Agricultural Technology Commercialization: Stakeholders, Business Models and Abiotic Stressors: Part 2
Stephen Suffian, Arianna De Reus, Curtis Eckard, Amy Copley, and Khanjan Mehta
International Journal of Social Entrepreneurship and Innovation
Suffian, S., De Reus, A., Eckard, C., Copley, A., Mehta, K., “Agricultural Technology Commercialization: Stakeholders, Business Models and Abiotic Stressors: Part 2,” International Journal of Social Entrepreneurship and Innovation, Vol. 2. No. 6, pp. 561 – 577, 2013
Innovative agricultural technologies that bolster food value chains (FVCs) in developing countries can improve the livelihoods of millions of people while furthering food security. The first part of this article described a typology of business models that entrepreneurs can employ to integrate their technologies into FVCs. This part completes the typology by describing business models that leverage partnerships with entities like financing agencies, educational institutions, and localised manufacturing facilities to enhance access to the technology product. The impacts of abiotic stressors like access to capital, supply chain resiliency, and ownership dynamics are discussed with the objective of helping entrepreneurs make informed business strategy decisions. The article culminates with a discussion on how various models in the typology can be integrated to yield hybrid approaches that overcome diverse stressors while maximising the venture’s potential for long-term sustainability and large-scale impact.