No Result
View All Result
Saturday, June 3, 2023
23 °c
Tripoli
24 ° Sun
24 ° Mon
23 ° Tue
22 ° Wed
  • Advertising
  • Contact
LibyaHerald
 
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

UNDP Accelerator Labs encourage young entrepreneurs from southern Libya to participate in agricultural incubators

bySami Zaptia
September 23, 2022
Reading Time: 2 mins read
A A
UNDP Accelerator Labs encourage young entrepreneurs from southern Libya to participate in agricultural incubators

UNDP Libya's Accelerator Labs programme is encouraging young entrepreneurs from southern Libya to participate in its agricultural incubators (Photo: UNDP).

39
SHARES
169
VIEWS
Share on FacebookShare on Twitter

UNDP Libya revealed that its Accelerator Labs programme is encouraging young entrepreneurs from southern Libya to participate in its agricultural incubators. The programme provides business tools to turn the young entrepreneurs’ ideas into real business ventures.

What is the UNDP Accelerator Labs?

The UNDP says its Accelerator Labs programme is the world’s largest and fastest learning network on sustainable development challenges. It uses innovation tools such as design thinking, systems thinking and collective intelligence. The Network is composed of 91 Lab teams covering 115 countries (including Libya) and taps into local innovations to create actionable insights and reimagine sustainable development for the 21st century.

What are Lableaks?

“Leaks from the Lab” is an attempt from Accelerator Lab Libya to inform the public of what it does as the Accelerator Lab in short messages (like Tweets). It can be a meeting with “unusual” partner or building an unfinished prototype. This is a good way to build interest and curiosity of its work.

RELATED POSTS

UNDP launches Deraya Entrepreneurship Initiative for youth

UNDP’s Local Peacebuilding and Resilience programme in southern Libya to benefit 400,000 citizens

What is UNDP doing in the South?

The UNDP Accelerator Lab Libya is experimenting in the south by enabling innovation in youth entrepreneurship for agribusiness, a sector it believes has enormous potential in Libya.

How does UNDP Libya promote youth entrepreneurship?

UNDP Libya identified several challenges and opportunities through its exploration methods that most people – mainly the youth from rural areas – are eager to establish businesses but do not have the know-how. Based on this, it decided to build the capacity of youth by informing, guiding, motivating, mentoring, and providing visibility to their ideas to partake in entrepreneurship programmes and succeed in developing business plans.

How do these business incubators in agribusiness work?

Specifically in agribusiness, the UNDP explained that there will be two phases. The first phase is to invite youth to participate in a business incubator to develop their business plans for a specific business needs in their area. Once they have developed a business model and plan, the second phase will enable them to launch their businesses through the support of UNDP local partners.

What are UNDP plans for entrepreneurship?

The UNDP Accelerator Lab is specifically experimenting in the field of agribusiness after an economic sector study was conducted in more than 15 towns. The Accelerator Lab believes that Libyan youth, in general, are entrepreneurial by nature and are zealous to build the country. However, from many interviews and engagement with local organizations and actors, it realized that the youth just need a nudge to motivate them onto their entrepreneurship journeys. The UNDP said If this experiment succeeds, it plans to share the model publicly so everyone can benefit from it.

The UNDP stressed that its Accelerator Labs believe in grassroot solutions. Hence its experiment will try to empower local ideas into developing fully-fledged businesses by making it more inclusive.

What long-term benefits does the UNDP see with the agribusiness in the south, and could this be seen in other regions in the country?

There are many reasons why the UNDP chose to focus on agribusiness: Africa is the only continent that is not food sustainable. Libya relies almost entirely on fusil oil revenues. Libya has an enormous supply of groundwater (the biggest in Africa) that can be used in agriculture.

Libya is not efficiently storing and transporting its agricultural produce. It has vast empty lands. All these combined, including that its youth are naturally entrepreneurial, will have an enormous contribution for the development of Libya.

 
Continue Reading
Tags: Accelerator Labsagribusinessagriculture agriculturalenterpriseentrepreneurship entrepreneursincubatorssustainable developmentUNDP Libyayouth
Share16Tweet10Share3

Related Posts

Benghazi Turkish Trade Exhibition postponed to 12-15 June
Business

Benghazi Turkish Trade Exhibition postponed to 12-15 June

June 3, 2023
HB Group opens Apple authorised I-Shop reseller in Tripoli’s Siyahia
Business

HB Group opens Apple authorised I-Shop reseller in Tripoli’s Siyahia

June 3, 2023
SPARK partners with Hive and Assaraya in Benghazi to implement training programme
Business

SPARK partners with Hive and Assaraya in Benghazi to implement training programme

June 2, 2023
REAoL opens Benghazi office – to open office in south soon
Business

REAoL opens Benghazi office – to open office in south soon

June 1, 2023
Shippex 2023 postponed to new date of 19 to 22 June
Business

Shippex 2023 postponed to new date of 19 to 22 June

June 1, 2023
Libyan eastern government to build 300k bpd Tobruk refinery with foreign investors on BOT basis
Business

Tunisian Companies Forum to be held in Benghazi on 4 June

June 1, 2023
Next Post
Delegation from Libya’s Rail Authority visits InnoTrans 2022 in preparation for workshop

Delegation from Libya’s Rail Authority visits InnoTrans 2022 in preparation for workshop

Misrata Airport’s newly opened terminal: another example of PPP

Misrata Airport’s newly opened terminal: another example of PPP

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • State recognised militia and Libyan Army clash in central Tripoli

    State recognised militia and Libyan Army clash in central Tripoli

    233 shares
    Share 93 Tweet 58
  • The Tripoli Libyan Ministry of Transport confirms development plan for Libya-Tunisia Ras Jedir border crossing

    67 shares
    Share 27 Tweet 17
  • Members of illegal organizations given imprisonment and death sentences by Misrata Criminal Court

    52 shares
    Share 21 Tweet 13
  • Tripoli Libyan government conducts drone strikes against criminal hideouts in western coast

    144 shares
    Share 58 Tweet 36
  • Sirte Oil Company’s smart fields give it higher efficiency, more accurate real-time data for timely decisions

    45 shares
    Share 18 Tweet 11
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Benghazi Turkish Trade Exhibition postponed to 12-15 June

HB Group opens Apple authorised I-Shop reseller in Tripoli’s Siyahia

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    No Result
    View All Result
    • Login
    • Sign Up
    • Cart
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Sign In with Facebook
    Sign In with Linked In
    OR

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Sign Up with Facebook
    Sign Up with Linked In
    OR

    Fill the forms bellow to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?