Flour Mills of Nigeria Prize for Innovation 2023 |N5,000,000 prize

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Flour Mills of Nigeria Prize for Innovation 2023 |N5,000,000 prize

The Flour Mills of Nigeria Prize for Innovation 2023 is now accepting applications. The FMN’s Prize for Innovation seeks to draw attention to innovative and cutting-edge approaches to achieving sustainability in Nigeria’s food value chain.

The goal of this year’s campaign is to support the development of local content in Nigeria’s food and agro-allied industry and promote the growth of sustainable food production. In order to assist a paradigm shift away from dependency on imported raw materials and toward the development of local capacities for the aim of supporting local communities, participants in this year’s competition will come up with unique solutions.

Flour Mills of Nigeria Prize for Innovation 2023 Categories

  • Category 1: Registered Businesses (Micro, Small & Medium Scale Enterprise Owners)
  • Category 2: Nigerian Students (Undergraduates & Post Graduates)

Flour Mills of Nigeria Prize for Innovation 2023 Prize

  • Stand the chance of winning the star prize of N5 million.

Flour Mills of Nigeria Prize for Innovation 2023 Eligibility

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 roadmap to scale.

Category 2: Nigerian Students (Undergraduate and postgraduate level)

  • 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.
  • Your idea has a solid proof-of-concept and a social or commercial purpose.

Flour Mills of Nigeria Prize for Innovation 2023 Evaluation Criteria

All entries will be evaluated according to the following criteria:

  • Ingenuity of the ideas
  • Social/commercial purpose of the idea
  • Thoroughness of research
  • Impact & Scalability
  • Likelihood of the success of the enterprise

Flour Mills of Nigeria Prize for Innovation 2023 Application

  • Complete the form on or before January 5, 2023
  • 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
  • For Category 1 applicants, your entry must be accompanied by proof of registration
  • Participants are encouraged to post their entries on social media – Follow and tag @FMNGroup and get your friends to engage the post

Apply to your category: Category 1 | Category 2

For more information, visit FMN Prize.

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