Dedicated to “Redefining and repositioning Agricultural worth chains throughout and put up the COVID-19 period”
The agriculture sector in Nigeria and the bigger African continent faces quite a lot of challenges together with local weather and climate, rural-urban migration, lack of understanding and restricted entry to funding. Whereas options to deal with these challenges have elevated yr on yr with nice success, extra nonetheless must be completed earlier than Africa can fulfil its potential of being the “meals basket for the world”.
First Metropolis Monument Financial institution (FCMB), one of many greatest monetary gamers within the improvement of Nigeria’s agriculture sector, has introduced the 2020 version of the FCMB Agritech Epic Pitch, by which it plans to maintain funding for early to growth-stage entrepreneurs to develop and scale their Agritech companies.
In its third Yr, the FCMB Agritech Epic Pitch 2020 will likely be carried out by Hub One (the Financial institution’s tech Hub positioned in Lagos, Nigeria) in partnership with Ardour Incubator, a Lagos-based early-stage tech incubator and accelerator. For this version, FCMB will likely be offering grant funding of NGN1.5million to 2 tech start-ups within the agriculture sector to help their enterprise development in addition to entry to free word-class workspace, regular market and a strong community that stimulates innovation, collaboration and enterprise development.
In view of the COVID-19 pandemic, the FCMB Agritech Epic Pitch 2020 is the primary digital version of the initiative, however is positioned to ship the identical worth to individuals, as demonstrated in earlier editions. In keeping with Rolayo Akhigbe, Divisional Head, Transaction Banking, FCMB “We’re keen about supporting Nigeria’s tech ecosystem and this initiative is among the methods by which we’re constructing and accelerating the expansion of the Agritech Startups in Nigeria, in addition to the bigger African continent…”
Additionally in keeping with Kudzai Gumunyu, Divisional Head, Agric Enterprise “This initiative performs an necessary position in serving to younger and pushed Nigerian entrepreneurs develop their Agric-focused enterprise. This mission would ultimately construct investible, sustainable and scalable AgriTech companies that may contribute to the nation’s employment charge in addition to the expansion of the nation’s GDP”.
Software for this system is presently open. Entrepreneurs within the Agritech house ought to apply by visiting https://on.fcmb.com/AEP. The deadline for software is July 24, 2020.
This system will even function a digital convention with the theme “Redefining and repositioning Agricultural worth chains throughout and put up the COVID-19 period”, which is able to carry collectively some world consultants to debate and share some insights on the Agricultural worth chains.
For extra details about Hub One, in addition to different FCMB initiatives in help of the tech ecosystem, go to https://www.fcmb.com/hub-one/