L&L Foods Wins $15,000 NES Startup Prize [2017]

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.

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