Link for NSIA Prize for Innovation 2024 Application Portal
This blog post will guide you on the link for NSIA Prize for Innovation 2024 Application Portal, how to apply, Prize worth, deadline for application and other information you will need to know.
Up to US $220,000 to be won in prizes and an all expense paid training program in Silicon Valley, USA. Looks exciting, right? See the link and how to apply for NSIA Prize for Innovation 2024
Can your startup create ground-breaking, tech-enabled solutions in your industry? If the answer is yes, then you need to submit your application to NSIA Prize for Innovation 2024 application portal via the link provided below.
Kindly note that 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.
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Link to Apply for NSIA Prize for Innovation 2024
Interested candidates are directed to visit the official NSIA link via https://nsia-ip.com/submit-your-entry/ to submit their applications for NSIA Prize for Innovation 2024.
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.
Application Requirements
There are mandatory requirements applicants must possess to be eligible for NSIA Prize for Innovation 2024. Below are some of the mandatory 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.
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Targeted Sectors:
The programme will focus on technology-enabled businesses in the following sectors below:
Financial Services, Agriculture, Health, Education, Manufacturing, Logistics & E-mobility, E-commerce & Marketplaces, Climate
Prize:
First prize: $100,000
Second prize: $70,000
Third prize: $50,000
4TH to 10TH: $5,000 each
Application Procedure
Interested candidates should apply via https://nsia-ip.com
Application Deadline
March 23rd, 2024.
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