The 2018 Cohort of the ScaleUp Lab Agribusiness Accelerator Programme officially came to an end on Friday, September 21, 2018. The Accelerator programme which was funded by African Capital Alliance Foundation and Accenture Nigeria was closed out with the Agribusiness Demo Day and Business Pitch Competition which provided a unique platform for the entrepreneurs to showcase their products and services and pitch to investors and funding partners. The overall winner of the pitch competition was Oluwaseun Sangoleye(CEO, Baby Grubz) who received a prize award of NGN 1,000,000. Ezekiel Olajumoke(CEO, Nectar Green Snails) and Ettahsuren Ojoi (CEO, Konet Mills Limited) also emerged as runners-up and received prize awards of NGN 500,000 and NGN 250,000 respectively.
The ScaleUp Agribusiness Accelerator Programme by FATE Foundation is a unique accelerator programme aimed at providing targeted support to growth stage high-potential Nigerian agribusiness entrepreneurs who are looking to scale their businesses, expand their market reach and attract potential investors and strategic partners.
Over 345 applications were received from all 36 states of the Federation and through a very thorough screening process, top ten (10) entrepreneurs were selected as finalists and admitted into the 2018 ScaleUp Lab Agribusiness Accelerator. The 10 entrepreneurs are: Adewale Ajao (Oyo), Celina Onoja (Abuja), Courage Agbonlahor (Benin), Ettahsuren Ojoi(Rivers), Ezekiel Olajumoke (Ogun), Friday Ejam (Lagos), Gift Udoh (Rivers), Ikechukwu Amajuoyi (Rivers), Oluwaseun Sangoleye (Lagos) and Toviho Sefinrinmi (Lagos).
The Accelerator programme kick-started on Monday, May 21, 2018 and comprised an intensive one-week Accelerator Boot Camp, Individual Growth Plan Development, GAP Advisory and Coaching sessions, Entrepreneurial Growth visits, Group Mentoring and Interactive Workshop sessions, all aimed at preparing and positioning their businesses for investor readiness and scale with regard to Customer, Capacity and Cashflow growth. Some of the areas covered in the programme include
While all the sessions were replete with new insights for the entrepreneurs and specific actionable ideas for growing their businesses, the following sessions are worthy of note:
FATE Foundation would also like to appreciate the following volunteer faculties for their extraordinary contribution to the success of the Programme:
Post programme, the top ten (10) entrepreneurs will be enrolled in a 12-month sector-specific mentoring programme as they implement their growth plans to scale, and they will be officially graduating at the FATE Annual Celebration coming up on Wednesday, November 28, 2018.