A site for applications has been made available by the Nigeria Sovereign Investment Authority for the first award for innovation program.
According to a statement, only the recently launched portal could be used to submit applications for the program, and each applicant was only permitted one submission.
The NSIA Prize for Innovation program, which has a total prize value of $255,000 and will be offered as a combination of cash and equity investment to the winning enterprises, was established by the agency in December 2022, according to a release.
All applications will be evaluated at the conclusion of the call for applications, and only 25 will be chosen to attend the accelerator bootcamp where each participant’s concept will be strengthened.