If your startup has the potential to create ground-breaking, tech-enabled solutions in your industry, seize the opportunity by submitting your application to the NSIA Prize for Innovation 2024. Stand a chance to win up to US $220,000 in prizes and embark on an all-expense paid training program in Silicon Valley, USA.
Sponsored by the Nigeria Sovereign Investment Authority (NSIA), the NSIA Prize for Innovation (NPI) aims to foster innovation in Nigeria’s digital ecosystem and support indigenous solutions capable of driving socio-economic development.
The NPI is crafted to incentivize and nurture creativity within the digital ecosystem, providing funding for early-stage, growth-driven solutions. Its ultimate goal is to catalyze transformative economic growth, enhance the nation’s productive capacity, and generate employment opportunities.
Prizes
- Ten (10) finalists will be awarded various prizes. The top three (3) winners will receive a combination of cash and equity to fuel their startups. They will secure funds in a 75:25 equity and cash ratio, in exchange for a stake in their company determined through valuation.
- The top ten (10) finalists will participate in a fully funded, 5-week training program at a prestigious US university in Silicon Valley. They will also have the opportunity to pitch to angel investors and gain global exposure.
Eligibility Criteria
- Open to startups offering ground-breaking, tech-enabled solutions in any industry.
- Priority sectors for the program include Financial Services, Agriculture, Health, Education, Manufacturing, Logistics & E-mobility, E-commerce & Marketplaces, and Climate. However, applicants from other sectors are encouraged to apply as well.
Application Deadline
The application deadline is March 3, 2024. Late submissions will not be considered.
How to Apply For NSIA Prize for Innovation 2024
To apply, click here. You can also click here for more information.
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