First City Monument Bank (FCMB) in partnership with Passion Incubator has announced and opened application for the FCMB Agritech EPIC Pitch 2020.
The FCMB Agritech EPIC PITCH 2020 edition will be held virtually due to the COVID-19 pandemic and will support agritech businesses in Africa with seed investment, access to workspace, market & network that stimulates innovation, collaboration, and business growth.
Through its Agritech initiative, FCMB is playing its part in growing the sector. The bank is providing early to growth-stage entrepreneurs with prerequisite resources to grow and scale their Agritech businesses.
“This initiative is geared towards building and accelerating the growth of the Agritech Startups in Africa and also helps young and self-driven Nigerian entrepreneurs grow their business.
“This mission would eventually build investible, sustainable and scalable businesses that can contribute to the nation’s employment rate as well as the growth of the nation’s GDP”.
The program is focused on the following Agriculture value chain solutions;
-Processing/Production/Storage
-Agricultural Finance
-Agricultural Marketing
-Supply chain
The bank has set aside N1.5 million to support the top 2 startups in the program. Other benefits include mentor support, access to workspace, market and networks that stimulate innovation, collaboration and business growth.
The entrepreneurs would also have access to the Passion Incubator’s resources, partner organization support and business development services.
The application for the program is currently open. Entrepreneurs in the Agritech space should apply by visiting bit.ly/fcmbaep. The deadline is July 24th.
The program will also feature a virtual conference. Themed “Redefining and Repositioning Agricultural value chains in this COVID-19 era”, it will bring together, virtually, some global experts to discuss and share some insights on the Agricultural value chains.
