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scaleup@fatefoundation.org

ScaleUp Lab by FATE Foundation is a unique Accelerator Programme aimed at providing targeted support to growth stage high-potential ventures within the targeted growth sectors of the Nigerian economy namely:

  • ScaleUp Agribusiness Accelerator Programme
  • ScaleUp Health Accelerator Programme
  • ScaleUp Creatives Accelerator Programme (Coming soon)
  • ScaleUp Education Accelerator Programme (Coming soon)

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 FATE Foundation and supported by Africa Capital Alliance (ACA) Foundation.

COURSE FEATURES

Bootcamp      1

 Workshops   33

 Duration       6 Months

 Skill level      Intermediate

 Language      English

Participants   10

 Certificate    Yes

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 April 2019 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 5th, 2019.

Application opens on Tuesday, February 26, 2019 and closes at 12:00 midnight WAT on Sunday, March 17, 2019.

Eligibility Criteria

Applicant must be

  • Be a Nigerian citizen (male or female)
  • Be between ages 21-40 as at March 30th, 2019
  • 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 venture at the growth stage, currently in operation and generating income
  • Have a minimum annual turnover of Fifteen Million Naira (₦15,000,000) only
  • Have minimum three (3) full-time highly skilled staff in 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, April 15, 2019 – Friday, April 19, 2019) and ALL other activities required throughout the duration of the programme from Monday, April 15, 2019 – Saturday, August 10, 2019
  • 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

When can I apply?

Application opens on Tuesday, February 26, 2019 and closes at 12:00 midnight WAT on Sunday, March 17, 2019. Applications submitted after the deadline will not be accepted.

Who is eligible to apply?

  • Be a Nigerian citizen (male or female)
  • Be between ages 21-40 as of March 30th, 2019
  • 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 venture at the growth stage, currently in operation and generating income.
  • Have a minimum annual turnover of Fifteen Million Naira (₦15,000,000) only.
  • Have minimum three (3) full-time highly skilled staff in 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, April 15, 2019 – Friday, April 19, 2019) and ALL other activities required throughout the duration of the programme from Monday, April 15, 2019 – Saturday, August 10, 2019.
  • Able to cover all personal, transportation or communication costs.

Can I apply even if my business is not based in Lagos?

Yes, all eligible applications will be accepted and evaluated regardless of your location within Nigeria. 10 finalists will be selected based on merit and logistics support will be provided for non-Lagos based participants.

Are Foundations, Non-profits or NGOs eligible?

The programme supports only for-profit and social-enterprise agribusinesses.

Is there a fee to participate?

There is no fee to apply or participate in the Agribusiness Accelerator Programme. However, participants are to cover all personal, transportation or accommodation costs on their own.

If I have two agribusinesses, can I apply with both?

Only one application will be accepted per person, so we advise that you present your stronger business.

Can I apply if my business is not within the agribusiness sector?

Only businesses in the Agribusiness value chain (Input supply, crop/animal production, processing, packaging, logistics & distribution, trading & retailing, etc.) are eligible to apply.

Can I apply even if my business is not registered?

Unfortunately, we will only consider registered businesses and we will request for a copy of your CAC certificate if shortlisted.

If I became 41 years old in March 2019, am I eligible?

No, only applicants who are 40 years old as at March 30th, 2019 are eligible to apply.

Is my company eligible if I founded it with someone else?

Yes, your company is eligible but only one participant per business will be accepted into the programme.

How do I know that my application has been received?

You will get a confirmation email upon successful application. Candidates who are shortlisted for the next stage will be contacted via email.

APPLICATION REQUIREMENTS

What do I need for my application?

  • Complete the online form
  • Be prepared and available for your interview session (physically if based in Lagos or virtually if based outside Lagos)
  • You will be required to present supporting documents if shortlisted.

Can I make changes in my application after I have submitted it or can I do a fresh application instead?

No, once you have submitted it is final and you will not be able edit the application. Also, multiple entries will be disqualified. So we encourage you to verify your application carefully before submitting.

