FCMB Invites Nigerian Agritech Startups to Apply for the FCMB-Wennovation Agritech Incubation Program 2019

The FCMB Agri-Tech Incubation Programme run by Wenovation Hub now has its applications open to Nigerian early-stage agric-tech startups.

The Wennovation Hub Programme is, in partnership with the banking firm, FCMB, targeting innovators across Nigeria who are developing tech-based solutions that can ensure food security in the country. The goal is to help them test and validate their ideas, and also gather their first set of customers. This will be achieved through a combination of financial support, guidance and training.

The applications for this year’s program should focus on four problem areas, namely Production, Input, Processing and Storage, and Marketing and Sales. The Hub is looking for MVP-stage startups with some form of market validation.

The goal of this year’s program is to reveal the root of the pre-defined problem statement to ten teams across Nigeria, by merging an in-depth problem definition strategy with an immersion process.

The program will also support these teams with a demonstrable Minimum Viable Product to build a sustainable business model by taking them through a design thinking workshop, and a 3 weeks incubation program subsequently.

Even more, the program is to support at least two of the top selected Agri-tech startups with seed investments and grants, and offer access to experienced mentors and a cohort structure that encourages peer learning and support. Of course, the attending Agri-tech startups will have several opportunities to connect with potential investors and customers.

In fact, the programme commences with a one-week immersion component where the startups will have the opportunity to interact with community members through Wennovation Hub immersion partners. Startups who complete the immersion programme and other required reporting commitments successfully will be invited to a two-week bootcamp in Lagos.

The program will come to an end in September with a pitching competition at the demo day where two Agri-tech startups win a total sum of N3million in grants. All the successful startups are to be taken into a six-month post-bootcamp aftercare programme.

Click here to apply.