Innovation Trends and Opportunities in the Global African Food Market
It’s evident that there’s a significant potential for investment in bringing African cuisine to the global market. This trend follows the success of other cultural foods, such as Turkish, Chinese, and Indian cuisines, which have become immensely popular worldwide and generated multi-billion-dollar exports that continue to grow.
In fact, the ethnic food market is expected to expand from $49.27 billion in 2021 to $98.06 billion in 2028, with a Compound Annual Growth Rate (CAGR) of 10.33% during the forecast period of 2021-2028.
Introducing the African Food Accelerator Program
The Fatherland’s African Food Accelerator Program is a thrilling initiative that aims to support African food start-ups. It has been designed to provide African chefs with the tools they need to make a significant impact in the global food industry.
Becoming Part of the African Food Accelerator Program
This unique Fatherland program, which is part of the Fatherland Economic and Community Development Sector, will focus on mentoring and investing (via the FairShares Network), in innovative Africa food start-up with aim of promoting African food on a global scale.
APPLICATION PROCESS & INTERVIEW
Application Review
After submitting your application, you can expect to receive an email from our team within 5-7 business days informing you of whether you have been selected for an interview.
Team Interview
Upon approval, we will provide you with a link to schedule your interview via email. Please be advised that interview slots are limited, and we recommend booking as soon as possible to secure your spot.
EVALUATION & SELECTION
Admissions Review
Our team will conduct an initial due diligence assessment to evaluate your eligibility for our program and present their findings to our selection committee.
Acceptance/Denial Notification
Our committee will inform you of their decision regarding the acceptance or denial of your application within 24 hours of the vote. Your seat will be kept open until the cohort is filled, provided that we receive your application.
Process & Time
Unless an extension is requested, cohort applications are due on the 20th of every month. It is recommended that you apply 30 days prior to each cohort launch.
Investment Timeline
When we are committed to complete a round with our due diligence and investment process within six months of term sheet issuance.
For African Food Accelerator Program
We Can’t Wait to Hear from You
If you require any further information, please fill out the form below.
