Flour Mills of Nigeria Plc (FMN) has commenced a social impact campaign to encourage and foster innovation within the food systems in the country.
The integrated food and agro-allied group and owners of the notable food brand, “Golden Penny”, said the campaign tagged: “FMN Prize for Innovation,” is designed to inspire and revitalise food production in the country and contribute to attaining the 2030 Agenda for Sustainable Development.
The firm said each year, the prize will focus on a different element of the food value chain to generate new and imaginative ways of thinking and encourage novel solutions to established problems.
It said starting from today, operators within the food system, including all activities in the value chain that covers feeding and nourishing people, from growing, harvesting, packaging, processing, transporting, and marketing, can send in their applications for the prize with the prospects of winning the start Prize of N3 million.
FMN’s director of Group Strategy and Stakeholder Relations, Sadiq Usman, said, “A significant number of the challenges facing the food systems in Nigeria today, including low productivity due to damaged crops, limited access to agricultural value chains, and food loss or wastage, can be solved by creative thinking and the right investment in innovation. And that is where companies like ours come in.
“The prize for innovation is another way of demonstrating FMN’s commitment to enriching lives and empowering commitment by investing in not just the development of the food value chain but in capacity development and access to resources.”
Listed as judges for the FMN Prize for Innovation are Sadiq Usman, director of Strategy and Stakeholder Relationship for Flour Mills; Mira Mehta, CEO and founder of Tomato Jos Farming and Processing Limited; Adeyinka Adeyemi, CEO, Fate Foundation, and Mezuo Nwuneli, a private equity investment advisor.
The first category will be open to entries from Micro, Small and medium scale enterprises in Nigeria and will be expected to address food loss and wastage in the food production process.
Entries must be situated within the food value chain and be accompanied with proof of business registration.
Entries will also be judged for creativity and a clear map to scale by technical stakeholders in the Agro- Allied and Food Processing sectors and will be judged for effectiveness, creativity, and scalability. The top prize for this category is N3 million.
The second category will be open to entries from Nigerian students, undergraduate or postgraduate level, even as ideas will be expected to tackle loss and waste in the food production process and judged based on viewer’s choice (all Nigerians).
Participants will be required to send in a video pitch of their ideas and to post the same on their social media handles, tagging FMN.
FMN further noted that ten of the most innovative entries will then be reposted on FMN’s social media handles while participants solicit for votes via likes and engagements.
The three entries with the most engagements will then be rewarded with the 1st,2nd, and 3rd place winners receiving N300,000 N200,000 N100,000 respectively.
While urging interested participants to log on to https://prizeforinnovation. fmnplc.com/ to send in their entries, it said entries for the first category ends on January 6, 2022, while entries for the second category end