The prestigious NSIA Prize for Innovation (NPI) 2024 is proudly presented by the Nigeria Sovereign Investment Authority (NSIA). Its goal is to support indigenous ideas that have the potential to propel socio-economic growth and strengthen Nigeria’s digital ecosystem. By providing significant financial support, an all-expense-paid training program in Silicon Valley, USA, and a venue to present ground-breaking ideas that can support Nigeria’s transformative economic growth, improve productive capacity, and create employment opportunities, this creative program aims to support early-stage, growth-driven ventures.
Application Qualifications
Who is Eligible to Apply?
- Nigerian-born entrepreneurs make up a part of the founding group.
- Those who are at least 18 years old.
- Startups that emphasize innovations that are tech-centric or tech-enabled.
- Enterprises active for a minimum of six months within Nigeria, trying to acquire seed funding.
- Ventures with a minimal viable product (MVP) produced.
- The applicants agreed to take part in a fast-track accelerator program for ten weeks.
- Each candidate is only allowed to submit one application per sector.
Rewards at Risk
Financial Incentives for Leading Pioneers
- First place: $3 million maximum valuation.
- Second Place: Up to $2 million in valuation.
- Third Place: $1 million or more in valuation.
Emphasis Areas
The NPI 2024 focuses on startups in several vital industries that are aided by technology, such as:
- Banking and Related Services
- Farming
- Well-being
- Instruction
- Producing
- Transport & Electronics
- Marketplaces & Online Sales
- Temperature
Startups from other areas are also encouraged to apply, but these sectors are given priority because of their potential influence on the Nigerian economy.
Special Advantages for Winners
Training in Silicon Valley and Other Areas
- The top 10 finalists will start a 5-week training program at a prominent US university in Silicon Valley, which is fully funded and provides an unmatched opportunity to pitch to angel investors and earn visibility abroad.
- Notoriety on a national scale and media attention via NSIA outlets.
- Help for promotion on multiple social media networks and the NSIA/NPI website.
- Strategic exposure to a worldwide audience through NSIA publications.
- The Innovation Award logo may be used for a year on product packaging and promotional materials, together with a 2024 NPI Recognition Plaque.
How to Utilize
Make the Jump
Visit the NSIA Prize for Innovation’s official website to start your innovative adventure and submit your application.
Finally
The application deadline is March 3rd, 2024, so please mark your calendars. Don’t pass up this fantastic chance to grow your firm, support Nigeria’s economic growth, and gain an international reputation. To become a leader in innovation in Nigeria and beyond, apply now.
Sources: Allschoolabs, Myschoolgist
No products in the cart.