Deadline: August 31, 2023
Applications are open for the British American Tobacco Nigeria Foundation (BATNF) Farmers for the Future Grant 2023. The Farmers for the Future (F4F) Grant is an Agricultural Entrepreneurship grant designed to support young people with viable Agri-Business with equity-free capital and other associated support they may require to scale their businesses.
The project is an initiative developed and sponsored by the British American Tobacco Nigeria Foundation (BATNF) in partnership with NYSC and implemented by FATE Foundation. It is targeted at currently serving National Youth Service Corps (NYSC) members – as part of BATNF’s drive to encourage and support the youth in sustainable agriculture.
Benefits
- The top 6 finalists will win an equity-free grant of NGN 10 million:
- ₦3m for the first Prize
- ₦2m for 2nd Prize
- ₦1m for 3rd Prize
- Linkage to financial institutions and investors for follow-on financing and/or credit facilities.
- Winners will get technical support to establish their agribusiness.
- Participation in an intensive “Think-through-your-business” boot camp
- Mentorship under seasoned entrepreneurs and Agric Experts
- Membership of the F4F alumni network
- Participation in other partner-drive training programs
- Support with business registration & other legal & regulatory requirements
Eligibility
- Open to all active serving Corp Members, with at most 3 months remaining to the completion of their service year. Specifically, Corp Members of Batch 22C and 23A.
- The youth challenge is strictly organized to accommodate businesses in and around the Agricultural sector. Specifically, businesses that fall into the following categories: Crop Farming, Livestock/ Animal Husbandry, Agricultural Product Logistics and Distribution, Agro Commodity Trading, Aquaculture, Horticulture, Agricultural Mechanization, Agricultural Produce Processing, AgTech, Agric Financing, Agric Education and Stakeholder Support.
- You can apply as a single founder. However, they appreciate balanced teams who have a full range of skills. They strongly advise you to have a team who balance your skillset.
Application
The stages of the competition are:
- Submit Your Application: The online application portal will be available for you to send in your applications.
- Virtual Bootcamp: 20 Selected businesses will go through a rigorous virtual bootcamp where they will refine their business thesis and build a compelling pitch.
- Pitch Event & Award: The top 10 businesses from the bootcamp will pitch before a panel of expert judges and investors. 3 winners will be selected.
- Mentorship: The 3 Winners will be given financing to execute, strengthen, advance and scale their businesses under the guidance of seasoned mentors. They will also be connected to the relevant networks they require to make progress.
- Join The Farmers for the Future Alumni: Continue to enjoy exclusive access to expert mentorship, insider opportunities and a robust support network that will open doors to follow on financing, new markets, etc.
For more information, see FAQ and visit Farmers for the Future Grant.
