Programme Details

Programme Stages

Innovators submit their applications through the application portal to provide details regarding their digital products/services and business models.

The top 100 finalists will participate in a one-month virtual training, followed by an in-person bootcamp for the top 25 finalists. A mini demo day will be held to select the top 10 finalists that will proceed to the demo day.

Each of the 10 finalists will be allotted timeslot to present their pitch to the judges. The judging panel will review the submission and rank the winners from 1st to 10th. The event will be attended by a combination of local and foreign technology industry experts and investors.

The top 10 finalists will participate in an all expense paid, 5-weeks in-person training programme at a top-rated US university in Silicon Valley and also have an opportunity to pitch to angel investors to secure additional funding and obtain global exposure!

BONUS: Exclusive chance to secure additional investment and global exposure by pitching to angel investors!

Application Requirements

One of the founders must be a Nigerian Citizen

Applicants must be 18 years or older

Applicants must be running Innovative tech-focused or tech-enabled startups

The startup should have operated for not less than six months and operating in or within Nigeria

The startup should be looking to raise a seed round

The startup should have developed a minimum viable product (MVP)

Applicants must be willing and able to commit to a 10-week fast-track accelerator programme

Only one application is permitted per applicant irrespective of the sector. Subsequent applications will be disqualified

Top 3 winners will have a pre-set valuation for their startups as indicated below

The startups of the top 10 finalists must be registered in Nigeria

Target Sectors:

The programme will focus on technology-enabled startups in the following sectors:

Note: These priority sectors were selected based on the impact innovation in these sectors can have on the Nigerian economy. Whilst the above sectors are termed “priority”, applicants that have startups outside these priority sectors are still encouraged to apply.

Prizes

T&C apply

Evaluation Criteria

Entries will be judged by a committee of five (5), which will include industry experts and an NSIA representative.  The submission and review process will be audited by an independent auditor. The evaluation will be done based on the following criteria.

The Novelty of Approach

Impact

Product Design

Scalability

Proposed Methodology, Approach, and Implementation Plan

Sustainability, Environmental Impact And Risk Plan

Activity Calendar

S/N Activity Timeline
Call for Application (Online Platforms)
January 31st, 2024
Application Closes
March 23rd, 2024
Virtual Training
TBD
Physical Bootcamp
TBD
Mini Demo Day
TBD
Demo Day
TBD
Silicon Valley Training
TBD
Silicon Valley Pitch to Angel Investors
TBD

Benefits For Finalists

Top 10 finalists will participate in an all expense paid, 5-weeks training programme from a top-rated US university in Silicon Valley and also have an opportunity to pitch to angel investors and obtain global exposure!

Nation-wide recognition and media attention through NSIA.

Promotion through various social media channels.

Recognition on the NSIA/NPI website.

Strategic advertisement in NSIA publications, including the annual report and sustainability reports, with global circulation.

A 2024 NPI Recognition Plaque as the winner/runner up of the NSIA Prize for Innovation Award.

The Innovation Award logo for use on your product packaging and advertising materials for a one-year period.