Katalyst Innovation Fund provides co-funding and technical assistance to introduce new certification standards in Bangladesh
Food adulteration has become an ever-growing problem in Bangladesh with consumers demanding to know where their food comes from and how it has been produced. One of the main constraints for the establishment of a safe vegetable and fish market is that there exist no local standards to follow in order to procure and sell safe fish and vegetables. This means that trading companies struggle to support and establish their brand as ‘safe’ and customers remain skeptical about such claims.
That is why Katalyst, through its Katalyst Innovation Fund (KIF) initiative, is working together with SGS Bangladesh. SGS is one of the world’s leading inspection, verification, testing and certification companies. The organization will use its vast expertise in order to establish international certification training and development as a commercial service for local private procurement and agro-trading companies in Bangladesh.
KIF provides co-funding and technical assistance to SGS Bangladesh in order to conduct a pilot model involving three local companies. Through this pilot, SGS will build-up the capacity of those selected companies so they will be able to avail leading international standard certifications for safe food, such as HACCP, FSMS, and Global Gap. After successful completion of the pilot phase, SGS will introduce international certification training and development as a commercial service.
About Katalyst Innovation Fund (KIF):
KIF supports market actors from the private sector in developing innovative inclusive business models that deliver both commercial benefits and income-generating opportunities for small and poor farmers. For more information, please visit www.innovation-bd.com.