The 2024 AgriTech Hackathon and Venture Building Program supported by FMO is designed to search out, identify, and groom early-stage businesses across Africa. The FCMB Agritech Hackathon and venture building program is an initiative to foster and accelerate the growth of the agricultural sector through support to agritech companies in solving industry challenges. The program consists of a hackathon, where participants will be supported to develop their ideas/solutions, and a venture building program, where selected teams will receive funding, mentorship and support to build and scale their solutions. The program is supported by FMO and implemented by Heave Ventures

The project will run for 6 months across two major phases:

1. 1. Hackathon
2. 2. Venture Building

The format of this 6-month program involves a 3-month Hackathon and prize-giving day, 6 weeks of Venture Building sprints, and an Investor Day program with a Documentary premiere. These are designed to provide high-impact innovative AgriTech startups with the relevant business and product development tools required to groom their solutions to Agricultural challenges in society and attract follow-on investments.

Eligibility Criteria

To be eligible for the FCMB Hackathon and Venture Building Program 2024, applicants must meet the following criteria:

1. Stage of Idea:Your business idea should be in the early stages of development.
2. Team:You should have a team with a mix of skills and experience relevant to building an Agritech business. This could include experience in agriculture, technology, business development, and marketing.
3. Passion for Agriculture:You should have a strong passion for agriculture and a desire to make a positive impact in the industry.
4. Commitment:You should be committed to participating fully in the program and working hard to develop your venture.
5. Legal:Be a legally registered company either as a business name or limited, individual teams of hackers are also encouraged to apply to the hackathon.

Event Details:

• Date: 17th – 20th of September 2024
• Location: Hybrid

Prizes

The top three teams will be awarded an exciting array of prizes! These rewards are designed to not only acknowledge your achievements but also to provide substantial support for the further development of your projects.

The prizes include: 

• Monetary Prize: Each winning team will receive a significant financial reward, offering a substantial boost to advance their innovative health solutions. The total prize value is equal to 23,000,000 Naira.
• Venture Building Opportunity: Winners will have the chance to engage in a 4-weeks Venture Building program. This unique program will leverage best-in-class product development methodology and business advisory to ship fast and sell faster.
• Trophy: In recognition of their exceptional talent, each winning team will be honoured with a commemorative plaque, symbolising their achievement and excellence in the Agri-Sector.

How to Participate

Register for the hackathon (deadline – 5th September)

• Fill out the online form.

Onboard your team on Eventornado (deadline – 16th September)

• Follow email instructions to onboard your team to Eventornado (our hackathon platform)

Participate in the Ideation Phase (17th September)

• Participate in the ideation warm-up, planned for the 17th of September 2024. Participation is optional and only intended as preparatory support for hackathon participants, including a design thinking session, ideation techniques etc.

Create a team and provide your initial idea – Project summary (18th September)

• Follow provided template to provide your project summary.

Participate in the FCMB AgriTech hackathon and Award Ceremony

• Together with your Team and your Mentors, develop your idea for the FCMB AgriTech Hackathon, either remotely or in person at our partner hubs!

Application Deadline: September 5, 2024

For More Information:

Visit the Official Webpage of the FCMB AgriTech Hackathon

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