L&L Foods, a peanut maker, have been named winner of the first ever Nigerian Economic Summit (NES) Group pitch contest.
The non-tech startup peanut producer emerged winner over seven other startups to emerge winner of the maiden contest and secure $15,000 in funding.
Accounteer, a cloud accounting tech startup was the first runner-up and winner of $10,000 prize. Mypaddy.ng a platform that helps students find campus accommodation got the third position and a $5,000 prize.
There were a total of 263 startups that applied to take part in the competition via Ventures for Africa platform. The number was later narrowed down to eight start-ups.
Six of the eight were tech solution providers such as African-Based E-library Academix, Accounteer, Ed-tech firms Insight Africa and Edusko; Mypaddy.ng and Fintech Startup Piggybank.ng. The two non-tech startups were L&L Foods and Condiments Producer Ojoro Kitchen.