A CALL FOR APPLICATION: Opportunity for Nigerian Tech Startups to Shine in Silicon Valley
The Nigerian government has announced an unprecedented opportunity for tech innovators and entrepreneurs in the country. In a bid to foster technological advancement and innovation, the government is offering a chance for Nigerian startups to undergo intensive training in Silicon Valley, USA, the global epicentre of technology and innovation. Not only will selected startups receive invaluable training, but they will also stand a chance to win lucrative prizes totaling up to US$220,000. This initiative, known as NPI 2.0, promises to be a game-changer for the Nigerian tech ecosystem.
Programme Overview
The NPI 2.0 programme comprises several stages designed to identify and nurture the most promising tech-enabled startups in Nigeria. The journey begins with the pre-selection stage, where innovators are invited to submit their applications detailing their digital products, services, and business models. Following this, the top 100 finalists will undergo rigorous one-month virtual training, culminating in an in-person bootcamp for the top 25 finalists. From this pool, the top 10 finalists will be selected to participate in the highly anticipated Demo Day.
Demo Day: A Platform for Innovation
Demo Day is the pinnacle of the programme, where the top 10 finalists will showcase their innovations to a panel of esteemed judges comprising both local and foreign technology industry experts and investors. Each finalist will have the opportunity to present their pitch, demonstrating the impact and potential of their startup. This event not only provides a platform for recognition but also opens doors to additional funding and global exposure.
Post Demo Day: The Silicon Valley Experience
For the fortunate top 10 finalists, the journey continues with an all-expense-paid, 5-week in-person training programme at a prestigious US university in Silicon Valley. This immersive experience offers unparalleled opportunities for networking, learning, and growth. Additionally, finalists will have the exclusive chance to pitch to angel investors, securing further investment and cementing their position on the global stage.
Application Requirements and Eligibility
To be eligible for the NPI 2.0 programme, startups must meet specific criteria:
- At least one founder must be a Nigerian citizen.
- Applicants must be 18 years of age or older.
- Startups must be innovative, tech-focused, or tech-enabled.
- The startup should have operated for a minimum of six months within Nigeria.
- Startups should be seeking to raise a seed round and have developed a minimum viable product (MVP).
- Applicants must commit to a 10-week fast-track accelerator programme.
- Only one application per applicant is permitted.
- The top three winners will have pre-set valuations for their startups.
Target Sectors: Driving Impact in Nigeria
The programme prioritises technology-enabled startups in key sectors, including Financial Services, Agriculture, Health, Education, Manufacturing, Logistics & E-mobility, E-commerce & Marketplaces, and Climate. These sectors were selected based on their potential to drive significant impact on the Nigerian economy. However, startups outside these sectors are also encouraged to apply, emphasizing inclusivity and diversity in innovation.
Don’t Miss Out!
If you’re a startup poised to revolutionise your industry with groundbreaking tech solutions, this is your moment. Seize the opportunity to propel your startup to new heights, win lucrative prizes, and gain exposure on the global stage. Registration is open until the 23rd of March 2024. Don’t miss out on this incredible opportunity to make your mark in Silicon Valley and beyond.
For more information and to register, visit the official website.
The NPI 2.0 programme represents a beacon of hope for Nigerian tech startups, offering a unique pathway to success and recognition on the global stage. With substantial prizes, invaluable training, and access to Silicon Valley’s unparalleled ecosystem, this initiative has the potential to catalyze transformative innovation and drive economic growth in Nigeria. If you’re ready to take your startup to the next level, seize this opportunity and embark on a journey of innovation, learning, and growth.
Francis Chinedu is a Nigerian-born digital marketing specialist, a bitcoin and blockchain enthusiast, and a YouTuber who enjoys covering events that empower young Africans, especially in technology.
