Fast Forward is launching a program to support a cohort of startups focused on developing technology products for Nigeria’s livestock and related industries. The initiative will select and provide backing for up to 10 livestock-tech ventures, helping them with capital and comprehensive support in areas such as app development, growth marketing, public relations, strategy, and operations. The Fast Forward team will work with founders to help them achieve growth and achieve a minimum monthly recurring revenue (MRR) of $20,000 within six months.
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This program for Nigerian livestock-tech innovators is made possible through a grant from the German development agency, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.
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Benefits

Fast Forward plans to invest up to $100,000 in at least three companies that meet the specified milestones within the designated timeframe. In addition to this, the venture studio, with a presence in both the US and Africa, will connect these startups with local and regional investors, as well as global customers through its extensive network.
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Eligibility

To qualify, applicants must be technology-driven ventures operating across the entire livestock value chain, including areas such as inputs, feeding, storage, genetics, breeding, vaccines, aquaculture, and more. Eligible startups may focus on sectors like vaccine research and development, engineering and processing, health and monitoring, farm management, data analytics, predictive technologies, financing, and education. While having at least one co-founder is encouraged, Fast Forward will also consider applications from single-founder companies. Apply HERE.
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This article was first published on 6th November 2024

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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