Flour Mills Nigeria 2023 Innovation Competition for Nigerian MSMEs and Students ( N5m grand prize)


The second iteration of Flour Mills of Nigeria Plc’s yearly Prize for Innovation competition has begun. The objective of FMN’s Prize for Innovation is to draw attention to fresh and creative approaches to achieving sustainability in Nigeria’s food value chain.

The goal of this year’s campaign is to support the development of local content in Nigeria’s food and agro-allied industry and promote the growth of sustainable food production.
In order to assist a paradigm shift away from dependency on imported raw materials and toward the development of local capacities for the aim of supporting local communities, participants in this year’s competition will come up with unique solutions.

Competition Theme: Innovative techniques for local content development in the food and agro-allied sector.

Eligibility Criteria For FMN Category 1 – Micro, Small And Medium-Sized Enterprises (MSMEs) Qualification

  • The Prize is open to residents of Nigeria aged 18 years or over except employees of the organizer and their close relatives and anyone otherwise connected with the organisation or judging of the competition.
  • Micro, Small and Medium-sized Enterprises (MSMEs) in Nigeria
  • Undergraduates in Nigeria
  • Postgraduate students in Nigeria
  • 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.

Benefits

In order to lessen Nigeria’s reliance on food importation, FMN’s Prize for Innovation is seeking strong suggestions for enhancing local content development through previously untapped resources and technologically driven solutions.

With the chance to win the star prize of N5 million, the FMN Prize for Innovation call for applications is now open in two categories.

Process

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

Eligibility Criteria For FMN Category 2 – Nigerian Students (Undergraduate And Postgraduate Level) Qualification

  • 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 must have a solid proof-of-concept and a social or commercial purpose.

Benefits Of FMN Category 2 – Nigerian Students (Undergraduate And Postgraduate Level)

  • 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.
  • The call for application for FMN’s Prize for Innovation is now open in two categories with the chance of winning the star prize of N5 million.

Process

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

How To Apply

For category 1:

  • To applyclick here
  • 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.

For category 2:

  • 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


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