Funding
Innovation.
Enabling
Dreams.

Can your startup create ground-breaking, tech-enabled solutions in your industry? If the answer is yes, submit your application to NPI 2.0. Up to US$220,000 to be won in prizes and an all expense paid training programme in Silicon Valley, USA.

Funding
Innovation.
Enabling
Dreams.

Can your startup create ground-breaking, tech-enabled solutions in your industry? If the answer is yes, submit your application to NPI 2.0. Up to US$220,000 to be won in prizes and an all expense paid training programme in Silicon Valley, USA.

Funding
Innovation.
Enabling
Dreams.

Can your startup create ground-breaking, tech-enabled solutions in your industry? If the answer is yes, submit your application to NPI 2.0. Up to US$220,000 to be won in prizes and an all expense paid training programme in Silicon Valley, USA.

US$220,000 in prizes to be won

+ an all expense paid training programme in Silicon Valley, USA and more

US$220,000 in prizes to be won

+ an all expense paid training programme in Silicon Valley, USA and more

US$220,000 in prizes to be won

+ an all expense paid training programme in Silicon Valley, USA and more

What is NPI?

1

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. 

2

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. 

What is NPI?

1

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. 

2

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. 

What Are The Goals of NPI?

To recognise and reward Nigerian innovators and start-up founders in the tech ecosystem.

To act as an early-stage investment catalyst for innovators.

To mentor and equip founders with the tools required for scaling and product-market fit.

To connect startup founders to potential investors.

To create a community of connected individuals to ensure partnership across the ecosystem.

What Are The Goals of NPI?

To recognise and reward Nigerian innovators and start-up founders in the tech ecosystem.

To act as an early-stage investment catalyst for innovators.

To mentor and equip founders with the tools required for scaling and product-market fit.

To connect startup founders to potential investors.

To create a community of connected individuals to ensure partnership across the ecosystem.

Dare to build? NPI could support your innovation to realise its full potential.
Build it and win it.

Dare to build? NPI could support your innovation to realise its full potential.
Build it and win it.

Dare to build? NPI could support your innovation to realise its full potential.
Build it and win it.

Be a Contributor to Nigeria’s Economic Greatness

NPI is poised to identify, build, and channel the country’s latent potential in innovation and technology to catalyse economic growth, enhance the nation’s productive capacity, create jobs, and optimise resource sustainability.

Through the NSIA Prize for Innovation (NPI), NSIA seeks to promote and support ingenuity in the digital sector, providing funding for innovations that have the potential to deliver cost-effective, scalable, and transformative positive impacts.

Be a Contributor to Nigeria’s Economic Greatness

NPI is poised to identify, build, and channel the country’s latent potential in innovation and technology to catalyse economic growth, enhance the nation’s productive capacity, create jobs, and optimise resource sustainability.

Through the NSIA Prize for Innovation (NPI), NSIA seeks to promote and support ingenuity in the digital sector, providing funding for innovations that have the potential to deliver cost-effective, scalable, and transformative positive impacts.

Be a Contributor to Nigeria’s Economic Greatness

NPI is poised to identify, build, and channel the country’s latent potential in innovation and technology to catalyse economic growth, enhance the nation’s productive capacity, create jobs, and optimise resource sustainability.

Through the NSIA Prize for Innovation (NPI), NSIA seeks to promote and support ingenuity in the digital sector, providing funding for innovations that have the potential to deliver cost-effective, scalable, and transformative positive impacts.

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Frequently Asked Questions

The programme is expected to catalyse the growth and development of the Nigerian technology ecosystem by identifying budding technopreneurs, enhancing their capabilities, and providing a platform to showcase and scale their digital solutions on a global scale.

The priority sectors for the Programme are: Financial Services, Agriculture, Health, Education, Manufacturing, Logistics & E-mobility, E-commerce & Marketplaces, and Climate. However, applicants that operate outside these priority sectors are still encouraged to apply.

