and Institut National Polytechnique F\u00e9lix Houphou\u00ebt-Boigny (INP-HB). The studio will develop collaborative entrepreneurship that addresses the needs of corporate players in the agricultural value chains, leading to sustainable impact at the intersection of human activity and our planet.<\/span><\/span><\/p>\n<p style=\"margin: 0in;\"><span style=\"color: #000000; font-family: Calibri, sans-serif;\"><span style=\"font-size: 16px;\">&nbsp;<\/span><\/span><\/p>\n<p style=\"margin: 0in;\">\n<\/p><p style=\"margin: 0in;\"><span style=\"color: #000000; font-family: Calibri, sans-serif;\"><span style=\"font-size: 16px;\">Professor Saliou TOURE, President of IUGB, said: \u201cWe believe that every IUGB student should develop an entrepreneurial mindset, fulfilling the broader holistic vision of IUGB that our youth are paving the way whereby products and services used in Africa are developed by Africans. The future of the agricultural value chain must include innovative solutions that drive systematic sustainable efforts. This innovative approach must integrate a strong entrepreneurial enterprise. IUGB is pleased to join EMpact in its multi-faceted approach to entrepreneurship development whereby corporate and industry leaders work alongside our students and future leaders to drive change, thus moving the agriculture sector forward\u201d.&nbsp;<\/span><\/span><\/p>\n<p style=\"margin: 0in; font-size: 12pt; font-family: Calibri, sans-serif; color: #000000;\">\n<\/p><p style=\"margin: 0in;\"><span style=\"color: #000000; font-family: Calibri, sans-serif;\"><span style=\"font-size: 16px;\">The venture studio addresses the most critical issue facing entrepreneurship in frontier markets, which is the upskilling of talent. Individuals from within IUGB and INP-HB, or alumni, or even students from other universities, will be mentored as entrepreneurs using hybrid training from the academic institutions and EMpact\u2019s own best-in-class global curriculum. This phase is followed by business incubation whereby young and women founders are supported to design digitally enabled solutions that address the needs and pain-points of corporate partners. Finally, the incubated businesses will graduate into a startup accelerator that helps each team turn their solutions into investment-ready businesses through continuous mentorship, access to essential shared services, and opening doors to additional corporate partners.<\/span><\/span><\/p>\n<p style=\"margin: 0in;\"><span style=\"color: #000000; font-family: Calibri, sans-serif;\"><span style=\"font-size: 16px;\">&nbsp;<\/span><\/span><\/p>\n<p style=\"margin: 0in;\"><span style=\"color: #000000; font-family: Calibri, sans-serif;\"><span style=\"font-size: 16px;\">Dr. Moussa Diaby Abdoul Kader, Director General of INP-HB, said: \u201cWe believe in the fundamental role that entrepreneurship plays in the development of a country. One of the main challenges facing our countries is job creation and the placement of our young graduates. This partnership is a relevant response to the growth in student unemployment as it strengthens links between our research system and the valorization of outcomes through innovative companies. Agriculture, which remains one of the key pillars of development in African countries, is the primary beneficiary. Entrepreneurship is gaining unprecedented momentum in our region, which makes this partnership even more relevant and timely for us\u201d.<\/span><\/span><\/p>\n<p style=\"margin: 0in;\"><span style=\"color: #000000; font-family: Calibri, sans-serif;\"><span style=\"font-size: 16px;\">&nbsp;<\/span><\/span><\/p>\n<p style=\"margin: 0in;\"><span style=\"color: #000000; font-family: Calibri, sans-serif;\"><span style=\"font-size: 16px;\">Sami Lahoud and Prateek Shrivastava, co-founders of EMpact, said: \u201cTraditional farming techniques are keeping farmers poor, producing lots of waste, harming the environment, and are generally unsustainable, thus creating real concerns about global food security. By harnessing the potential of the youth and women in frontier markets such as West Africa, and by connecting them to talent from other parts of the world, we turn the challenges facing these countries and the global agricultural value chains into opportunity for people and for our planet. We are grateful for our launch partners IUGB and INP-HB for joining us on this exciting journey that will place C\u00f4te d\u2019Ivoire at the forefront of solving for these critical issues.