FCMB is thrilled to announce the 2024 Agritech Hackathon and Venture Building Program, aimed at identifying and nurturing early-stage AgriTech startups across Africa. This comprehensive 6-month program includes a Hackathon, Venture Building sprints, and an Investor Day with a documentary premiere. The initiative is supported by FMO and seeks to address agricultural challenges by providing innovative startups with essential business and product development tools.
Program Overview
- Host: First City Monument Bank (FCMB)
- Category: Startup Competitions | Agritech
- Eligible Regions: Africa
- Total Prize Value: 23,000,000 Naira
- Application Deadline: September 5, 2024
Program Structure
- Hackathon (3 Months): Teams will participate in a competitive hackathon to develop innovative solutions for agricultural challenges. This phase culminates in a prize-giving day.
- Venture Building (6 Weeks): Top teams from the hackathon will enter a Venture Building program, which provides advanced business and product development support.
- Investor Day & Documentary Premiere: The program concludes with an Investor Day, showcasing the teams’ progress and a documentary on the journey of the startups.
Aim and Benefits
- Monetary Prize: Winning teams will receive a share of the 23,000,000 Naira prize pool, offering a significant boost for further development.
- Venture Building Opportunity: Winners will engage in a 6-week program focusing on rapid product development and business advisory.
- Trophy: Each winning team will receive a commemorative plaque recognizing their achievement in AgriTech.
Eligibility Criteria
To qualify for the FCMB Agritech Hackathon and Venture Building Program, applicants must:
- Stage of Idea: Have an early-stage business idea in AgriTech.
- Team Composition: Possess a team with relevant skills in agriculture, technology, business development, and marketing.
- Passion: Demonstrate a strong commitment to agriculture and a desire to make a positive impact.
- Commitment: Be dedicated to full participation and hard work throughout the program.
- Legal Status: Be a legally registered company or a team of individual hackers.
Thematic Areas
- Funding the Future of Agriculture
- Credit Where Credit is Due
- Infrastructure Innovation
- AgriTech for Productivity
- Market Access for Smallholder Farmers
- Empowering Farmers through Training
- Securing the Food Supply
- Scaling Smallholder Farms
- Agribusiness for Economic Growth
- Data Management for Smallholder Farmers
How to Apply
- Prepare Your Idea: Develop an innovative AgriTech solution.
- Form a Team: Assemble a team with relevant expertise.
- Apply: Submit your application before September 5, 2024.
- Participate: Engage in the hackathon and venture building program.
Apply here: FCMB Agritech Hackathon Application
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