About the NSIA Prize for Innovation (NPI)
About NPI
NSIA Prize for Innovation
NPI is poised to identify, nurture and channel Nigeria's latent potential to catalyse economic growth, enhance productive capacity, create jobs and optimise resource sustainability. It is designed to encourage and support homegrown creativity within the key sectors and to fund new ideas that could potentially result in cost-effective, scalable, and transformative impact not just for Nigerians, but communities across the globe.
The programme is a multi-year commitment by the NSIA to empower budding Nigerian innovators and drive groundbreaking solutions across various sectors. Designed as a four-stage competition, it will culminate in the selection of ten (10) finalists, each receiving tailored support and prizes to scale their innovations and create lasting impact.
NPI Mission
The NSIA Prize for Innovation seeks to promote and strengthen youth entrepreneurship in Nigeria by harnessing homegrown solutions with transformative impact.
NPI is a socioeconomic development programme for the NSIA, designed to foster innovation and entrepreneurship in Nigeria. Through the NPI programme, the Authority seeks to drive innovation and entrepreneurship in Nigeria by enabling solutions that address critical challenges, drive inclusive growth and deliver sustainable socio-economic outcomes.
NPI Vision
The vision of the NPI is to become the leading initiative that empowers Nigerian startups, innovators and entrepreneurs to develop world-class solutions that have the potential to create wealth, drive social impact, and high-skilled job sustainability.
The programme aims to improve the Nigerian startup ecosystem by enabling innovative solutions, and upholding ingenuity as a key driver of socio-economic advancement in Nigeria.
NPI will identify innovations with the greatest potential for impact.
About NSIA
Nigeria Sovereign Investment Authority
Established as an independent investment institution by an Act of the National Assembly and assented to by the President of the Federal Republic of Nigeria on May 26, 2011, the Nigeria Sovereign Investment Authority (“NSIA” or “the Authority”) is the manager of Nigeria’s sovereign wealth fund. The Authority commenced operations in 2012, with the inauguration of the Board of Directors on 9th October 2012.
The NSIA is empowered to receive, manage, and invest funds in a diversified portfolio of medium and long-term assets on behalf of all three tiers of government in preparation for the eventual depletion of Nigeria’s hydrocarbon resources. NSIA achieves its mandate through three separate and ring-fenced core funds namely: the Stabilisation Fund (SF), the Future Generations Fund (FGF) and the Nigeria Infrastructure Fund (NIF).
Within its mandate, the NSIA continues to formulate and implement strategies to position Nigeria to attract foreign direct investments, diversify its economy, and grow sustainably. This approach to investing is consistent with the Authority’s mission wherein it seeks to play a leading role in driving sustained economic development for the benefit of all Nigerians.
NSIA seeks to support the growth of the entrepreneurial
economy in Nigeria as a priority sector using the recently
created NSIA Innovation Fund. Starting with the NSIA Prize for
Innovation (NPI), NSIA aims to enhance, equip, and unleash the
ingenuity and creativity of Nigerian innovators, startups and
technopreneurs to help solve real world challenges.
For more information, please visit
www.nsia.com.ng
About PVAC
Presidential Initiative for Unlocking the Healthcare Value Chain
The Presidential Initiative for Unlocking the Healthcare Value
Chain (PVAC) is a strategic initiative aimed at transforming
Nigeria’s healthcare sector into a global hub for health
product and technology manufacturing. PVAC focuses on
strengthening local production, improving access to quality
healthcare products and services, facilitating knowledge
transfer, driving economic growth, and fostering a supportive
regulatory environment.
For more information, please visit
www.pvac.gov.ng
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