\u201d<\/span><\/span><\/p>\n<p style=\"margin: 0in;\"><span style=\"color: #000000; font-family: Calibri, sans-serif;\"><span style=\"font-size: 16px;\">&nbsp;<\/span><\/span><\/p>\n<p style=\"margin: 0in;\"><span style=\"color: #000000; font-family: Calibri, sans-serif;\"><span style=\"font-size: 16px;\">Importing technology from developed to frontier markets invariably neither addresses the needs of these markets, nor the companies in the agricultural value chains, owing to the development stage of these countries. However, innovations developed locally, in collaboration with corporate and technology partners, delivered by local capacity building institutions, are better fit for a market like C\u00f4te d\u2019Ivoire, which is a major global provider of critical crops. Such innovations are much easier to replicate in markets that have similar characteristics to C\u00f4te d\u2019Ivoire, be it in Africa, Latin America, Asia or other parts of the world.&nbsp;<\/span><\/span><\/p>\n<p style=\"margin: 0in;\"><span style=\"color: #000000; font-family: Calibri, sans-serif;\"><span style=\"font-size: 16px;\">&nbsp;<\/span><\/span><\/p>\n<p style=\"margin: 0in;\">\n<\/p><p style=\"margin: 0in;\"><span style=\"color: #000000; font-family: Calibri, sans-serif;\"><span style=\"font-size: 16px;\">The EMpact venture studio inside IUGB and INP-HB in C\u00f4te d\u2019Ivoire, which is modelled after the EMpact studio that is already live in Guatemala, will be replicated with other institutions in the country and in the region. In 2025, the plan is to include additional frontier markets such as the ones in Central Asia, and to start interconnecting these markets through the cross pollination of ideas, capitalizing on their organic similarities and complementarities.<\/span><\/span><\/p>\n<p style=\"margin: 0in;\">\n<\/p><p style=\"margin: 0in; font-size: 12pt; font-family: Calibri, sans-serif; color: #000000;\"><span style=\"color: #595959;\">&nbsp;<\/span><\/p>\n<p style=\"margin: 0in; font-size: 12pt; font-family: Calibri, sans-serif; color: #000000; text-align: center;\" align=\"center\"><span style=\"color: #595959;\">###<\/span><\/p>\n<p style=\"margin: 0in; font-size: 12pt; font-family: Calibri, sans-serif; color: #000000; text-align: center;\" align=\"center\"><span style=\"color: #595959;\">&nbsp;<\/span><\/p>\n<p style=\"margin: 0in; font-size: 12pt; font-family: Calibri, sans-serif; color: #000000;\"><span style=\"color: #595959;\">Media Contacts<\/span><\/p>\n<p style=\"margin: 0in; font-size: 12pt; font-family: Calibri, sans-serif; color: #000000;\"><span style=\"color: #595959;\">&nbsp;<\/span><\/p>\n<p style=\"margin: 0in; font-size: 12pt; font-family: Calibri, sans-serif; color: #000000;\"><a style=\"color: #0563c1; text-decoration-line: underline;\" href=\"mailto:media@empact.studio\">media@empact.studio<\/a><\/p>\n<p style=\"margin: 0in; font-size: 12pt; font-family: Calibri, sans-serif; color: #000000;\">\n<\/p><p style=\"margin: 0in; font-size: 12pt; font-family: Calibri, sans-serif; color: #000000;\"><span style=\"color: #7f7f7f;\">\u00c0 propos d'EMpact<\/span><\/p>\n<p style=\"margin: 0in; font-size: 12pt; font-family: Calibri, sans-serif; color: #000000;\">\n<\/p><p style=\"margin: 0in; font-size: 12pt; font-family: Calibri, sans-serif; color: #000000;\">EMpact is a venture studio serving critical value chains in frontier markets by addressing chronic issues afflicting these markets and affecting our planet. EMpact drives change through the incubation of talent, then creating and incubating businesses that address the needs of key players in these value chains with focus on agriculture. The final step in this venture studio model is to extend pre-seed equity funding to the budding startups, handhold them through the initial phase of their growth journey, and then &#8211; over time &#8211; hand them over to later stage investors.&nbsp;<\/p>\n<p style=\"margin: 0in; font-size: 12pt; font-family: Calibri, sans-serif; color: #000000;\">\n<\/p><p style=\"margin: 0in; font-size: 12pt; font-family: Calibri, sans-serif; color: #000000;\"><a style=\"color: #0563c1; text-decoration-line: underline;\" href=\"https:\/\/empact.studio\/fr\/\">www.empact.studio<\/a><\/p>\n<p><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-664a9e5 e-flex e-con-boxed e-con e-parent\" data-id=\"664a9e5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9baed6b elementor-drop-cap-yes elementor-drop-cap-view-default elementor-widget elementor-widget-text-editor\" data-id=\"9baed6b\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;drop_cap&quot;:&quot;yes&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><\/p>\n<h3 style=\"margin-top: 0px; margin-bottom: 25px;\"><span style=\"color: #000000; font-family: Calibri, sans-serif;\"><span style=\"font-size: 16px; font-weight: 400;\">###<\/span><\/span><\/h3>\n<p style=\"margin: 0in;\"><strong><span style=\"text-align: var(--text-align); font-size: 16px;\"><span style=\"color: #000000; font-family: Calibri, sans-serif;\">\u00c0 propos d'EMpact<\/span><\/span><\/strong><\/p>\n<p style=\"margin: 0in;\"><span style=\"color: #000000; font-family: Calibri, sans-serif;\"><span style=\"font-size: 16px;\">EMpact is a venture studio serving critical value chains in frontier markets by addressing chronic issues afflicting these markets and affecting our planet. EMpact drives change through the development of talent and the incubation of businesses that address the needs of key players in these value chains, with focus on agriculture. The final step in this venture studio model is to extend pre-seed equity funding to the budding startups, handhold them through the initial phase of their growth journey, and then \u2013 over time \u2013 hand them over to later stage investors.