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

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

This year’s campaign is designed to facilitate the promotion of local content development in Nigeria’s food & agro-allied sector, to encourage sustainable food production.

Participants in this year’s 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.

Requirements

Are you a registered food or agro-allied business in Nigeria or you are a student with interest in the food and agro-allied industry, then you should participate in the second edition of FMN’s Prize for Innovation.

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.

For More Information:

Visit the Official Webpage

Application Deadline: January 10, 2023