The Nigeria Sovereign Investment Authority has opened applications for the fourth edition of its Prize for Innovation, offering a combined prize pool of $275,000 to support startups developing solutions in manufacturing, climate and food security, and healthcare.
The authority disclosed this in a statement issued in Abuja on Saturday, saying the fourth edition of the NSIA Prize for Innovation, tagged NPI 4.0, is designed to identify and support high-potential Nigerian startups through funding, entrepreneurial training, mentorship and strategic partnerships.
The NSIA spokesperson, Joyce Onyegbula, said the initiative, themed “Building for Impact,” would focus on businesses capable of strengthening productive capacity, improving healthcare delivery, enhancing food security and advancing climate resilience.
She said the programme had grown into one of Nigeria’s leading entrepreneurship development platforms.
“Across its first three editions, the programme has attracted more than 20,000 applications from startups operating within key sectors, including fintech, aggrotech, health tech, edtech, transport and logistics, among others, with participation spanning all six geopolitical zones of the country,” Onyegbula said.
