Crop2cash emerges winner of FCMB-Wennovation Agritech Demo Day

August 31, 2018
2 min read

The just concluded First City Monument Bank (FCMB) and Wennovation Hub  Agritech Demo Day saw Crop2cash win the grand prize.

Bukola Smith-Executive Director, Business Development, congratulating the winners

The programme started with a call for ideas from agro-based startups from 6 geopolitical zones in Nigeria. Then a 2-week incubation programme which culminated in a demo day on Monday,  27th August.

An initial 198 applications were received and after a 2-week review, ten startups qualified for the demo day finals.

The ten finalists are Agromart, Oga Farmer, Alosfarm, Kosher Integrated Farms, Crops2cash, Dilivas Box, Comestibles, FarmMonie, Farm Spark and Green Maple. And they all pitched to a jury with a feedback and question session immediately after every pitch.

The day's winner, Crop2cash is a startup that connects farmers to capital and profitable markets went home with equity free grant of  ₦1.25 million.

FCMB Wennovation Agritech 1
Crop2cash team with Executive Director, Business Development, Bukola Smith and others

Runners up Dilivas Box provides healthy food options for customers in boxes and helps. The judges decided their idea was solid enough for the ₦1 million second prize money.

FCMB Wennovation Agritech 3 1
Dilivas Box placed second in the competition

The FCMB-Wennovation Hub Agrictech incubation program seeks to guide early stage entrepreneurs to test and validate their ideas as well as gather their first set of customers or pivot if need be.

This will  be done through a combination of financial support, guidance and training.

FCMB Wennovation Agritech 6
Closing remark by Babajide Asegbeloyin -Team Lead Techspace Ecosystem Business (FCMB)

FCMB interestingly is fast becoming the preferred Bank in the Techspace through its different activities and programmes aimed at the development of tech startups across Nigeria.

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