Oluwaseun Sangoleye, 1st place; Juliet Aigbe, 2nd place, and Amaka Adekoya, third place emerged winners at the NutriPitch – Nourish Nigeria Challenge, which held recently at the Lagos Intercontinental Hotel Victoria Island themed ‘Rethinking Nutrition Innovation’.
The three winners who emerged amongst the 10 shortlisted applicants for Local Elevator Pitch Competition were provided a platform to showcase their products and pitch to key funding partners and potential investors with the first place winner to represent Nigeria at the Global Elevator Pitch Competition in Singapore in April 2020. They also won cash prizes of N500,000 for the first place winner, N300,000 for the second place winner and N200,000 for the third place winner respectively.
The NutriPitch – Nourishing Nigeria Challenge which was birthed in collaboration with FATE Foundation, Scaling-up Nutrition (SUN) Business Network, and Global Alliance for Improved Nutrition (GAIN) is geared towards supporting food and safety focused businesses who innovatively support the value chain in scaling up nutrition to diet and improve malnutrition issues in Nigeria.
Speaking about the initiative, Executive Director, FATE Foundation, Adenike Adeyemi, congratulated the winners whilst cheering them of the well-deserved win. She noted that participants of the competition were Growth Stage Businesses who develop or adopt technological solutions to the key areas of Food Design, Post-Harvest Loss Reduction, Market Connectivity and Food Safety.
“The competition was designed to equipped participants with key insights, skills, tools as well as resources to develop market-based solutions that address diet quality gap and its need in the Nigerian market. They were also thought viable strategy for scaling their enterprises in a financially sustainable manner with a validated business model, how to effectively communicate as well as engage in investment opportunities with local, international and funding investors/organisations”.
She also expressed delight at the successfully conclusion of the programme, thanking all the partners such who supported programme to make it a success.
FATE Foundation is a non-profit private-sector led organisation created in March 2000 to tackle the high rate of unemployment and poverty in Nigeria with the aim of enabling aspiring and emerging Nigerian entrepreneurs start, grow and scale their businesses while also facilitating the development of an enabling business environment and thriving ecosystem.
