ScaleUp Lab, FATE Foundation Agribusiness Accelerator Programme

The Agribusiness Accelerator Programme targets outstanding Nigerian agribusiness entrepreneurs (Founders, CEOs and Owner-managers) whose businesses are currently at growth stage and who are looking to scale their business expand their market reach and attract potential investors and strategic partners.

Programme duration is 4-6 months and includes a one-week accelerator bootcamp, interactive workshops, consulting sessions, business support services, one-on-one and group mentoring sessions with a team of seasoned sector faculty members and advisors.

The Agribusiness Accelerator Programme is implemented by ScaleUp  Lab, FATE Foundation and supported by Africa Capital Alliance (ACA) Foundation.

Key focus areas:

  • Input Supply
  • Animal and/or Crop Production
  • Processing
  • Packaging
  • Logistics and Distribution
  • Trading and Retailing
  • Financing

Start of Programme: The Agribusiness Accelerator Programme will commence in May, 2020 with an induction session and an intensive one-week accelerator bootcamp in Lagos. This will be followed by a detailed GAP Analysis to help each entrepreneur develop an individual growth plan and tailored roadmap that addresses the growth needs of the business to scale.

Programme Sessions: The sessions are designed for capacity building through workshop and coaching sessions, peer learning and feedback, one-to-one mentoring and individual growth support for each participating entrepreneur and business. Entrepreneurs will have opportunities to meet and interact with several entities including agribusiness experts, experienced entrepreneurs, senior-level professionals, advisors, mentors, partners and investors. Finally, a Demo Day will be held at the end of the accelerator programme which will provide a platform for the entrepreneurs to showcase their innovative agribusiness solutions and pitch to key funding partners.

End of Programme: The programme will close out with the official graduation and presentation of certificates at the FATE Annual Celebration on Thursday, December 3rd, 2020.

Eligibility Criteria

Applicant must

  • Be a Nigerian citizen (male or female).
  • Be between ages 21-40 as at April 10th, 2020.
  • Be Founder,Owner manager or CEO of a growth stage agribusiness venture. (Only one applicant per business will be accepted).
  • Be operating a CAC registered agribusiness ventureat growth stage, currently in operation and generating income.
  • Have minimum annual turnover of Fifteen Million Naira (₦15,000,000) only.
  • Have a minimum of three (3) full-time highly skilled staff in a managerial capacity (excluding part-time staff and low/semi-skilled staff).
  • Available to participate FULL-TIME in the one-week boot camp in Lagos between Monday, May 25, 2020 – Friday, May 29, 2020 and ALL other activities required throughout the duration of the programme from Wednesday, June 10, 2020 – Saturday, August 8, 2020. 
  • Able to cover all personal, transportation or communication costs.

Programme Flow

  • Call for Application
  • Shortlisting & Enrolment of 10 Agribusiness Entrepreneurs
  • Agribusiness Boot camp
  • Gap Assessment:
  • Product/Service Development & Sustainability
  • Business & Operating Model
  • Access to Market
  • Financial Management
  • Develop Growth Plan of Individual Participants
  • Implementation of Accelerator Support in line with Growth Plan
  • Demo Day & Business Pitch Competition
  • Graduation of Fellows

How to Apply
If you are interested in applying for this opportunity, kindly follow the link below to apply

Click here to apply for the ScaleUp Lab, FATE Foundation Agribusiness Accelerator Programme

Application opens on Friday, March 13, 2020 and closes at 12:00 midnight WAT on Sunday, April 12, 2020.

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Utibe Etim is a social entrepreneur, a business developer, and an IT expert. He is committed to solving some of the biggest problems in entrepreneurship eco-system by supporting young entrepreneurs in identifying opportunities and resources to help them plan, start and grow their businesses. He is the founder of UtibeEtim.com, a platform that focuses on promoting entrepreneurship as a viable career option and a solution to unemployment for young Nigerians and Africans which in turn create wealth and economic development. Utibe Etim develops business plans, feasibility studies, website development, social media marketing just to mention a few. He writes unique and inspiring articles and share tips on business and technology. You can connect with him on Facebook personal profile or Facebook Business page or Twitter: @Twitter or Phone: 07031542324 or or contact me on info(at)utibeetim.com or utibeman(@)gmail.com

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