<\/span><\/span><\/p>\n<p style=\"margin: 0in;\">\u00a0<\/p>\n<p style=\"margin: 0in;\"><strong><span style=\"color: #000000; font-family: Calibri, sans-serif;\"><span style=\"font-size: 16px;\">About IUGB<\/span><\/span><\/strong><\/p>\n<p style=\"margin: 0in;\"><span style=\"color: #000000; font-family: Calibri, sans-serif;\"><span style=\"font-size: 16px;\">IUGB is a not-for-profit, American-style academic institution whose mission is to transform C\u00f4te d\u2019Ivoire and West African society through distinctive student-centered, US-style education with English-language instruction to prepare future leaders for meaningful employment and to engage in research and service that contribute to the equitable economic growth of local, regional and global communities. The university offers eight career-oriented degree programs through two schools: The School of Business and Social Sciences (BSS) and the School of Science, Technology, Engineering and Mathematics (STEM). IUGB also offers an intensive English University Preparatory Program and has a Center for Continuing Education.<\/span><\/span><\/p>\n<p style=\"margin: 0in;\">\u00a0<\/p>\n<p style=\"margin: 0in;\"><strong><span style=\"color: #000000; font-family: Calibri, sans-serif;\"><span style=\"font-size: 16px;\">About INP-HB<\/span><\/span><\/strong><\/p>\n<p style=\"margin: 0in;\"><span style=\"color: #000000; font-family: Calibri, sans-serif;\"><span style=\"font-size: 16px;\">INP-HB was formed via the merging of the National School of Agronomy, the National School of Public Works, the Agricultural Institute of Bouak\u00e9, and the National Higher Institute of Technical Education. As a leading academic institution in West Africa, INP-HB nurtures future citizens who can meet the challenges of the emergence of C\u00f4te d\u2019Ivoire and the continent. To achieve this, a vast network of former students supports the institution and ensures that the training is aligned to sustainable socio-economic issues. One of the strengths of INP-HB lies in the diversified training offered by nine schools, covering all economic and social sectors.<\/span><\/span><\/p>\n<p style=\"margin: 0in;\"><span style=\"color: #000000; font-family: Calibri, sans-serif;\"><span style=\"font-size: 16px;\">\u00a0<\/span><\/span><\/p>\n<p style=\"margin: 0in;\"><strong><span style=\"color: #000000; font-family: Calibri, sans-serif;\"><span style=\"font-size: 16px;\">Media Contacts<\/span><\/span><\/strong><\/p>\n<p style=\"margin: 0in;\"><span style=\"font-size: 16px; color: #000000; font-family: Calibri, sans-serif; text-align: var(--text-align);\">Meganne Lorraine BOHO<\/span><\/p>\n<p style=\"margin: 0in;\"><a href=\"mailto:bohomeganne@gmail.com\"><span style=\"font-size: 16px; color: #000000; font-family: Calibri, sans-serif; text-align: var(--text-align);\">bohomeganne@gmail.com<\/span><\/a><\/p>\n<p>\u00a0<\/p>\n<p><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>23 April, 2024 I ABIDJAN, C\u00f4te d\u2019Ivoire &nbsp; Today witnessed the launch of EMpact \u2013 a venture studio focused on creating startups that serve agricultural value chains \u2013 in C\u00f4te d\u2019Ivoire, its first market in Africa, after its successful launch in Latin America in 2023. The initiative in C\u00f4te d\u2019Ivoire is a collaboration between EMpact [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1252,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EMpact launches its venture studio in C\u00f4te d\u2019Ivoire, heralding a new approach to impact investing in West Africa - EMpact<\/title>\n<meta name=\"description\" content=\"EMpact \u2013 a venture studio focused on creating startups that serve agricultural value chains \u2013 in C\u00f4te d\u2019Ivoire, its first market in Africa, after its successful launch in Latin America in 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/empact.studio\/fr\/elementor-1208\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EMpact launches its venture studio in C\u00f4te d\u2019Ivoire, heralding a new approach to impact investing in West Africa - 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