Are you an entrepreneur with a transformative solution in healthcare, education, or agriculture? Do you dream of scaling your startup, impacting lives, and gaining global exposure? The NSIA Prize for Innovation (NPI) 3.0 is your opportunity to turn that dream into reality. With a chance to win a share of US$220,000, the Cascador Impact Prize valued at US$45,000, and a five-week, all-expenses-paid training program in Silicon Valley, USA, the NPI 3.0 is calling on innovators to apply and take their startups to the next level.
Applications are now open, and the deadline to apply is April 5th, 2025. Don’t miss this chance to unlock your startup’s full potential and make a lasting impact.
What is the NSIA Prize for Innovation (NPI)?
The NSIA Prize for Innovation (NPI) is an initiative of the Nigeria Sovereign Investment Authority (NSIA) designed to empower entrepreneurs and changemakers whose innovative ideas can drive meaningful social and economic impact. The program aims to nurture ingenuity, accelerate high-potential ventures, and fund early-stage, growth-driven solutions that enhance productivity, strengthen industries, and deliver lasting social impact in Nigeria and beyond.
For its third edition, NPI 3.0, the program is proud to partner with the Presidential Initiative for Unlocking the Healthcare Value Chain (PVAC), a strategic initiative aimed at reshaping Nigeria’s healthcare ecosystem through socially impactful innovations.
Why Apply for NPI 3.0?
The NPI 3.0 is more than just a competition; it’s a launchpad for startups to scale their solutions, gain global exposure, and create sustainable impact. Here’s what you stand to gain:
1. Win Funding
- A combined prize pool of US$220,000 for the top finalists, awarded through cash and equity investment.
- The Cascador Impact Prize valued at US$45,000 for exceptional startups driving social impact.
2. Gain Global Exposure
- A five-week, all-expenses-paid training program in Silicon Valley, USA, where you’ll gain world-class mentorship, networking opportunities, and the tools to scale your startup for global success.
3. Access Mentorship and Resources
- Receive guidance from a network of industry experts, investors, and thought leaders.
- Gain access to resources and strategies to refine your business model, achieve product-market fit, and scale your operations.
4. Connect with Investors
- Pitch your solution to potential investors and partners who can help you grow your startup.
5. Join a Community of Innovators
- Become part of a vibrant community of connected individuals and startups driving innovation across industries and sectors.
Focus Areas
The NPI 3.0 is seeking innovative solutions in the following sectors:
- Healthcare: Solutions that improve access to quality healthcare, enhance diagnostics, or address maternal and child health challenges.
- Education: Innovations that expand access to quality education, improve learning outcomes, or leverage technology for skill development.
- Agriculture: Technologies that boost agricultural productivity, enhance food security, or empower smallholder farmers.
Program Objectives
The NPI program is designed to:
- Recognize and reward Nigerian innovators and startup founders in key sectors.
- Catalyze early-stage investments for high-potential startups.
- Mentor and equip founders with the tools required for scaling and achieving product-market fit.
- Connect startup founders to potential investors and industry leaders.
- Foster collaboration by creating a community of innovators and changemakers.
Eligibility Criteria
To be eligible for the NPI 3.0, your startup must:
- Operate in healthcare, education, or agriculture.
- Be an early-stage, growth-driven venture with the potential to scale.
- Have a transformative solution that addresses real-world challenges.
- Be registered and operating in Nigeria.
How to Apply
Follow these steps to apply for the NSIA Prize for Innovation 3.0:
Step 1: Visit the Official Website
Go to the NPI 3.0 application portal: nsia-ip.com.
Step 2: Prepare Your Application
Gather the necessary information and documents, including:
- A detailed description of your innovative solution.
- Evidence of your startup’s impact and scalability.
- Information about your team and their expertise.
- Your business model and growth strategy.
Step 3: Complete the Application Form
Fill out the online application form with accurate and up-to-date information. Ensure your application highlights how your solution aligns with the program’s focus areas and objectives.
Step 4: Submit Your Application
Review your application to ensure it is complete and compelling. Submit your application before the April 5th, 2025 deadline.
Step 5: Await Shortlisting
Shortlisted startups will be notified and invited to participate in the next stage of the competition.
Why Participate in NPI 3.0?
- Fuel your growth: Access funding, mentorship, and resources to scale your startup.
- Impact lives: Drive meaningful change in healthcare, education, or agriculture.
- Gain global exposure: Connect with international investors and industry leaders.
- Join a community of innovators: Collaborate with like-minded entrepreneurs and changemakers.
Key Dates and Deadlines
- Application Deadline: April 5th, 2025.
- Ensure you submit your application on time to avoid disqualification.
Conclusion
The NSIA Prize for Innovation 3.0 is a transformative opportunity for entrepreneurs to scale their solutions, gain global exposure, and create lasting impact. If you have an innovative solution in healthcare, education, or agriculture, don’t miss this chance to apply. Visit nsia-ip.com today and take the first step toward unlocking your startup’s full potential.
Dare to build? NPI could support your innovation to realize its full potential. Build it and win it.
Apply now!
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