IAPRI is currently implementing its five year strategic plan (2018 to 2022) whose core funding is being provided by the Swedish International Development Agency (Sida) and the United States Agency for International Development (USAID) while the balance is met from its own resources. The Business Development Unit (BDU) was formed to spearhead the sourcing of funds, to enhance long term sustainability, from various donor agencies for the Institute’s internal use as well as cater for increasing demand for professional services in agricultural development from different types of sector stakeholders at a fee. Apart from the generic or rather broad based policy analysis, capacity building and outreach that IAPRI conducts, a number of stakeholders need specially tailored services to meet their own specific needs.
The unit spearheads the implementation of the fundraising strategy of the Institute whose main objective is exploring and initiating resource mobilization activities at local and global-level for long-term organizational sustainability. The purpose is to secure funding through preparation and submission of grant proposals to secure funds to meet the Institute’s goals and objectives especially for new programmes being initiated or when a current grant or contract ends. This is however undertaken only for programmes or activities that are part of the Institute’s approved strategic plan as obtaining funds for activities outside the strategic plan simply because the funds happen to be available threatens the mission and long-term sustainability of the Institute.