NSIA Prize for Innovation 2024- Application Link and Guidelines

NSIA Prize for Innovation 2024- Application Link and Guidelines

NSIA welcomes applications for its NSIA Prize for Innovation 2024 Program. The NPI is sponsored by the Nigeria Sovereign Investment Authority (NSIA) to bolster innovation in Nigeria’s digital ecosystem, and support homegrown solutions that can drive socio-economic development.

Can your startup create ground-breaking, tech-enabled solutions in your industry? If yes, here is an opportunity for you to submit your application to NSIA Prize for Innovation 2024. Up to US $220,000 to be won in prizes and an all expense paid training program in Silicon Valley, USA.

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NPI is designed to encourage and support ingenuity within the digital ecosystem and fund early-stage, growth driven solutions, with the aim of driving transformative economic growth, enhancing the nation’s productive capacity, and creating jobs

Programme Stages:

1) Pre-selection Stage: At this stage, innovators submit their applications through an application portal. Applicants are expected to provide details regarding their digital products/services and business models.

2) Accelerator Stage: Shortlisted innovators will participate in an accelerator programme designed to train, mentor and equip them with the tools required to succeed. Participants at this stage will be judged by an independent panel of expert judges and ten (10) finalists will move on to the final stage (demo day).

3) Final Stage (Demo Day): Each of the ten (10) finalists will be allotted time slot to present their pitch to the judges. The judging panel will review the submission and rank the winners from 1st to 10th.

Link to Apply for NSIA Prize for Innovation 2024

All interested applicants are encouraged to visit the official NSIA link via https://nsia-ip.com/submit-your-entry/ and submit their applications for NSIA Prize for Innovation 2024.

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Requirements for NSIA Prize for Innovation 2024

For you to be eligible for NSIA Prize for Innovation 2024,you are expected to meet the following conditions below:

  • One of the founders must be a Nigerian Citizen
  • Applicants must be 18 years or older
  • Applicants must be running Innovative tech-focused or tech enabled businesses/startups
  • The business should have operated for not less than six months and operating in or with a presence in Nigeria
  • The business should be looking to raise a seed round
  • The business should have developed a minimum viable product (MVP)
  • Applicants must be willing and able to commit to a 4-week fast track accelerator program
  • Only one application is permitted per applicant irrespective of the sector. Subsequent applications will be disqualified

Targeted Sectors:

The priority sectors for the programme are: Financial Services, Agriculture, Health, Education, Manufacturing, Logistics & E-mobility, E-commerce & Marketplaces, and Climate. However, applicants that operate outside these priority sectors are still encouraged to apply.

Prize to be won:

First prize: $100,000

Second prize: $70,000

Third prize: $50,000

4TH to 10TH: $5,000 each

How to Apply for NSIA Prize for Innovation 2024

Interested candidates should apply via https://nsia-ip.com

Kindly note: The programme rules allow for only one application per applicant. Subsequent applications will be disqualified.

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