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.
The programme is expected to catalyse the growth and development of the Nigerian technology ecosystem by identifying budding technopreneurs, enhancing their capabilities, and providing a platform to showcase and scale their digital solutions on a global scale.
Organization Name: NPI
Eligible Country: Nigerians
Category: Grants
Closing Date: March 23rd, 2024
Preferred Sectors
The priority sectors for the Programme are:
– Financial Services,
– Agriculture,
– Health,
– Education,
– Manufacturing,
– Logistics
– E-mobility,
– E-commerce & Marketplaces,
– Climate.
However, applicants that operate outside these priority sectors are still encouraged to apply.
Eligibility Criteria
- 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 startups
- The startup should have operated for not less than six months and operating in or within Nigeria
- The startup should be looking to raise a seed round
- The startup should have developed a minimum viable product (MVP)
- Applicants must be willing and able to commit to a 10-week fast-track accelerator programme
- Only one application is permitted per applicant irrespective of the sector. Subsequent applications will be disqualified
- Nation-wide recognition and media attention through NSIA.
- Promotion through various social media channels.
- Recognition on the NSIA/NPI website.
- Strategic advertisement in NSIA publications, including the annual report and sustainability reports, with global circulation.
- A 2024 NPI Recognition Plaque as the winner/runner up of the NSIA Prize for Innovation Award.
- The Innovation Award logo for use on your product packaging and advertising materials for a one-year period.
Programme 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 programme at a top-rated US university in Silicon Valley and also have an opportunity to pitch to angel investors and obtain global exposure.
How to Apply
Eligible candidate that meets the job requirement should check the official announcement link for more details about this program.
Click Now to Apply