Flour Mills Nigeria 2023 Innovation Competition for Nigerian MSMEs and Students (win N5m grand prize)

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👤 Eligibility: In Grants & Fundings for Entrepreneurs, Nigerians, Post Graduates, Undergraduates (RSS)
🕡 Deadline: Jan 05, 2023 (See all deadlines)
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Flour Mills of Nigeria Plc has launched the second edition of her annual Prize for Innovation competition. FMN’s Prize for Innovation aims to highlight new and imaginative ways to achieve sustainability in Nigeria’s food value chain.

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This year’s campaign is designed to facilitate the promotion of local content development in Nigeria’s food & agro-allied sector, to encourage sustainable food production.

Participants in this year’s contest will develop novel solutions to facilitate a paradigm shift from dependence on imported raw materials to developing local capacities for the purpose of sustaining local communities.

Competition Theme: Innovative techniques for local content development in the food and agro-allied sector.

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SEE ALSO: Deji Alli ARM Young Talent Award (DAAYTA ) 2023 for Young Nigerians (N12,000,000 Award)

Eligibility Criteria for FMN Category 1 – Micro, Small and Medium-sized Enterprises (MSMEs) Qualification

  • The Prize is open to residents of Nigeria aged 18 years or over except employees of the organizer and their close relatives and anyone otherwise connected with the organisation or judging of the competition.
  • Micro, Small and Medium-sized Enterprises (MSMEs) in Nigeria
  • Undergraduates in Nigeria
  • Postgraduate students in Nigeria
  • Micro, Small, and Medium Scale Enterprises (MSMEs) that are registered in Nigeria and operate in the agro-processing and food production space.
  • Your big idea and innovative solution should address a shift from dependence on raw materials import to prioritize local content usage in Nigeria’s food and agro-allied sector.
  • Your idea should have a solid proof-of-concept, a social or commercial purpose, and a clear roadmap to scale.

Benefits

FMN’s Prize for innovation is looking for solid ideas for improving local content development through previously untapped resources and technologically powered solutions to reduce dependence on food importation in the food and agro-allied sector in Nigeria.

The call for application for FMN’s Prize for Innovation is now open in two categories with the chance of winning the star prize of N5 million.

Process

All entries will be evaluated according to the following criteria:

  • Ingenuity of the ideas
  • Social / commercial purpose of the idea
  • Thoroughness of research
  • Impact & Scalability
  • Likelihood of the success of the enterprise

Eligibility Criteria for FMN Category 2 – Nigerian Students (Undergraduate and Postgraduate Level) Qualification

  • Your big idea and innovative solution must address a shift from dependence on raw materials import to prioritize local content usage in Nigeria’s food and agro-allied sector.
  • Your idea must have a solid proof-of-concept and a social or commercial purpose.

Benefits of FMN Category 2 – Nigerian Students (Undergraduate and Postgraduate Level)

  • FMN’s Prize for innovation is looking for solid ideas for improving local content development through previously untapped resources and technologically powered solutions to reduce dependence on food importation in the food and agro-allied sector in Nigeria.
  • The call for application for FMN’s Prize for Innovation is now open in two categories with the chance of winning the star prize of N5 million.
SEE ALSO: SMEDAN/Sterling Bank 2022 Matching Fund Program for Micro and Small Enterprises (Get N500k to N2.5M)

Process

All entries will be evaluated according to the following criteria:

  • Ingenuity of the ideas
  • Social / commercial purpose of the idea
  • Thoroughness of research
  • Impact & Scalability
  • Likelihood of the success of the enterprise

Note: Only Shortlisted candidates will be contacted

How to Apply

For category 1:

  • To applyclick here
  • Complete the form on or before the 5th of January 2023.
  • Upload a 60 seconds video and a short presentation on your Innovative techniques for local content development in the food and agro-allied sector
  • Your presentation should clearly indicate how your idea will facilitate the use of local content within the Nigerian food value chain.
  • Your entry must be accompanied by proof of registration.

For category 2:

  • To apply, visit this form
  • Complete the form on or before the 5th of January 2023
  • Upload a 60 seconds video on your Innovative techniques for local content development in the food and agro-allied sector
  • Your presentation should clearly indicate how your idea will facilitate the use of local content within the Nigerian food value chain.
  • Participants are encouraged to post their entries on social media – Follow and tag @FMNGroup and get your friends to engage the post

Visit the OFFICIAL PAGE for further information. DROP COMMENTS for questions/suggestions.

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DISCLAIMER: Do not pay or release sensitive financial details to any organizer/recruiter unless futher verified from your end.
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About the Author: Othuke Veno

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