How will I know if my application is accepted for participation in the programme?

Shortlisted candidates will be contacted via email.

Will applicants receive personal feedback about their application?

Unfortunately, we will not be able to provide personalised feedback on your application.

Where should I send my questions?

If you have any questions that were not included in this section, please email scaleup@fatefoundation.org with the subject line “Agribusiness Accelerator Enquiry”, or call 0813-187-8271.

2018 Faculty

Ms. Edobong Akpabio, ScaleUp Agribusiness Course Director (2018) & CMO, Organic Green Animalia Farms

Ms. Wendy Emesie Head, External Relations,
ACA Foundation (Selection Process Panel Member)

Mr. Mohammed Garuba, Partner,
CardinalStone Partners Limited (Am I Enough?)

Mr. Taiwo Oyaniran, Senior Manager,
PwC Nigeria (Overview of the Nigerian Agricultural Value Chain)

Ms. Esther Adegunle, Industry Analyst,
PwC Nigeria (Overview of the Nigerian Agricultural Value Chain)

Mr. AfricanFarmer Mogaji, Owner,
X-Ray Farms Consulting (Opportunities to reach larger markets in the Agribusiness Space)

Mr. Temitope Adegoroye, Manager,
Sahel Consulting Agriculture & Nutrition Limited (Agribusiness Ecosystem Mapping)

Mr. Busuyi Okeowo, Market Systems Consultant,
DFIF-MADE (Partnerships to Scale)

Mr. Onyeka Akumah, Founder & CEO,
Farmcrowdy Limited (Exploring Disruptive Innovation in the Agribusiness System – The Farm Crowdy Story)

Mr. Kayode Oyewole, Startup Adviser,
Ventures Platform (Technology as an Accelerator)

Mr. Benjamin Jemirade, Lead Consultant,
Res Agnum & Boon Consulting (Opportunities to reach larger markets in the Agribusiness Space)

Mr. Ibrahim Buwanhot, Founder,
Interkon Solutions Limited (Who & Where is My Market?)

Dr. Uyi Ima-edomwonyi, Lead Partner,
Gavrinda Advisory (Becoming Investor Ready)

Mr. AfricanFarmer Mogaji, Owner,
X-Ray Farms Consulting (GAP Review and Advisory Session – Growth Advisory)

Ms. Edobong Akpabio, CMO,
Organic Green Animalia Farms (GAP Review and Advisory Session – Growth Advisory)

Mr. Saheed Onibudo, Managing Partner,
DS Professional Services (GAP Review and Advisory Session – Tax Advisory)

Mr. Friday Samson, Audit & Assurance Associate,
Shelze Consulting (GAP Review and Advisory Session – Tax Advisory)

Ms. Oiza Mayaki, Financial Consultant,
Shleze Consulting (GAP Review and Advisory Session – Tax Advisory)

Mr. Muyiwa Faulkner, Senior Executive, Growth,
Flutterwave Inc. (GAP Review and Advisory Session – Finance Advisory /Digital Payment)

Mr. Wale Hassan, Head, Strategic Product Partnerships,
Flutterwave, Inc. (GAP Review and Advisory Session – Finance Advisory /Digital Payment)

Dr. Dele Oyeku, Director
Extension and Linkage, FIIRO (Growth Support Visit to FIIRO)

Ms. Sylvia Oyinlola, Head Administration, West Africa,
International Institute of Tropical Agriculture (IITA), Ibadan (Growth Support Visit to IITA)

Mr. Ambrose Okolo, Director,
Business Catalysts Nigeria Limited (Developing a Flexible Growth Budget)

Marian Olaiya, Principal,
Marian’ Funmi Oguntona & Co. (Understanding Business Ethics)

Mr. Temitope Olabode, Fmr. Senior Financial Anaylst,
Chevron Nigeria (Developing Effective Pricing Strategies)

2019 Faculty

Our 2019 Faculty comprises experienced facilitators, advisors and mentors who are accomplished business owners and senior level professionals and are passionate about positioning agribusinesses to scale. Details will be provided soon.