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Call for startups for the 2024 Nigeria Sovereign Investment Authority (NSIA) Prize for Innovation!

Can your startup create ground-breaking, tech-enabled solutions in your industry?

If the answer is yes, submit your application to NPI 2.0. 

NSIA Prize for Innovation (NPI) is sponsored by the Nigeria Sovereign Investment Authority (NSIA) to bolster innovation in Nigeria’s digital ecosystem, and support homegrown solutions that can drive socio-economic development. NPI is designed to encourage and support ingenuity within the digital ecosystem and fund early-stage, growth driven solutions, with the aim of driving transformative economic growth, enhancing the nation’s productive capacity, and creating jobs.

NPI is poised to identify, build, and channel the country’s latent potential in innovation and technology to catalyse economic growth, enhance the nation’s productive capacity, create jobs, and optimise resource sustainability. Through the NSIA Prize for Innovation (NPI), NSIA seeks to promote and support ingenuity in the digital sector, providing funding for innovations that have the potential to deliver cost-effective, scalable, and transformative positive impacts.

Get the Youth Opportunities iOS App here for the fully-funded opportunities.

The programme is expected to catalyse the growth and development of the Nigerian technology ecosystem by identifying budding tech entrepreneurs, enhancing their capabilities, and providing a platform to showcase and scale their digital solutions on a global scale. The programme will focus on technology-enabled startups in the following sectors:

  • Financial Services,
  • Agriculture,
  • Health,
  • Education,
  • Manufacturing,
  • Logistics & E-mobility,
  • E-commerce & Marketplaces, and
  • Climate

Youth Opportunities invites you to join your preferred channel to get the latest updates directly to your messenger inbox.

1. Youth Opportunities: https://m.me/j/AbZTmgEzD1UchDte/
2. Fully Funded Conferences: https://m.me/j/AbZTfhFTiPCnXf2D/
3. Full Scholarships: https://m.me/j/AbbrjbkOMM6I68Cs/
4. Paid Internships/Jobs: https://m.me/j/AbaAskb6jFFnRser/
5. Circle: https://m.me/j/AbY0vVKSPJULUnE4/


Online, Nigeria, United States


  • 1st : Equity $75,000 + Cash $25,000 = Total first prize $100,000
  • 2nd : Equity $52,000 + Cash $17,500 = Total second prize $70,000
  • 3rd : Equity $37,000 + Cash $12,500 = Total third prize $50,000
  • 1st to 10th : All-expense-paid training programme in Silicon Valley, USA

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.



  • 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
Eligible Regions: Open for All.

Application Process

  • Visit the Apply link by clicking on the “APPLY NOW” button.
  • Complete the form with necessary information as instructed.

Application Deadline: March 3, 2024

Application ClosedOfficial link

For Further Queries

Email: [email protected] | Instagram: https://www.instagram.com/nsiainnovationprize/
Disclaimer: Youth Opportunities spreads opportunities for your convenience and ease based on available information, and thus, does not take any responsibility of unintended alternative or inaccurate information. As this is not the official page, we recommend you to visit the official website of opportunity provider for complete information. For organizations, this opportunity is shared with sole purpose of promoting “Access to Information” for all and should not be associated with any other purposes.

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