The Flour Mills Nigeria (FMN) Prize for Innovation 2024 is a significant opportunity for trailblazers and innovators in the bustling agro-allied sector of Nigeria. This competition, currently in its third season, aims to provide a platform for individuals with creative ideas to help shape the future of food production. It is not just a mere contest, but a gateway to promoting sustainable food systems through innovative solutions. Let’s take a closer look at the specifics of this transformative opportunity.
Flour Mills Nigeria Prize for Innovation Overview
The FMN Prize for Innovation 2024 is now accepting submissions from Nigerian residents who are 18 years old and older. Both micro, small, and medium-sized enterprises (MSMEs) and students at the undergraduate and postgraduate levels are encouraged to participate.
The main objective of this competition is to enhance food self-sufficiency in Nigeria, with a specific focus on precision agriculture in the food and agro-allied sectors. Winners will receive a prize pool of up to N5,000,000 for businesses and N300,000 for students. This competition offers not only recognition but also significant financial rewards for those with innovative ideas.
Categories and Prizes
Category 1: Registered Businesses
- Eligibility: MSMEs in Nigeria’s agro-processing and food production spaces.
- Prizes:
- First Prize: NGN 5,000,000
- Second Prize: NGN 3,000,000
- Third Prize: NGN 2,000,000
Category 2: Nigerian Students
- Eligibility: undergraduate and postgraduate students in Nigeria.
- Prizes:
- First Prize: NGN 300,000
- Second Prize: NGN 200,000
- Third Prize: NGN 100,000
Eligibility Criteria
General Eligibility
- Open to residents of Nigeria aged 18 or over.
- Excludes employees of the organizer, their relatives, and anyone connected with the organization or judging of the competition.
- No Entry Fee: Free to enter; no purchase is necessary.
- One Entry Per Person: Multiple entries from the same individual will be disqualified.
Specific Criteria for Category 1 (Businesses)
- Innovation focused on precision agriculture to boost food production.
- Proof-of-concept, social or commercial purpose, and a roadmap for scaling.
Specific Criteria for Category 2 (Students)
- Innovations are addressing precision agriculture in the food and agro-allied sectors.
- Ideas with a proof-of-concept and a social or commercial purpose.
How to Apply for Flour Mills Nigeria Prize for Innovation
- For Category 1 businesses, Apply here.
- For Category 2 students, Apply here.
Further Information
For more details about the competition, prizes, and the application process, visit the FMN Prize for Innovation website.
Deadline
The application deadline is February 15, 2024. Don’t miss out on this incredible chance to showcase your innovative solutions and potentially secure significant financial support for your ideas.
Conclusion
The Flour Mills Nigeria (FMN) Prize for Innovation 2024 is more than just a competition. It is a chance for individuals to make a significant contribution to Nigeria’s food security and agro-allied development. If you have an innovative concept in precision agriculture, this is the perfect opportunity to showcase it and receive the recognition and support it deserves.
Don’t miss the chance to be a part of this exciting journey towards innovation and sustainability in Nigeria’s agricultural industry. Your ideas could potentially revolutionize the way food is produced in the country. Apply now to be a part of this initiative.