International academicians and business leaders who had gathered in Nashville for the annual Global South Summit announced today the Nashville Entrepreneur Center will oversee a $1 million competition focused on nutrition and health care.
To be called the Global Food & Health Innovation Challenge, it has been made possible by a combination of TNInvesCo funds, private equity funds, angel investors and the Nashville Entrepreneur Center. The challenge will be announced globally through the networks of the World Bank, the Diplomatic Courier, the global MOC Network of the Institute for Strategy and Competitiveness, Harvard Business School, and summit organizers.
The Global Food & Health Innovation Challenge is an investment fund that identifies breakthrough prototypes, technologies or early-stage ventures that hold the promise of transformative impact on health and food and are scalable into business enterprise. The goal is to recognize investment recipients and top finalists at the next Global South Summit this November.
Dr. Scott T. Massey who leads summit coordinator Cumberland Center, a local university-business alliance affiliated with the Institute for Strategy and Competitiveness, Harvard Business School, said the $1 million fund will help “stimulate innovations” that can be transformative for food production, food logistics and nutrition.
“We hope this initiative inspires people around the world to use their ingenuity and enterprise to create abundant food, health and shared prosperity,” Massey said in a release.
The Innovation Challenge is the first major outcome of the inaugural Global South Summit that took place in November 2012 in Nashville. This year’s summit will take place November 11-12 in Nashville.
Today’s event included a strategy session about the summit program’s next three-to-five years, including discussions of ideas for the development of a Global Action Platform.
The Nelson and Sue Andrews Civic Leadership Institute of Lipscomb University facilitated the session, which included Mark Cackler, The World Bank; Dr. Arlene Garrison, Oak Ridge Associated Universities; Dr. Scott Doran, Southern Regional Growth Policy Board; Dr. Howard Shapiro, Mars, Inc.; Steve Turner, Market Street Investments; Sam Lingo, Nashville Entrepreneur Center; and Mike Shmerling, XMi High Growth Development Fund.
Application for the competition is open to innovators, entrepreneurs, researchers, and startup businesses from around the world. For general investment guidelines, go to www.GFHIChallenge.com.