Applications are currently being accepted for the Nigerian Sovereign Investment Authority (NSIA) Prize for Innovation 2026. Interested applicants are encouraged to click here to learn more about this opportunity and apply for it.
About NSIA Prize for Innovation
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.
Benefits of NSIA Prize for Innovation
- NSIA Prize for Innovation valued at $220,000
- Cascador Prize for impact valued at $45,000
- Wema Bank Enterprise Prize valued at $10,000
- A fully sponsored training with a partner institution
- An opportunity to secure between US$500,000 and US$1,500,000 in equity investment from Pula Xcelerator for mature businesses
- Opportunity to secure a place at the National Finals of Wema Bank's Hackaholics and compete for over ₦100million in equity-free grant funding.
NSIA Prize for Innovation Requirements
- 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 be 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 4-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.
Application Date and Process
- Click on the link to the application website to apply.
Application Deadline
08 July, 2026
Opportunity Application
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NSIA Prize for Innovation
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