L&L Foods, a peanut maker, have been named winner of the first ever Nigerian Economic Summit Group pitch contest currently going on at the Transcorp Hilton, Abuja.
The non-tech startup peanut producer beat 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 and winner of $10,000 prize. Mypaddy.ng a platform that helps students find campus accommodation got the third position and a $5,000.
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. Businessday.