RWANDA – Seed&Chips, an Italy-based firm focused on using technology to improve food value system plans to set up a food innovation hub in Rwanda with investment estimated at between $50 million and $100 million.

The hubs will be involved in technologies in food production, precision agriculture and food processing among others and will be selected according to the needs of a particular country.

According to Marco Gualtieri, Founder and Chairman of Seed&Chips said that the company has launched a US$1 billion call to set up 10 food innovation hubs in 10 countries in Africa, starting from Rwanda.

The 10 beneficiary countries are Rwanda, Ghana, Nigeria, Ethiopia, Mozambique, Angola, Morocco, South Africa and Egypt.

“We want to open the first one in Rwanda in one year if we get the right place, and other countries will follow. The goal is to create thousands of new jobs – at least 30 thousand in each country,” Marco stated.

Marco said that the place they want to establish the hub should be big enough – with an estimated 3,000 to 4,000 square meters, adding that it should be close to the city, very easy to be reachable by the people who visit the City.

He said that the space should be enough to accommodate working space, a room for sharing ideas, conference rooms, and ‘laboratories with the best food testing technologies ever’, among others.

“We need the government to help us find the right place where we can do that in terms of infrastructures. We should find a place where other innovators are moving because you know investors and innovators are looking for ecosystem,” he said.

Elaborating on the reason behind the targeted investment, Marco highlighted that, “The food industry, is the most important, the biggest industry in the world in terms of occupation, and in terms of money. So, we are just working on innovating this industry.”

For instance, according to information from the World Bank, Africa’s food market is predicted to reach $1 trillion per year by 2030 from $313 billion in 2013.

The hubs will be interconnected to enable people in the recipient countries fully benefit from them through learning different skills.

Régis Umugiraneza, co-founder of the Kigali-based CARL Group, an agribusiness company created by young university graduates, welcomed the idea of having the hub in Rwanda saying it will be of great benefit especially to young entrepreneurs in the agribusiness sector, reports New Times Rwanda

“Sometimes young people’s start-ups fail because they lack the know-how as their products fall short of standards and lack competitiveness on the market,” he said.

“We very much need food innovation hubs where we can hone our skills, and take to markets improved winning products. We hope this hub will support us to achieve that,” he added.