NSIA Prize for Innovation (NPI) 2024 Application

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Can your startup create ground-breaking, tech-enabled solutions in your industry? If the answer is yes, 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.

NSIA Prize for Innovation (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.

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.

NSIA Prize Innovation Focus 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.

NSIA Prize Programme Stages

The Programme will adopt a four-staged competition at the end of which ten (10) finalists will emerge and win varied prizes.

Pre-selection Stage: Innovators submit their applications through the application portal to provide details regarding their digital products/services and business models.

Accelerator Stage: The top 100 finalists will participate in a one-month virtual training, followed by an in-person boot camp for the top 25 finalists. A mini demo day will be held to select the top 10 finalists who will proceed to the demo day.

Demo Day: Each of the 10 finalists will be allotted a time slot to present their pitch to the judges. The judging panel will review the submission and rank the winners from 1st to 10th. The event will be attended by a combination of local and foreign technology industry experts and investors.

Post Demo Day: The top 10 finalists will participate in an all-expense paid, 5-week in-person training program from a top-rated US university in Silicon Valley and have an opportunity to pitch to angel investors and obtain global exposure.

NSIA Prize Innovation Benefits

Ten (10) finalists will win varying prizes. The top three (3) winners will receive a mix of cash and equity to support their startups. They will receive funds in 75:25 equity and cash mix in exchange for a stake in their company which will be determined after a valuation.
The top ten (10) finalists will participate in an all-expense paid, 5-weeks training program at a top-rated US university in Silicon Valley and also have an opportunity to pitch to angel investors and obtain global exposure.

NSIA Prize Application Timeline

Deadline for application is on March 3, 2024

How to Apply?

Click HERE to Apply

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