10 Nigerian startups selected for NSIA prize for Innovation

The innovative startups will compete for a combined prize value of US$220,000 and an all-expenses-paid, five-week training programme at Draper University in Silicon Valley, USA.

The top 10 were chosen from an initial pool of over 7,000 applicants. After a virtual accelerator stage that narrowed the field to 100, a week-long physical boot camp provided a final test. Here, 26 businesses pitched their solutions to a panel of technology and business leaders. The final selection was based on critical factors like Scalability, that is can the business grow rapidly and sustainably? Does the product address a real need in the market? Does the business have a realistic plan for financial success? What sets them apart from the competition? How well do they understand their competitors? And How big is the potential customer base?These 10 finalists represent a diverse range of sectors within the Nigerian economy.

Aminu Umar-Sadiq, Managing Director and Chief Executive Officer of NSIA, expressed his enthusiasm about the programme’s growing impact: “The NSIA recognizes the critical role technology plays in driving positive social and economic outcomes. Through the NPI, we remain committed to supporting innovative solutions for Nigerian challenges, building capacity for early-stage businesses, and creating jobs through economic empowerment.

Now in its second year, the NPI has quickly established itself as a leading platform for nurturing Nigerian innovation.Abuja doctor reveals a unique way to permanently cure weak erection, small and shameful manhood, and infertility issues without side effects within a short period. Click now to see!!

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