Fast Forward is an innovative Venture Fund dedicated to supporting a cohort of startups developing technology products for Nigeria’s livestock and allied industries. This program will select and back up to 10 livestock-techventures, providing essential startup funding and company-building support, including app development, growth marketing, PR, strategy, and operations.
The Fast Forward team will collaborate with founders to achieve solid unit economics and target a minimum of $20K Monthly Recurring Revenue (MRR) within six months.
Fast Forward plans to invest up to $100K in at least three companies that reach these milestones during the program. Furthermore, this venture capital initiative, which focuses on agriculture technology, aims to introduce startups to a broader network of local and regional investors, as well as global customers.
The program for Nigerian livestock-tech innovators is supported by a grant from the German development agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.
Name of Host Institution
Fast Forward
Requirements/Eligibility Criteria
Fast Forward is actively recruiting ventures with a tech focus across the entire livestock value chain, including but not limited to:
- Vaccines and R&D
- Engineering and Processing
- Health and Monitoring
- Farm Management
- Data and Analytics
- Predictive Technologies
- Financing
- Business and Education
This initiative represents a significant opportunity for entrepreneurship in the Nigerian livestock sector, fostering innovation and collaboration among startups looking to make a substantial impact in their field.
Deadline
Not specified
One response
Great insight into the efforts being made to boost technology in Nigeria’s livestock sector. The support from the venture fund seems like a promising opportunity for startups. Just curious, how are these startups selected for funding? Also, do you think this has the potential to attract more international investment? Looking forward to hearing more about its impact down the line. Cheers!