Nigerian Sovereign Investment Authority (NSIA) Prize for Innovation 2025 ($220,000 in prizes) Deadline: Ongoing

Applications are open for the Nigerian Sovereign Investment Authority (NSIA) Prize for Innovation 2025. The NSIA Prize for Innovation (NPI), an initiative of the Nigeria Sovereign Investment Authority (NSIA), is designed to empower entrepreneurs and changemakers whose innovative ideas can drive meaningful social and economic impact.

Designed to nurture ingenuity and accelerate high-potential ventures, NPI provides funding and strategic support to early-stage, growth-driven solutions. Through this initiative, NSIA aims to inspire groundbreaking ideas that enhance productivity, strengthen industries, and deliver lasting social impact in Nigeria and beyond.

Prizes

• US$220,000 in prizes to be won + US$45,000 Cascador Prize for Impact + a five-week all-expenses-paid training programme.

Eligibility

• One of the founders must be a Nigerian Citizen.
• Applicants must be 18 years or older.
• Applicants must be running innovative and social impact-driven 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.
• The startups of the top 10 finalists must be registered in Nigeria.
• Target Sectors: The programme will focus on innovative startups in the following sectors:
  • Healthcare
  • Agriculture
  • Education

Application

Click here to apply

For more information, visit NSIA Prize.