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Fate Foundation announces 2020 Agribusiness Accelerator Programme in Nigeria

Fate Foundation announces 2020 Agribusiness Accelerator Programme in Nigeria

Deadline: 12 April 2020

The Agribusiness Accelerator Programme is implemented by ScaleUp Lab, FATE Foundation and supported by Africa Capital Alliance (ACA) Foundation.

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The Agribusiness Accelerator Program targets outstanding Nigerian agribusiness entrepreneurs (Founders, CEOs and Owner-managers) whose businesses are currently at growth stage and who are looking to scale their business expand their market reach and attract potential investors and strategic partners.

Program duration is 4-6 months and includes a one-week accelerator boot camp, interactive workshops, consulting sessions, business support services, one-on-one and group mentoring sessions with a team of seasoned sector faculty members and advisors.

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Focus Areas

Input Supply
Animal and/or Crop Production
Logistics and Distribution
Trading and Retailing
Start of Program: The Agribusiness Accelerator Program will commence in May, 2020 with an induction session and an intensive one-week accelerator boot camp in Lagos. This will be followed by a detailed GAP Analysis to help each entrepreneur develop an individual growth plan and tailored road map that addresses the growth needs of the business to scale.

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Program Sessions: The sessions are designed for capacity building through workshop and coaching sessions, peer learning and feedback, one-to-one mentoring and individual growth support for each participating entrepreneur and business. Entrepreneurs will have opportunities to meet and interact with several entities including agribusiness experts,experienced entrepreneurs, senior level professionals, advisers, mentors, partners and investors. Finally, a Demo Day will be held at the end of the accelerator program which will provide a platform for the entrepreneurs to showcase their innovative agribusiness solutions and pitch to key funding partners.

End of Program: The program will close out with the official graduation and presentation of certificates at the FATE Annual Celebration on Thursday, December 3rd, 2020.

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Eligibility Criteria

Applicant must:

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Be a Nigerian citizen (male or female).
Be between ages 21-40 as at April 10th, 2020.
Be Founder, Owner manager or CEO of a growth stage agribusiness venture. (Only one applicant per business will be accepted).
Be operating a CAC registered agribusiness venture at growth stage, currently in operation and generating income.
Have minimum annual turnover of Fifteen Million Naira (₦15,000,000) only.
Have minimum three (3) full-time highly skilled staff in managerial capacity (excluding part-time staff and low/semi-skilled staff).
Available to participate FULL-TIME in the one-week boot camp in Lagos between Monday, May 25, 2020 – Friday, May 29,
2020 and ALL other activities required throughout the duration of the program from Wednesday, June 10, 2020 – Saturday, August 8, 2020.
Able to cover all personal, transportation or communication costs.
For more information, visit http://fatefoundation.org/scaleupagribusiness/#1512203262762-1e813f9e-db4a

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