Agroye's 500K Agribusiness Idea Competition For Nigerians | Detailed Guide

Agroye invites young agripreneurs to apply for the 2024 My 500K Agribusiness Idea Competition. Agroye is an agritech startup focused on increasing the number of farmers in Africa and beyond.
This competition is designed to encourage young entrepreneurs to turn their agribusiness ideas into business plans and grow them into successful ventures, regardless of their current size.

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Summary of Agroye My 500K Agribusiness Idea Competition

• Host Country: Nigeria
• Category: Competitions
• Eligible Countries: Nigeria
• Prizes: ₦1 million in total
• No IELTS required
• Deadline: October 12, 2024

Eligibility Requirements for Agroye Agribusiness Idea Competition

To be considered for this competition, you must:

• Be between 18 and 35 years old at the time of entry.
• Have a new business idea or a business that was registered no more than two years before the competition started on September 2, 2024.
• If you have a registered business, its annual revenue must not exceed ₦1 million.

Benefits of My 500K Agroye Agribusiness Idea Competition

The competition prizes are:
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 practical and relevant is the business idea to the agricultural sector?
• Resource Management and Financial Projections: How well are resources managed, and are financial estimates realistic?
• Community Impact: How will the business positively impact the community?
• Use of Technology: How effectively does the business incorporate technology?
• Unique Solution to an Existing Problem: How innovative is the solution to an agricultural challenge?

Note: Proposals that are generated by AI or copied from other sources will be disqualified.

How to Apply for Agroye 500k Competition ( Step to Step guide)

1. Create a business plan or pitch that outlines how you would use ₦500,000 as an investment. An optional template guide is available.
2. Record a one-minute video where you introduce your business idea. Share it on any social media platform using the hashtag #500k agribusiness and tag Agroye’s official account.
3. Fill out the entry form on the Agroye website. Provide the link to your video and upload your business plan.
4. Participation is free.
5. Submit your application by 11:59 PM WAT on October 12, 2024. Late entries will not be considered.


Click Here to Apply