2025 Nigeria Sovereign Investment Authority (NSIA) Prize for Innovation for Nigerian Startups and Entrepreneurs (US$220,000 in prizes and all expenses paid training program in Silicon Valley, USA.)
Application Deadline: fifth April 2025
Applications are actually open for the 2025 Nigeria Sovereign Investment Authority (NSIA) Prize for Innovation. The NSIA Prize for Innovation (NPI), an initiative of the Nigeria Sovereign Investment Authority (NSIA), is designed to empower entrepreneurs and changemakers whose progressive concepts can drive significant social and financial impression.
Designed to nurture ingenuity and speed up high-potential ventures, NPI offers funding and strategic assist to early-stage, growth-driven options. Through this initiative, NSIA goals to encourage groundbreaking concepts that improve productiveness, strengthen industries, and ship lasting social impression in Nigeria and past.
For NPI 3.0, NSIA is proud to companion with the Presidential Initiative for Unlocking the Healthcare Value Chain (PVAC) as a strategic companion. PVAC’s goal is to reshape Nigeria’s healthcare ecosystem by fostering socially impactful improvements.
Does your startup have the potential to drive innovation and ship impactful options in healthcare, schooling, or agriculture? If so, apply for the NPI 3.0 for an opportunity to win a share of the US$220,000, the Cascador Prize for impression valued at US$45,000, and a five-week all-expenses-paid training programme in Silicon Valley, USA.
Application Requirements
1) One of the founders have to be a Nigerian Citizen
2) Applicants have to be 18 years or older
3) Applicants have to be operating progressive and social impact-driven startups
4) The startup ought to have operated for not lower than six months and working in or inside Nigeria
5) The startup must be seeking to elevate a seed spherical
6) The startup ought to have developed a minimal viable product (MVP)
7) Applicants have to be keen and capable of decide to a 10-week fast-track accelerator programme
8) Only one application is permitted per applicant regardless of the sector. Subsequent purposes will likely be disqualified
9) The startups of the highest 10 finalists have to be registered in Nigeria
10) Target Sectors: The programme will deal with progressive startups in the next sectors:
- Healthcare
- Agriculture
- Education
Programme Stages
Pre-selection Stage: Innovators submit their purposes by means of the application portal to supply particulars relating to their Innovative merchandise/providers and enterprise fashions.
Accelerator Stage: The high 150 finalists will take part in a digital training, adopted by an in-person bootcamp for the highest 25 finalists. A mini demo day will likely be held to pick the highest 10 finalists that can proceed to the demo day.
Demo Day: Each of the ten finalists will likely be allotted a timeslot to current their pitch to the judges. The judging panel will evaluate the submission and rank the winners from 1st to tenth. The occasion will likely be attended by a mix of native and international trade specialists and buyers.
Post Demo Day: The high 10 finalists will take part in an all expense paid, 5-weeks in-person training programme at a top-rated US college in Silicon Valley and even have a chance to pitch to angel buyers to safe extra funding and get hold of world publicity!
Application Timeline:
| Call for Application (Online Platforms) | fifth March 2025 |
| Application Closes | fifth April 2025 |
| Virtual Training | TBD |
| Physical Bootcamp | TBD |
| Mini Demo | TBD |
| Demo Day | TBD |
| Silicon Valley Training | TBD |
For More Information:
Visit the Official Webpage of the Nigeria Sovereign Investment Authority (NSIA) Prize for Innovation
2025 Nigeria Sovereign Investment Authority (NSIA) Prize for Innovation for Nigerian Startups and Entrepreneurs (US$220,000 in prizes and all expenses paid training program in Silicon Valley, USA.) – YOA
