NSIA, partners award $277,000 to 7 Nigerian startups at Demo Day
The Nigeria Sovereign Investment Authority (NSIA) and its partners have awarded $277,000 to seven Nigerian startups through the fourth edition of the NSIA Prize for Innovation (NPI). The post NSIA, partners award $277,000 to 7 Nigerian startups at Demo Day appeared first on Nairametrics .
The Nigeria Sovereign Investment Authority (NSIA) and its partners have awarded a total of $277,000 to seven Nigerian startups at the fourth edition of the NSIA Prize for Innovation (NPI) Demo Day. The winners, announced on Saturday, included Come Again Foods, an agricultural snack manufacturer, who received a combined prize of $105,000.
Protein Kapital, an insect farming company, came in second place with $70,000, while InstantRad Inc., an AI-powered teleradiology platform, secured third place with $50,000. The top three innovators collectively received $220,000 in cash and equity, while the other four finalists will participate in a six-week learning program at Lagos Business School.
This year's NPI 4.0 focused on startups in manufacturing, climate, food security, and healthcare, with a combined prize value of $277,000, including $220,000 from the NSIA, $45,000 from Cascador, and $12,000 from Wema Bank. The NSIA, a Nigerian government investment institution, aims to support small and medium-sized enterprises (SMEs) in the country.
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