Minimum Viable Product (MVP) or early-stage agritech startups with some form of market validation have been invited to apply for the FCMB Wennovation agritech incubation program 2019.
The FCMB Wennovation agritech incubation program is also set out to guide early-stage entrepreneurs to test and validate their ideas as well as gather their first set of customers or pivot if need be. This is done through a combination of financial support, guidance, and training.
The secondary objective is to prepare these startups for acceleration.
The program commences with a one-week immersion component where selected startups get to interact with community members through our immersion partners.
Startups (20) who successfully complete the immersion program and the required reporting commitments will be invited to a two weeks bootcamp in Lagos which will be concluded with a Demo day/Agri-Conference.
All successful startups will be taken on a six (6) months post bootcamp aftercare program to grow their business.
We are pleased to announce the call for application for the #WennovationFCMBAgriTech Incubation Program 2019.
Leverage the opportunity @myFCMB and @Wennovation present to innovators to further ensure food security through Tech innovations in Nigeria. pic.twitter.com/qJf9iBDyvb
— AgriTech (WeHub) (@AgriTechWeHub) July 31, 2019
PROBLEM STATEMENTS
Applications FCMB Wennovatiob agritech incubation program 2019 should focus on the below problem statements:
INPUT
– Use of low yielding seed varieties by Nigerian smallholder farmers.
– Farmer lack access to arable and irrigated farmland for all year farming.
– Lack of appropriate and profitable financing models for smallholder farmers by Nigerian banks.
– Poor distribution network/supply chain leading high cost of agro-inputs.
PRODUCTION
– Poor access to affordable and appropriate irrigation systems to produce crops all year round sustainably.
– Overall low use and low quality of fertilizer & CP.
– Poor access to mechanization: leading to low quality of produce, high post-harvest losses, and low productivity.
– Farmer lack access to quality, affordable and timely advisory on agriculture (weather, pests & diseases, soil condition, agronomy practices, market info) as well as extension support.
PROCESSES/STORAGE
High post-harvest losses due to poor preservation, transportation, storage, and processing systems.
– Farmers lack the capacity to invest in value addition.
– Traceability and trackability of a commodity.
MARKETING/SALES
-Poor access to market and market information.
-Access to an advisory on business development.
THE TIMELINE
-29th July Call for ideas
-26th August Internal sorting and selection
-2nd September Immersion exercise
-9th September Design thinking approach
-28th September Agri-Conference/Demo Day
Click here to apply and for more details.
