The Bayer Foundation today launched its new EUR 20 million Social Innovation ecosystem fund by awarding EUR 3 million to four pioneering social innovators – myAgro, MercyCorps, Path and Living Goods. The fund aims to scale up technology and entrepreneurial solutions that empower African smallholder farmers to lift themselves out of poverty.
Bayer’s four awardees will provide over 1 million people in African farmer households with access to entrepreneurial solutions that increase their crop yields and access to health services. Today’s investment fuels Bayer’s objective to improve the lives of 100 million people – smallholder farmers and their family members – by 2030.
