Agroye, an AgriTech startup, is organizing “My 500k Agribusiness Plan” competition for aspiring Nigerian entrepreneurs. As the competition’s name implies, Agroye is seeking to support new, small-scale agro-ventures with up to ₦500,000. It wants to inspire people who want to delve into agriculture to begin their journey into the space by drawing up decent business plans.
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Following the deadline for the submission of the “My 500k Agribusiness Plan” entries, the top 5 applicants will be announced on Agroye’s social media handles and website. These finalists will then take part in an online pitch session slated for later in October. Winners will be selected by Agroye’s panel of judges, based on criteria such as business feasibility, resource management, community impact, use of technology, community impact, and the uniqueness of their solution.
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Benefits

The top 3 participants will receive the following prizes:
  • First Place: ₦500,000
  • Second Place: ₦300,000
  • Third Place: ₦200,000
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Eligibility

This competition is open to persons who meet these criteria:
  • Must be between the ages of 18 and 35 at the time they apply
  • Applicants’ business must be new or registered not more than 2 years prior to the start date of the competition (2ndof September 2024)
  • For registered businesses, annual revenue must not exceed ₦1 million
Find out more about this opportunity and apply for it HERE.
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This article was first published on 31st August 2024 and updated on October 3rd, 2024 at 12:22 pm

ikenna-nwachukwu

Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

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