For startups poised to revolutionize their industries with groundbreaking tech-enabled solutions, the NSIA Prize for Innovation 2024 presents a golden opportunity.
Sponsored by the Nigeria Sovereign Investment Authority (NSIA), this initiative offers a chance to win up to US $220,000 in prizes and an all-expense-paid training program in Silicon Valley, USA.
Objectives and Sponsorship:
The NSIA Prize for Innovation (NPI) is a strategic initiative backed by the Nigeria Sovereign Investment Authority.
Its primary goals are to catalyze innovation within Nigeria’s digital ecosystem, fostering homegrown solutions that contribute to socio-economic development.
NPI seeks to incentivize and support creativity, particularly in the digital sphere, aiming to fuel transformative economic growth, enhance national productivity, and generate employment opportunities.
Open to startups with the potential to introduce groundbreaking, tech-enabled solutions within their respective industries, the NPI targets a broad spectrum of innovators.
While the priority sectors include Financial Services, Agriculture, Health, Education, Manufacturing, Logistics & E-mobility, E-commerce & Marketplaces, and Climate, applicants outside these sectors are encouraged to apply.
Prizes and Recognition:
The NPI promises significant rewards for participants, with ten finalists standing a chance to win various prizes.
The top three winners will receive a combination of cash and equity, providing crucial support for their startups.
This financial boost will be offered in a 75:25 equity and cash mix, with the equity stake determined through a valuation process.
Additionally, the top ten finalists will embark on an enriching, all-expense-paid 5-week training program at a prestigious US university in Silicon Valley.
This opportunity includes a platform to pitch to angel investors, offering global exposure.
To seize this opportunity, interested startups need to submit their applications before the deadline on March 3, 2024.
The application process is accessible through the provided link, offering a straightforward avenue for innovative entrepreneurs to showcase their potential.
As the deadline approaches, the NSIA Prize for Innovation 2024 stands as a beacon for tech-driven startups in Nigeria.
Beyond the financial incentives, the program opens doors to valuable training and global exposure, positioning participating startups for sustainable growth and success.Share on Facebook «||» Share on Twitter «||» Share on Reddit «||» Share on LinkedIn