Flour Mills of Nigeria (FMN) Prize for Innovation Competition for Nigerian SMEs & Students (5 Million Naira grand Prize)

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DEADLINE: 5 Jan 2023

Flour Mills of Nigeria Plc (FMN) has begun the second edition of its Prize for Innovation competition, which aims to highlight new and imaginative ways to achieve sustainability in Nigeria’s food value chain.

The prize will focus on important aspects of the food value chain that are critical to the transformation and sustainable development of the food systems in the country. The focus for this year’s Prize is on developing local content and capacity in Nigeria.

Geeky Nigeria reports that FMN launched the Prize for Innovation to encourage new ideas and innovations in the food and agro-allied sector in Nigeria and across the continent and how these can impact and enable a sustainable food system in Nigeria.
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.

Participants in the 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, and stand a chance of winning the star prize of N5 million.

The prize is open to registered food or agro-allied business in Nigeria or students with an interest in the food and agro-allied industry.

This year’s edition seeks innovative ways to develop and increase usage of local materials in the food industry, to meet local demands.

Category 1:
Registered Businesses (Micro, Small & Medium Scale Enterprise Owners)read more

Category 2:
Nigerian Students (Undergraduates & Post Graduates)

Category 1
Application Process
● To apply, visit this form
● 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.

Eligibility
● 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.

Category 2
Nigerian Students (undergraduate and postgraduate level)
Application process
● 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

Eligibility
Nigerian Students (Undergraduate and postgraduate level)
● 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 has a solid proof-of-concept and a social or commercial purpose.

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.


Steps To Apply For FMN Prize For Innovation

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.

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