FCMB AgriTech Hackathon and Venture Building Program

First City Monument Bank (FCMB) invites startups, entrepreneurs, and innovators to participate in its Agritech Hackathon and develop solutions for challenges like credit access, infrastructure and food security. Winners will receive up to ₦23 million in prizes and further exposure to growth opportunities

The hackathon is supported by Dutch Entrepreneurial Development Bank (FMO) and delivered by Heave Ventures.

The Agritech Hackathon, hosted by FCMB and supported by FMO, is dedicated to driving technological advancements in Agriculture. Our mission is to harness the power of innovation to solve pressing agricultural challenges, enhance food security, and promote sustainable rural development.

Event Details:

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

Eligibility: Open to registered Startups/SMEs in the Agritech sector and team of developers.

Download research reports below:

• Secondary research – here
• Primary research – (in progress)

Follow our social media pages for full documentary!

How to Participate

Register for the hackathon (deadline – 5th September)

• Click on the “Apply” button and fill the 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!

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.