The UNDP Nigeria Inclusive Insurance Innovation Challenge for Nigerian Startups and Innovators 2025 is now accepting applications. Interested candidates are urged to click here to learn more about this opportunity and to apply.
About UNDP Nigeria Inclusive Insurance Innovation Challenge for Nigerian Innovators and Startups
Opportunity Details
- Date Published: October 23, 2025
- Application Deadline: October 30, 2025
- Category: Entrepreneurs
Grants
- Eligible Locations: Nigeria
UNDP Nigeria and FSD Africa are collaborating to launch the Inclusive Insurance Innovation Challenge aimed at accelerating the development of insurance solutions that address the unique needs of financially underserved populations in Nigeria. UNDP Nigeria brings deep-rooted expertise in sustainable development, policy advocacy, and inclusive growth, with a strong mandate to strengthen resilience among vulnerable communities.
- Sponsor Organisation: UNDP
Benefits of UNDP Nigeria Inclusive Insurance Innovation Challenge for Nigerian Innovators and Startups
- 3 winning proposals will receive a cash prize of N30m each and intensive technical assistance to refine, test, license, and bring your product to market.
- All shortlisted innovators will be invited to a Bootcamp to sharpen their product design, business model, financials, and regulatory readiness.
UNDP Nigeria Inclusive Insurance Innovation Challenge for Nigerian Innovators and Startups Requirements
Innovators, startups, insurtechs, fintechs, insurance companies or community‑based organizations with:
- A product/service/idea that serves underserved populations (low‑income, rural/peri‑urban, women, small farmers, small businesses)
- A business model that is commercially viable or with a clear path to viability
- A capacity or a plan to integrate gender and inclusion into the product (women, persons with disability, marginalized groups)
- Willingness to partner with insurers, regulators, or other stakeholders in the insurance sector for practical rollout
- Duly registered status with CAC and tax compliant under the Nigerian law.
Application Date and Process
- Click on the link to the application website to apply.
Application Deadline
30 October, 2025
Scholarship Application Portal
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UNDP Nigeria Inclusive Insurance Innovation Challenge for Nigerian Innovators and Startups
Apply for UNDP Nigeria Inclusive Insurance Innovation Challenge for Nigerian Innovators and Startups