Innovators with products outside the listed sectors are encouraged to submit their applications. NPI is designed to support innovations that solve peculiar problems with a solution that is commercially viable and scalable. Each application will be considered on its own merits.

Ideas take a bit of time to result in a working product or prototype. Our objective is to improve potentially viable products and develop them further for introduction to the market. Notably, the call for application phase of the NPI is expected to run for a short period, not exceeding four (4) weeks. This limits the time for debugging, development of a minimum viable product and building traction. It is unlikely that an untested product can be completed in that timeframe. Future programmes may include a category for ideation.

Ten (10) finalists will win varying prizes. The top three (3) winners will receive a mix of cash and equity to support their startups. They will receive funds in 75:25 equity and cash mix in exchange for a stake in their company which will be determined after a valuation. The top ten (10) finalists will participate in an all-expense paid, 5-weeks training programme at a top-rated US university in Silicon Valley and also have an opportunity to pitch to angel investors and obtain global exposure.

A fast-track accelerator programme has been developed and embedded in the competition to ensure all shortlisted participants benefit. The accelerator programme will be run by our technical partner and a top-rated University in Silicon Valley, US.

A database of participants will be maintained on the portal. Participants will be provided with access to industry information, funding opportunities, and program assistance. The intent is to build a strong alumni network to further drive the development of a viable and vibrant local technology ecosystem.

A faculty of independent judges will be announced before the demo day event. The judges will be drawn from different fields including professionals from government institutions, thought leaders, industry experts, and notable innovators.

Innovators who do not make it to the top ten (10) are encouraged to continue refining their solutions. The programme provides some feedback which will prove useful to participants. Interested participants are further encouraged to apply for the next edition if they can improve their solutions.

The last seven (7) finalists, along with the top three (3) finalists will participate in an all-expense paid, 5-weeks training program at a top-rated US university in Silicon Valley, USA. They are equally encouraged to apply in subsequent editions of the programme.

The programme rules allow for only one application per applicant. Subsequent applications will be disqualified.

NSIA recognises the importance of patents and business solution protection. The unilateral agreements which all participants are required to fill are designed to protect your intellectual property and serve to insulate your idea from theft.

No, the training programme cannot be exchanged for a cash alternative. The training is an integral part of the NPI programme designed to provide startup access to unparallel training, mentorship, resources, networking opportunities and access to incremental funding from angel investors, venture capitalists, and private equity firms.

NSIA will support the visa application process for the 10 finalists by providing sponsorship letters and informing the US embassy of the finalist’s participation in the training programme. Additionally, NSIA will cover the visa application fees. Please note that while NSIA offers assistance, we cannot guarantee or influence the outcome of visa decisions.

No, there is no option to attend the Silicon Valley training virtually; it is designed as an in-person experience to maximize the benefits of direct interaction, mentorship, and networking.

Yes, previous applicants are welcome to re-apply, except for the top three (3) winners from the previous NPI edition.

Only one representative per winning startup can attend the Silicon Valley training. NSIA has secured ten slots and will cover all expenses for the top ten finalists (only). Co-founders, who are interested in attending the training can apply to the training programme directly and are expected to cover their own expenses.

No, the trip to Silicon Valley cannot be deferred.

Attending the training in Silicon Valley is contingent upon obtaining a visa. If you don’t already have a US visa, the NSIA will assist with the visa application process. If a finalist cannot secure a visa, a co-founder or senior team member with a valid visa may attend in their place. Should this not be possible, the opportunity will be offered to the next highest-ranked semifinalists.

If your US visa application is declined, you may nominate a co-founder or a senior team member with a valid US visa to attend the Silicon Valley training on behalf of your team. It is your responsibility to ensure the nominated individual obtains the visa within the specified timeframe. If this option is not viable, the opportunity will be passed to the next ranked semi-finalist.

The training programme in Silicon Valley will last for a duration of 5 weeks.

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