FCMB 2024 Agritech Hackathon and Venture Building Program

Published: 08 Aug 2024

The 2024 AgriTech Hackathon and Venture Building Program supported by FMO is designed to search out, identify, and groom early-stage businesses across Africa.

The project will run for 6 months across two major phases:

•  Hackathon
• Venture Building

The format of this 6-month program involves a 3-month Hackathon and prize-giving day, 6 weeks of Venture Building sprints, and an Investor Day program with a Documentary premiere. These are designed to provide high-impact innovative AgriTech startups with the relevant business and product development tools required to groom their solutions to Agricultural challenges in society and attract follow-on investments.

FCMB Agritech Hackathon and Venture Building Program

Application Deadline	September 5, 2024
Value	N23,000,000
Funding Type	Partially Funded
Type	Entrepreneurs
Sponsor	First City Monument Bank (FCMB)
Gender	Men and Women

Benefits of FCMB Agritech Hackathon and Venture Building Program

The top three teams will be awarded an exciting array of prizes! These rewards are designed to not only acknowledge your achievements but also to provide substantial support for the further development of your projects.

The prizes include:

• Monetary Prize: Each winning team will receive a significant financial reward, offering a substantial boost to advance their innovative health solutions. The total prize value is 23,000,000 Naira.
• Venture Building Opportunity: Winners will have the chance to engage in a 6-week Venture Building program. This unique program will leverage best-in-class product development methodology and business advisory to ship fast and sell faster.
• Trophy: In recognition of their exceptional talent, each winning team will be honored with a commemorative plaque, symbolizing their achievement and excellence in the Agri-Sector.

Requirements for FCMB Agritech Hackathon and Venture Building Program

To be eligible for the FCMB Hackathon and Venture Building Program 2024, applicants must meet the following criteria:

• Stage of Idea:Your business idea should be in the early stages of development.
• Team:You should have a team with a mix of skills and experience relevant to building an Agritech business. This could include experience in agriculture, technology, business development, and marketing.
• Passion for Agriculture:You should have a strong passion for agriculture and a desire to make a positive impact in the industry.
• Commitment:You should be committed to participating fully in the program and working hard to develop your venture.
• Legal:Be a legally registered company either as a business name or limited, individual teams of hackers are also encouraged to apply to the hackathon.

 

Selection Process

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

Application Deadline

September 5, 2024

How to Apply