Call for Applications: FMN Prize for Innovation 5.0 For MSMEs and Students | Up to N10 Million

The fifth season of the FMN Prize for Innovation (FMN PFI 5.0) is now open for applications. This year’s edition focuses on Innovative Practices in Cassava Production and Processing, aimed at improving efficiency, sustainability, value addition, and overall competitiveness within Nigeria’s cassava value chain.

About the Prize

The Prize for Innovation is an initiative of Flour Mills of Nigeria Plc (FMN), designed to drive transformative solutions across Nigeria’s food and agro-allied sector.

The competition features two distinct categories to encourage participation from both enterprise-driven innovators and academic researchers.

Categories & Eligibility

1\. SME Category

Open to:

Registered Nigerian Micro, Small, and Medium Enterprises (MSMEs)

Businesses operating within the food and agro-allied sector

Enterprises developing innovative solutions in cassava production, processing, or value addition

Prizes:

First Prize: ₦5,000,000

Second Prize: ₦3,000,000

Third Prize: ₦2,000,000

2\. Student Category

Open to:

Nigerian undergraduate and postgraduate students

Students enrolled in recognized tertiary institutions

Applicants proposing innovative solutions to challenges in cassava production and processing

Prizes:

First Prize: ₦300,000

Second Prize: ₦200,000

Third Prize: ₦100,000

Focus Area: Innovative Practices in Cassava

Submissions should demonstrate one or more of the following:

Improved productivity or yield optimization

Efficient processing technologies

Reduction of post-harvest losses

Sustainable and climate-smart practices

Market expansion or value-chain enhancement

Technological integration (e.g., automation, digitization, biotechnology, etc.)

Entries will be evaluated based on innovation, feasibility, scalability, sustainability, and overall impact within Nigeria’s cassava ecosystem.

How to Apply

1. Visit the official application portal:

2. Select the appropriate category (SME or Student).

3. Complete the online application form.

4. Submit all required documentation before the stated deadline.

Apply here