Applications Are Currently Open for the 2018 Agritech FCMB – Wennovation Hub Incubation Programme.

Applications are currently open for the 2018 Agrictech FCMB – Wennovation Hub Incubation Programme.

Wennovation Hub incubation program is set out to guide early stage entrepreneurs to test and validate their ideas as well as gather their first set of customers or pivot if need be. This is done through a combination of financial support, guidance and training.

This cohort will host 10 startups with relevant solutions around the following Agricultural subsectors:

• Procurement / Supply chain Management(4)
• Agri-finance/ Agri-insurance(3)
• Other innovative ICT driven ideas(3)

The aim of the incubation program is to expose at least 30 teams to the root of the pre-defined problem statement by merging an in-depth problem definition strategy with an immersion process. The program also seeks to identify and support at least top10 teams to build an MVP and a sustainable business model by taking them through an intensive 4 weeks incubation program. Moreover, at least 2 top teams will be supported with seed investment.

Specific value of this program to startups includes:

• Provides pre-seed investment to validate product /market fit.
• Offers access to experienced mentors.
• Provides opportunities to connect with potential customers and investors.
• The cohort structure encourages peer learning and support.
• The intensity of the program gives startups the chance to really develop strong business models.
• Provides validation of the startup.

Sequel to the successful execution of the program, the success rate will be measured through the eyes of the following:

• More local and appropriate solutions to social problems developed
• Technology entrepreneurship among the youth populace encouraged
• Startup ecosystem in Wennovation Hub cities of operation (Lagos, Abuja, Ibadan and Kaduna) significantly developed.

Application review criteria:

• Competence of team
• Viability of idea
• Innovation
• Market and Scalability
• Registered companies would be at advantage
• Female led teams would be at advantage

Interested and qualified? Click here to apply.