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| Innovative Ideas Sought for Mastercard Foundation AgroHack Challenge 2024: Up to 1 Million Naira and Mentorship |
Overview of the Mastercard Foundation AgroHack Challenge
The Mastercard Foundation AgroHack Challenge invites innovative ideas within the agriculture industry's value chain, aiming to accelerate these ideas to create new opportunities for young Nigerians. This guide details the requirements, rewards, and application procedure for interested candidates.
Summary of the AgroHack Challenge
- Host: MasterCard | Pan-Atlantic University
- Category: Competitions | Training
- Eligible Country: Nigeria
- Reward: 1 Million Naira Grant | Mentorship | Enterprise Bootcamp
- Deadline: October 7, 2024
Key Objectives and Mission
The primary goal of the Mastercard Foundation AgroHack Challenge is to harness innovative solutions that enhance rapid growth in the agriculture food sector. This initiative aims to increase output and profitability for farmers, create new jobs, and boost food security in Nigeria. The Mastercard Foundation envisions a world where everyone has the opportunity to learn and prosper, regardless of their starting point in life. Through education, financial services, and skills training, the foundation helps economically disadvantaged young people in Africa find opportunities to move themselves and their communities out of poverty.
Requirements for Participation
To be eligible for the Mastercard AgroHack Challenge, applicants must:
- Be aged between 18 and 35.
- Have a team with a minimum of two members.
- Possess an innovative or scalable business idea or model in the agricultural sector (from farm to fork).
- Aim to transform a community, nation, region, or have a global impact.
- Have a minimum viable product.
- Have a business model with a clear customer segment.
- Show any market traction.
Rewards and Benefits
Participants in the 2024 Mastercard AgroHack Challenge stand a chance to:
- Win up to one million naira.
- Join an accelerator program.
- Attend a 5-day enterprise boot camp.
- Receive intense mentorship from a pool of international mentors.
- Access business support services.
- Connect with investors.
- Reach potential clients and explore new market opportunities.
Application Process
To apply for the Mastercard Foundation AgroHack Challenge, interested and qualified applicants should:
- Visit the program’s webpage by clicking this link.
- Apply for the AgroHack Challenge using the "Apply Now" button.
The Mastercard Foundation AgroHack Challenge provides an excellent opportunity for young innovators in Nigeria's agricultural sector to gain recognition, mentorship, and financial support to bring their ideas to life.
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