The prestigious Prize, presented annually since 2012, aims at encouraging innovations that contribute to sustainable development in Africa. The winning submission will be awarded a prize of USD 100, 000, with two additional USD 25, 000, one for the runner up with an innovation with the best business potential and the other one for the runner up with the innovation with the best social impact.
The IPA 2014 competition focuses on five priority areas, namely manufacturing and service industry, health and well-being, agriculture and agribusiness, environment, energy and water and ICTs.
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.