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Business

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Capital Market

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Insurance

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Business

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Olam to Speed Innovation to Address Global Food Security

 Olam International, in partnership with Agropolis Fondation, is on the hunt for ground- breaking scientific research that can deliver transformational impacts within global agriculture and win a $75,000 grant to support development and implementation.

Unlike other research awards, the Olam Prize for Innovation in Food Security requires clear evidence of potential short-term impact on food availability, affordability, adequacy, and accessibility. The fourth edition of the biennial Prize follows the recent warning from the UN World Food Programme that the COVID-19 pandemic will double the number of people suffering acute hunger by the end of 2020i, bringing food security firmly into the world’s spotlight.

Sunny Verghese, Co-Founder and Group CEO at Olam said: “At a time when the world faces a potential rise in food insecurity from the coronavirus crisis, with vulnerable parts of the developing world, particularly in Africa, most at risk, the new scientific insights and techniques being developed by research teams around the world are more significant than ever. The Olam Prize aims to support breakthrough innovations so that together we can re- imagine agriculture for greater food security.”

The winner of the previous Prize was a pioneering mapping approach that is reimagining subsistence farming in Ethiopia, co-ordinated by Dr Tomaso Ceccarelli of Wageningen Environmental Research and Dr Elias Eyasu Fantahun of Addis Ababa University.

Commenting on what the funding has meant to the implementation of their research, Dr Ceccarelli said: “The funding from the Olam Prize has allowed us to start scaling up our approach and shift our focus from areas of high potential agriculture, to the food insecure and drought prone regions of Ethiopia. Specifically, the funding is being applied to 4 key areas: engaging local and regional planners, in-situ data collection on bio-physical and socio-economic conditions, developing the GIS-based tool behind IM4FS, and application of site-specific crop recommendations based on the research fed into and information generated by the tool.

“With the unexpected outbreak of COVID-19, we’re also reviewing with our partners how IM4FS can support more immediate and urgent food security needs for farmers amid the pandemic. This would include planning efficient seed, fertiliser and other input distribution to farmers based on needs assessments.”

Meanwhile, since receipt of the 2017 Prize funding, the heat-tolerant wheat varieties developed by Dr.

Filippo Bassi of ICARDA, are now well-established in Senegal and Mauritania and have been

successfully cultivated for the first time by farmers in Benin, Togo, Ivory Coast, Ghana, and the

Republic of The Gambia.

“Despite extreme weather events Africa, and the disruption caused by the Covid-19 pandemic in Africa, I am happy to say that the activities enabled by the Olam Prize are advancing at full steam. Olam’s mill is Dakar is leading a partnership with other local millers to provide an ideal market for farmers to sell their new grain and with the expansion of heat tolerant wheat now included as a strategic approach in the Adaptation of African Agriculture (a joint initiative by African Ministries of Agriculture), we can reach many more farmers.

“Indeed, the Olam Prize, and the communication campaign that followed, has truly helped promote the use of this technology and get farmers interested. Since the initial press release, ICARDA has been contacted almost weekly to provide seeds to different farmers and scientific organisations around the globe. The true power of the Olam Prize goes well beyond personal recognition to really helping people learn and deploy new progressive ideas for sustainable agriculture.”

Applications are welcomed from academic or research institutions, civil societies and the private sector, and can focus on any region, environment, crop or part of the agricultural supply chain.

Submissions must be made via the Agropolis website. The deadline for application submissions is 23:59 CET (France) 11 January, 2021.

Applications received before 30 November 2020 will be considered for publicity opportunities on Olam’s corporate channels.

The 2021 Prize will be judged by an independent jury of experts and awarded in conjunction with the Agropolis Louis Malassis International Scientific Prizes for Agriculture and Food and SHIFT Prize by Biovision Foundation.

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Financing Development under President Buhari: The Role of Pan African DFIs

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