About Diaspora Marketplace
Diaspora Marketplace Diaspora Marketplace In 2011, the United States Agency for International Development (USAID) and Western Union launched the second African Diaspora Marketplace (ADM II). ADM II encourages sustainable economic growth and employment by supporting U.S.-based African Diaspora and other entrepreneurs through grant funding and technical assistance facilities. ADM II Awardees are individuals with demonstrable connections to or experience in Africa, who have innovative and high-impact start-ups and established businesses on the continent. ADM II incorporates key lessons from the first African Diaspora Marketplace, by focusing grants toward priority, high-impact sectors in Africa, including agribusiness, renewable energy, as well as information and communication technology (ICT). To expand upon their previous success, Western Union and USAID invited small business investment funds and technical assistance mentors to participate. Additionally, in the summer of 2012, Western Union and USAID announced the Libyan Diaspora Marketplace competition (LDM). The Libyan Diaspora Marketplace (?LDM?) is a continuation of the African Diaspora Marketplace (?ADM?) business plan competition. Applications were accepted from existing businesses as well as start-ups in all sectors. On October 31, 2013, LDM awarded three companies, Halo Automotive, Noour, and Rawaabit with matched grants and accompanying technical assistance. Industry sectors represented among the winners include Agribusiness, Information and Communications Technology and Transportation.
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