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  The Nigeria Sovereign Investment Authority (NSIA) is sponsoring the NSIA Prize for Innovation, a program designed to recognize, support, and reward homegrown entrepreneurial talent in the country’s digital ecosystem. Through this initiative, the NSIA will fund early-stage, growth-driven solutions that can positively transform the Nigerian economy, increase its productive capacity, and create jobs.
Read more about Opportunities
Founders and startups selected as part of this program will receive the tools they need to scale and achieve product-market fit. They will also get to access partnership opportunities and stand a good chance of receiving additional funding from investors.
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Benefits

This program offers the following benefits to startups:
  • 10 finalists will receive various prizes
  • The top 3 will receive funds in a mix 75:25 mix of equity and cash in exchange for a stake in their company
  • The top 10 finalists will take part in an all-expenses-paid trip to a 5-week training at a top university in Silicon Valley, where they will also get a chance to pitch to angel investors and achieve global exposure
  • Be mentored and equipped with the tools they need to scale
  • Connected to a community of forward-thinking founders and innovative startups
Register to attend the CN Business Mixer

Eligibility

The NSIA Prize for Innovation is open to startups that meet these criteria:
  • At least one of the founders must be a Nigerian citizen
  • Applicants should be at least 18 years old
  • They should be running innovative tech-enabled or tech-focused startups
  • Must have been in operation for not less than 6 months, and have a presence in Nigeria
  • Should be looking to raise seed fund
  • Must have developed a Minimum Viable Product (MVP)
Applications will remain open until March 3, 2024. If you would like to apply for this opportunity, you can do so HERE.
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This article was first published on 14th February 2024

ikenna-nwachukwu

Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

Comments (1)

One thought on “NSIA Prize for Innovation 2024 for Nigerian Entrepreneurs”

  • dash

    Selected founders and startups will receive support to scale their ventures and achieve product-market fit. geometry dash 3d

    Reply

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