The Nigerian Sovereign Investment Authority (NSIA) Prize Edition application portal is now open. This means that young entrepreneurs and innovators can stand a chance to be rewarded for their innovative ideas. This blog post promises to give detailed information on the Nigerian Sovereign Investment Authority (NSIA) Prize Edition for 2025. Let’s delve into the details.
Aim of the NPI
The aim of the Nigerian Sovereign Investment Authority (NSIA) Prize for Innovation (NPI) is to nurture and reward innovative ideas that have the potential to have a social and economic impact. It will do this by providing funding at an early stage, support, and growth-driven solutions.
With this initiative, the NPI program aims to inspire exceptional ideas that promote productivity, strengthen the economy, and deliver social impact in Nigeria and beyond that lasts for many years.
Benefits of the NPI Program
Successful candidates would be eligible for $220,000 prizes and, in addition, $45,000 for Cascador Impact and an all-expenses paid five-week training.
Who Are Eligible For This Program?
These are the eligibility criteria for the Nigerian Sovereign Investment Authority (NSIA) Prize Edition:
• One of the founders of an innovative idea must be a Nigerian citizen.
• Those who apply must be above the age of 18 years.
• Applicants should have a social-impact startup that is running.
• Startup(s) should be those that have a social impact and are innovative.
• The startup(s) in question should be in a position for a second round of funding.
• The startup(s) should be in have a minimum viable product (MVP).
• Candidates should be willing to a 10-week accelerator program.
• Applicants should not fall into the trap of submitting more than one application. Multiple applications by an applicant would be declined.
• Founders should ensure that before getting to the top 10, their startups are duly registered in Nigeria.
• Eligible founders should be within the following sectors:
• Healthcare.
• Agriculture.
• Education.
Application
Those who are interested in applying for the Nigerian Sovereign Investment Authority (NSIA) can do those using this link.
