The Nigeria Sovereign Investment Authority has opened an application portal for the maiden edition of its prize for an innovation programme.
It says that the newly opened portal was the only means for submitting applications for the programme with each applicant allowed only one entry.
It says the agency had December 2022 launched the NSIA Prize for Innovation programme with a total prize value of $255,000 to be awarded as a combination of cash and equity investment to the underlying businesses of the winners.
NSIA introduced the NPI as a measure to stimulate the ingenuity of Nigerian startups, innovators and technopreneurs to develop solutions that address real-world challenges with global applications.
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