At the end of Agricultural entrepreneurship conference, experts call for establishing a regulatory body for entrepreneurial activities in agriculture sector and business incubators

 

Agricultural entrepreneurship conference ensured the need for policy and legislation review and evaluation on entrepreneurship and cooperate among private sector enterprises and establish a regulatory body for entrepreneurship in agriculture sector to be representative of all institutions operating in the same field.

The conference held by PARC call for creating an appropriate legal and legislative environment to promote small and rural enterprises in agriculture sector. As well as to provide the requirements for the technological infrastructure to facilitate the operation of agricultural entrepreneurs and to form data base for researchers

The conference attended by group of specialists via zoom , demand to work on establishing financial support for entrepreneurship start-up companies in agriculture sector to enable them to launch their projects and to sustain a state of financial security in the start of the project, as well as to work on establishing a national training program in coordination with institutions in the same field.

Emphasizing on conducting a legal review:

The conference stressed on the necessity of holding legal review of Palestinian Economy relating to entrepreneurs and small projects owners, especially producers of agricultural products to facilitate their access to financial services through establishing national investment fund in partnership with different sectors to finance entrepreneurs in agricultural sector in harmony with their needs.

The statement also emphasized on the development of technological infrastructure and expansion of the education base. Moreover, the need to focus on promote for national training programs and exploring of inherent skills in youth at early stages as well as promoting researching centers was also emphasized upon.

Furthermore, the conference highlighted the importance of updating the teaching methods used in agricultural schools and universities (Agriculture Department) through focusing on teaching the concepts of entrepreneurship and provide practical illustrations in the curricula.

Building an entrepreneurial environment:

At the institutional/organizational level, the role of these institutions/organizations was highlighted in terms of their contribution in providing entrepreneurial environment for agriculture sector by raising community awareness through related campaigns and offering high quality advisory and training services for entrepreneurs and workers in agricultural incubators sectors. In addition to that, it was also assured that there is a need to shift the current focus on monopoly and to promote for fair competition in the sector. Which in turn require the focus on participation and its importance in advancement of national entrepreneurial situation as well as the contribution of the government policies and legislation discussion in shifting to a more entrepreneurial environment, especially in the agriculture sector as well as creating a participatory atmosphere to facilitate entrepreneurship sector by providing advice, suggestions, and conducting periodic reviews under the umbrella of creating investment opportunities.

It was also asserted on the importance of creating business incubators to all sectors especially the agriculture sector to ensure that feasible and innovative entrepreneur ideas have a supportive body to provide it with the needed technical support to enable it from accessing the market.

Another aspect that was emphasised upon is the establishment of capacity-building programs for the institutions working in the field of developing and supporting agricultural services, promoting communication and networking, and establishing an electronic resource base for agricultural development services.

Coordinating framework:

The final statement of the conference urged to establish a coordinating framework among all actors in the entrepreneurship sector and support small enterprises (Government, NGOS, donors, private sector). It distributes roles, competencies, responsibilities, and promotes an ecosystem environment, particularly in the agricultural sector.

It called for building an integrated cluster of all centers and institutions to support agricultural entrepreneurship, civil society institutions, funding agencies, and private sector within clear system and establish an electronic database for agricultural entrepreneurship.

Partnerships with private sector:

The final statement confirmed that the willingness of the private sector to invest in agriculture entrepreneurship project has witnessed a positive increase. Especially projects that create more jobs and help marketing products of these projects locally by providing subsidized sustainable sales outlets.

The conference asserted the need to establish credit guarantee funds which encourage banks to channel a large portion of the credit to the youth to make their own projects or show ideas on the ground. Credit funds are a partial substitute for the required warranty. These funds pledge to pay an agreed loan ratio in case of a stumbling, where is usually 40%-60% of funding.