Applications for the Flour Mills of Nigeria Prize for Innovation in 2023 are currently open.
Flour Mills of Nigeria Plc has launched the second edition of its annual Prize for Innovation competition. The Prize 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 and 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.
Worth of Award
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.
For Category 1,
- The winner will get N5,000,000.
- First runner-up will get N3,000,000.
- Second runner-up will get N2,000,000.
FMN will provide other value-based opportunities to the top 5 applicants which include training, seminars, and networking opportunities.
For Category 2,
- First prize – N300,000
- Second Prize – N200,000
- Third Prize – N100,000
Eligibility
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.
Category 1:
Registered Businesses (Micro, Small & Medium Scale Enterprise Owners):
- 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 road-map to scale.
Category 2:
Nigerian Students (Undergraduates & Post Graduates):
- Nigerian Students (Undergraduate and Postgraduate levels)
- 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.
- Ensure your idea has a solid proof-of-concept and serves a social or commercial purpose.
How to Apply
For Category 1,
- 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 a proof of registration.
For Category 2,
- 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.
Deadline: Complete the application form for the Flour Mills of Nigeria Prize for Innovation on or before January 5th, 2023.