Agroye is calling all young agripreneurs to apply for her 2024 My 500k Agribusiness Idea Competition.
My 500k Agribusiness Idea Competition, designed to inspire young entrepreneurs to transform their agribusiness concepts into business plans and grow them regardless of scale into successful ventures.
More details about this opportunity, its requirements, and step-by-step application procedure will be provided for interested and qualified candidates in this post.
Agroye My 500K AgriBusiness Idea Competition Summary
- Host Country: Nigeria
- Category: Competitions
- Eligible Countries: Nigeria
- Reward: ₦1m Prizes
- 1st: ₦500K
- 2nd: ₦300K
- 3rd: ₦200K
- No IELTS Required
- Deadline: October 12, 2024
- Scholarship Alerts: To receive Scholarship Alerts on WhatsApp, Click HERE
My 500k Agribusiness Idea Competition Details:
Do you have a groundbreaking agricultural business idea or a business that leverages technology in marketing, production, or sales? Whether you’re just starting or aiming to scale, here’s your chance to win big!
Agroye is an Agri-tech startup with an aim of growing the number of farmers in Africa and beyond.
By participating in this competition, you agree to comply with these Terms and Conditions. Please read them carefully before submitting an application.
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Eligibility Requirements for Agroye AgriBusiness Idea Competition 2024
To be considered for the Agroye AgriBusiness Idea Competition, you must:
- Participants must be between the ages of 18 and 35 at the time of entry.
- Participants must have a new business idea or a business registered no later than 2 years prior to the start date of the competition (2nd September 2024).
- For participants with a registered business, the annual revenue must not exceed 1 million Naira.
Benefits of My 500k Agribusiness Idea Competition
The prizes for the competition are as follows:
- 1st Place – ₦500,000
- 2nd Place – ₦300,000
- 3rd Place – ₦200,000
Selection Criteria for Agroye My 500K AgriBusiness Idea Competition
- Business Relevance and Feasibility: How viable and relevant is the business idea to the agricultural sector?
- Resource Management and Financial Projections: How well are the resources managed, and are the financial projections realistic and achievable?
- Community Impact: What positive impact will the business have on the community?
- Use of Technology: How effectively does the business utilize technology?
- Unique Solution to an Existing Problem: How innovative is the proposed solution to a problem in the agriculture sector?
- Note: Al generated and plagiarised proposals will be disqualified
How to Apply for Agroye My 500K AgriBusiness Idea Competition (Step by Step)
To apply for Agroye My 500K AgriBusiness Idea Competition;
- Participants must prepare a business plan / pitch document that requires a ₦500,000 capital investment. An optional guide template is available for use.
- Create a 1-minute video with your team, introducing your business idea, and post it on any social media platform using the hashtag #500kagribusiness and tag Agroye’s official social media account.
- Fill out the competition entry form available on the Agroye website, submit the link to your video, and upload your business plan / pitch document.
- Entry into this Competition is free!
- All entries must be submitted no later than 11:59 PM WAT on 12th October 2024. Late entries will not be considered.
Deadline: October 12, 2024
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