Innovation fund

The session aimed to provide an overview of the support available and encourage community members to submit proposals.

Ali Said Yesuf, Programme Coordinator for the EU-funded STREIT Programme in Papua New Guinea, emphasized the objective of improving livelihoods within the community. He assured participants that all reasonable proposals would be considered for support.

Dr. Pavel Burian, Deputy Programme Coordinator, elaborated on the types of assistance offered through the STREIT Innovation Fund.

FAO under the EU-STREIT PNG Programme will fund Cocoa, Vanilla and Fisheries businesses and promote development of local companies and entrepreneurs in the region.

The Fund supports PNG registered companies, licensed business people and cooperatives, associations and value chain actors in launching, expanding and introducing new agri-businesses and innovative solutions in East Sepik and Sandaun provinces.

Financed by the European Union, the STREIT Innovation Fund provides up to a maximum of K 1,000,000 of non-cash support to successful applicants, as follows:

The Food and Agriculture Organization of the United Nations (FAO) under the EU-STREIT PNG Programme facilitated this meeting.

Many entrepreneurs in the awareness meetings expressed their interest in this opportunity that is available to women and men agripreneurs and agri-food value chain actors in the Greater Sepik region.