AgResults Hosts Webinar on Prize Competitions and Market Systems Development on March 11

How does the AgResults prize competition model drive private sector-led inclusive market systems development? On Monday, March 11 at 9 a.m. ET, AgResults will be leading a webinar, hosted by the BEAM Exchange, to discuss this topic. The webinar will look at the unique role that AgResults’ Pay-for-Results (PfR) prize competition model is playing in international agricultural development and how the model can strengthen market systems to sustainably improve the lives of smallholder farmers.

REGISTER NOW!

Funded by USAID (US), DFID (UK), DFAT (Australia), GAC (Canada) and the Bill and Melinda Gates Foundation, AgResults has designed and implemented six prize competitions focusing on spurring fundamental change in market relationships between the private sector and smallholder farmers.

AgResults has shown how prize competitions can and should be considered a regular component of any market systems development (MSD) practitioner’s toolkit. Lessons have shown the importance of understanding root causes of market failures, recognizing contextual complexities, and encouraging sustainable ‘crowding in’ of actors through monetary prizes.

Reflecting on AgResults’ efforts over the last five years, this BEAM Exchange webinar will provide key takeaways for development practitioners interested in learning how to design and implement prize competitions to set the stage for systemic transformation in a variety of markets and settings.

Join a dynamic panel of experts as they discuss various aspects of AgResults’ prize competitions in theory and in practice:

• Aviva Kutnick, Private Sector Engagement Division Chief, Bureau for Food Security, USAID (AgResults Donor) – Ms. Kutnick will provide an overview of the prize competition model and highlight how it aligns with MSD principles.
• Parasto Hamed, Field Coordination Consultant to the AgResults Secretariat – Ms. Hamed will explore two examples of prize competitions in Nigeria and Uganda, showing how each was or was not successful in leading to systemic market change.
• Rachel Lambert, Senior Livelihoods Advisor, United Kingdom Department for International Development (DFID) Agriculture Research Team (AgResults Donor) – Ms. Lambert will focus on the importance of conducting rigorous evaluation to measure results and impact, both in the overall market and with respect to smallholder farmer livelihoods.

Check out the event page for more details and instructions on how to register for the webinar.