Call for Application: NSIA Prize for Innovation NPI $220,000 2024

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NSIA Prize for Innovation NPI $220,000 2024

The Nigeria Sovereign Investment Authority (NSIA) sponsors the NSIA Prize for Innovation (NPI) in an effort to promote indigenous ideas that might propel socioeconomic growth and to foster innovation in Nigeria’s digital ecosystem.

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.

Also Apply: Cascador Accelerator 2024 For African Entrepreneurs (One week Training, 6 months of Mentorship and $5,000 USD For each participant)

Application Requirements

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

Also Apply: Call for Application: FGN-ALAT Digital Skillnovation Program Cohort 2 2024