$150 000 Innovation Prize For Africa 2014 Deadline Extended

LAGOS, Nigeria, October 31, 2013– The African Innovation Foundation today announced it will extend the deadline for the Innovation

Prize for Africa (IPA) 2014 applications to 30 November 2013. The IPA is an initiative that mobilizes African innovators and entrepreneurs who deliver market-oriented

solutions that increase efficiency or cost-saving in Africa.  Attending an innovation roundtable in Nigeria, the IPA representative 

highlighted the need to invest in innovation to accelerate economic growth on the continent.

“Africa has experienced one of the fastest economic growths in recent history – 6 per cent on average. Innovation has and will continue to play a vital role in this growth, and

with this in mind, the IPA is continuing its work to identify innovators  who are contributing to Africa’s sustainable development and creating solutions to the continent’s

everyday challenges ,” said Pauline Mujawamariya, IPA Program Director.

 

This extension is a response to the requests received from many countries indicating that their innovators learned about the competition a little late and would need more

time to effectively prepare and submit their entries. To date, IPA has attracted more than 1350 applications from 48 countries. The IPA is focused on promoting African

home-grown innovation, scaling them up within Africa to fuel change and overall development for Africa and its people and compete on global platforms 

 

The 2014 IPA prize will focus on 1) Agriculture and agribusiness 2) Environment, energy and water 3) Health and wellbeing 4) ICT 5) Manufacturing and service industry.

 

Only innovations by Africans for Africans are eligible to enter for the IPA 2014. Africans in the Diaspora can also apply if their innovations are of significance to Africa. The

 

winning innovation will be awarded a cash prize of $100,000 USD, with the two runners-up each receiving $25,000 USD each. 

 

For detailed information of competition categories, conditions of entry, and submission procedures, participants should visit: InnovationPrizeForAfrica.org

 

AIF supports innovations and other novel initiatives with potential of contributing to sustainable development of African countries. This includes supporting home-grown

innovations, facilitating technology transfer as well as supporting other platforms that enhance the exchange of ideas and collaboration among researchers, inventors,

entrepreneurs, investors and policy makers.

 

(African Press Organisation)