Iraq Response Innovation Lab recently supported 5 innovative projects in the agricultural sector to launch.
These 5 projects were all incubated for 10 months and received trainings on Business Models, Business Plans, Budgeting alongside technical training. The incubation started with 60 applications received online.
The first phase of the incubation included training for business model creation, prototype development, and value proposition development for each project. 20 projects participated in the first phase of the training. 12 projects then proceeded to pitch their projects and prototypes in front of a panel of judges that evaluated the projects based on applicability and impact.
The second phase included training on Business plan training so that each project would create a one-year business plan for their newly established enterprise. All 5 rewarded projects generated their business plans at the end of this phase.