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  The MasterCard Foundation is organizing the AgroHack Challenge for Nigerian entrepreneurs in the agriculture space. The MasterCard Foundation is in collaboration with ProvidusBank and the Enterprise Development Center. If you have an idea that sits anywhere on the agricultural value chain, you could enter the competition for a chance to win up to ₦1 million, alongside other benefits.
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This program exists to power rapid growth in the agriculture and food sector. Its organizers say they intend it to increase output and profitability for farmers, create new jobs, and increase food security in Nigeria. Ultimately, the ideas and businesses spotlighted by the program could go on to contribute positively to the growth and development of the local economy.

Benefits

The AgroHack Challenge could deliver the following benefits to participants and winners:
  • The chance to win up to ₦1 million
  • Take part in an accelerator program
  • Participate in a 5-day enterprise boot camp
  • Be mentored by a team of experts and experienced international mentors
  • Gain access to investors
  • Connect with potential clients
  • Take advantage of new market opportunities

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Eligibility

This program is open to persons who meet the following criteria:
  • Must be between 18 and 35 years old
  • Should have a team with at least 2 members
  • Must have an innovative or scalable idea or business model in the agricultural sector (from farm to the consumer’s dinner table)
  • Should have a positive impact locally, regionally, or globally
  • Must have a minimum viable product
  • Should have a business with a well-defined customer segment

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Applications will remain open until September 25, 2023. If you would like to apply for this opportunity, you can do so HERE. Featured Image Source: Arewa Cool Music
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This article was first published on 8th August 2023

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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