Flour Mills of Nigeria, Africa’s leading food and agro-allied group, has announced that it is receiving entries for the FMN Prize for Innovation initiative.
The annual competition, which started in 2021 is to encourage innovative ideas and techniques for local content development in the food and agro-allied sector,
Ideas that can address a shift from dependence on raw materials import to prioritize local content usage in Nigeria food and agro-allied sector
In the first category, small and medium businesses owners operating within the food and Agro-allied sector are to send entries to compete for a chance to win the grand prize of N5 Million while the first and second runners-up win N3 Million and N2 Million respectively.
Beyond the cash prize, FMN will provide value-based opportunities to the top 5 finalists selected to pitch their ideas to judges in the live event.
These opportunities will include training, seminars, and networking opportunities.
In the second category, students in undergraduate and postgraduate levels with an interest in the food and agro-allied industry, are encouraged to send in applications which will be judged by the general public as a viewers’ choice format.
The winner in this category will get a cash prize of N300,000, while the first and second runners-up will win N200,000 and N100,000 respectively,
Interested innovators are to visit prizeforinnovation.fmplc.com to participate and complete their applications.
Also, they must be following the company on all social media platforms to participate.