The Scaling Up Nutrition Business Network (SBN) is set to host the 2023 edition of the SBN Annual NutriPitch Challenge, in collaboration with the esteemed FATE Foundation.
This competition, nestled within a larger program grant of EUR80m covering up to six African countries, seeks to not only foster innovation but also drive profitability in businesses focused on providing nutritious food to low-income consumers.
FATE Foundation, founded in 2000 by Mr. Fola Adeola, is a stalwart in harnessing the entrepreneurial spirit of Nigerians. The foundation is committed to providing support, including business incubation, growth, and accelerator programs, with the aim of enabling emerging entrepreneurs to start, grow, and scale their ventures.
SBN Nourish Nigeria NutriPitch Challenge 2023 – Details
Partnering with FATE Foundation, a pioneer in enterprise support for over two decades, SBN aims to catalyze a Business Model Research project. This initiative, fueled by a grant of EUR80m, has a laser focus on countries like Benin, Ethiopia, Kenya, Mozambique, Nigeria, and Uganda.
The overarching goal is to identify groundbreaking business models that not only ensure profitability but also make nutritious food accessible at prices aligned with consumer capacities.
Benefits of the SBN NutriPitch Challenge 2023
The benefits include:
- Pitch Readiness Bootcamp: Selected participants of the NutriPitch Challenge are in for a transformative experience with a one-week Pitch Readiness Bootcamp. This intensive program equips entrepreneurs with the skills and insights needed to make a compelling pitch.
- GAP Advisory Sessions: The GAP Advisory Sessions provide participants with advice, filling critical gaps in their business strategies.
- Growth Plan Development: The Growth Plan Development stage ensures that each participant designs a robust plan for scaling their agribusiness.
- CEO Fireside Chat: Engage in candid conversations with successful CEOs in the industry for invaluable insights and perspectives to inspire and guide participants on their entrepreneurial journey.
- Workshops and Masterclass Sessions are designed to provide practical knowledge and skills essential for success in the agribusiness sector.
- Hand-holding Mentorship Community
- Access to Alumni Community
- The Grand Prize: Winners share a substantial prize pool of N10,000,000 Naira.
Eligibility Requirements
To be eligible for the NutriPitch Challenge, applicants must meet the requirements below:
- Applicants must have Nigerian citizenship (male or female)
- Ages 25 to 50 as of January 2024
- Be a founder, Owner manager, or CEO of a growth-stage agribusiness venture
- Agribusiness focused on Nutrition and Innovation
- Solid business model targeting low-income consumers
- Unique/innovative marketing strategy
- Minimum of three full-time highly skilled staff in managerial roles
- Registered agribusiness with the Corporate Affairs Commission (CAC)
- Currently operating and generating income
- Full-time availability for the one-week boot camp and all program activities
Application Process
The application process for SBN Nourish Nigeria NutriPitch Challenge 2023, involves the steps below:
- Visit the official website of FATE Foundation at https://fatefoundation.org/nutripitch/
- Click on the Apply Now button at the top of the page
- Create a personal account on the SOAR Platform to proceed
- Verify your email using the link sent to your mail and start your application
- Only shortlisted candidates will be contacted for an interview.
Frequently Asked Questions (FAQs)
Can I make changes to my application after submission?
No, once submitted, your application is final. Multiple entries will be disqualified, so it’s important to verify your application before submission.
How will I know if my application is accepted?
Shortlisted candidates will receive confirmation via email.
Will I receive personal feedback on my application?
Unfortunately, personalized feedback on applications is not provided.
CHECK THESE OUT:
 is set to host the 2023 edition of the SBN Annual NutriPitch Challenge, in collaboration){kind=link}