NSIA Prize for Innovation (NPI) 2.0 for Nigerian Entrepreneurs (Up to $220,000 Prize) | Apply Now!

February 15, 2024

The Nigeria Sovereign Investment Authority (NSIA) proudly presents the NSIA Prize for Innovation (NPI) 2.0, a prestigious initiative aimed at nurturing groundbreaking, tech-enabled solutions within the country’s digital ecosystem.

NPI 2.0 serves as a platform for Nigerian innovators to showcase their ingenuity and creativity. Through funding, mentorship, and networking opportunities, the program empowers entrepreneurs to turn their bold ideas into reality, thereby driving progress and prosperity for the nation.

NSIA Prize for Innovation (NPI) 2.0 – Overview

NPI is an opportunity for visionary entrepreneurs looking to make their mark in the tech industry. Sponsored by the Nigeria Sovereign Investment Authority, NPI 2.0 is designed to propel Nigeria’s digital sector forward.

The NSIA Prize for Innovation 2.0 is driven by a commitment to promoting economic growth and development within Nigeria. It supports homegrown innovations to unlock the nation’s latent potential and create a ripple effect of positive socio-economic impact.

Objectives of the NSIA Prize for Innovation

To honor and award Nigerian entrepreneurs and innovators working in the tech sector.
To catalyze early-stage investment for entrepreneurs.
To advise and provide entrepreneurs with the resources they need to scale and achieve product-market fit.
To introduce entrepreneurs of startups to possible investors.
To establish a network of interconnected people to guarantee cooperation throughout the ecosystem.

Prizes and Benefits

The NSIA Prize for Innovation offers a range of prizes and opportunities for participants, including:

Up to US$220,000 in Prizes: Ten finalists will have the chance to win varying prizes, with the top three winners receiving a mix of cash and equity to support their startups.
Training Programme in Silicon Valley: All finalists will participate in an all-expense paid, 5-week training program at a top-rated US university in Silicon Valley. This immersive experience provides invaluable insights and networking opportunities.
Pitching to Investors: Finalists will also have the opportunity to pitch their ideas to angel investors, gaining exposure and potential funding for their ventures.

Requirements

To be eligible for the NSIA Prize for Innovation, applicants must meet the requirements below:

Nigerian Citizenship: At least one founder must be a Nigerian citizen.
18 years or older.
Tech-Focused Business: Businesses must be innovative tech-focused or tech-enabled startups.
Operational History: The business should have operated for at least six months and have a presence in Nigeria.
Seed Round: Applicants should be looking to raise a seed round of funding.
Minimum Viable Product: The business must have developed a minimum viable product (MVP).
Commitment to Accelerator Program: Applicants must be willing and able to commit to a 4-week fast-track accelerator program.

How to Apply

To apply for the NSIA Prize for Innovation, visit the Nigeria Sovereign Investment Authority (NSIA) website at https://nsia-ip.com/submit-your-entry/ Follow the application process outlined here.

The application process involves providing detailed information about yourself, your company, your team, your product, and your investment plans.
After submission, applications will undergo a thorough review process to select the most promising candidates.

For more details, please visit the NSIA website at https://nsia-ip.com/?fbclid=IwAR3228kFjuI4GKJODE4cW_acS-vNF8E7d3qRa6gDrNxoVbmU3IgHuFc6-BE

Application Deadline

The deadline for applications is March 3, 2024.

NSIA Prize for Innovation (NPI) 2.0 for Nigerian Entrepreneurs (Up to $220,000 Prize) | Apply Now!

NSIA Prize for Innovation (NPI) 2.0 – Overview