Deadline-30 November 2013
Submissions are required from all eligible participants for Innovation Prize for Africa offered by African Innovation Foundation (AIF). Winners will have the opportunity to win grand prize of up to USD 150,000. The goal of this program is to encourages innovative achievements that contribute toward developing new products, increasing efficiency or saving cost in Africa.
Prizes-
IPA 2014 consists of three prizes–
- USD 100,000 for the winner with the best innovation based on marketability, originality, scalability, social impact, utility/technical aspect and clear business potentials
- USD 25,000 for the runner-up with the best commercial/business potential and
- USD 25,000 for the Special Prize for Social Innovation with the highest social impact in the community/country.
Objectives-
- Mobilizing leaders from all sectors to fuel African innovation
- Promoting innovation across Africa in key sectors through the competition
- Promoting science, technology and engineering as a rewarding,career path among African youth.
- Encouraging entrepreneurs, innovators, funding bodies and business development service providers to exchange ideas and explore innovative business opportunities.
Eligibility & Criteria-
- Eligible innovations must be by Africans for Africa. Africans in the Diaspora can also apply if their innovations are of significance for Africa. The innovation or associated business must be registered in Africa.
- A fully completed application form with a full description of the innovation must accompany each submission; otherwise the entry will be disqualified.
- The innovation description should clearly illustrate the social and/or economic outcome and impact with regard to African development and the priority area chosen, and should be in line with the IPA assessment and selection criteria.
- Application forms and description of the innovation should be in English or French. While the innovations can be conducted in any language including local languages, the submissions should be translated into English or French.
- Applicants are required to attach a letter of support/endorsement from an institution or an authority with knowledge of their innovation. This will serve as a testimony of how important the innovation is in addressing development challenges faced by Africans.
- Each question on the application form must be answered or the application will be deemed incomplete and disqualified.
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