Tuesday, 10 October 2017

Applications Open For 2018 Innovation Prize For Africa Awards

African Innovation Foundation (AIF)  announced the 7th edition of the Innovation Prize for Africa (IPA) themed “Investing in inclusive innovation ecosystems” thereby inviting submissions to reward the best home-grown innovations on the continent. The annual award seeks to celebrate outstanding breakthroughs that deliver practical and commercially viable African solutions that are innovative and sustainable.

Affirming AIF’s purpose to catalyse the innovation spirit in Africa, Pauline Mujawamariya Koelbl, the IPA Director commented, “We are pleased to launch IPA 2018 and are confident that this edition will prove bigger and better in terms of participation and quality of submissions. With each edition, IPA has gone from strength to strength attracting innovators across disciplines and with outstanding solutions to African challenges. For this seventh edition, we also look forward to expanding our ever-growing network of innovators, enablers and partners in order to join hands and build stronger, more sustainable innovation ecosystems that will propel the continent forward.”

The call for entries will run for three months starting from 10 October 2017 with a submission deadline of 10 January 2018. IPA’s goal is to strengthen African innovation ecosystems by supporting a culture of innovation and competitiveness, whilst spurring the growth of innovative, market-driven African solutions to African challenges. Specifically, IPA honours and encourages pioneering achievements that contribute towards developing new products, increasing efficiency and/or saving cost in Africa. Applications will be accepted from all Africans including those living in the diaspora.

This edition encourages greater participation from women innovators who are increasingly playing a key role in driving African economies forward through business and entrepreneurship.

The submissions will be judged on the backdrop of IPA’s themes supporting social and economic innovation in the following five categories: manufacturing and service industry; health and well-being; agriculture and agri-business; environment, energy and water; and ICT showcasing ground-breaking innovations.

IPA 2018 winners will be announced at an annual ceremony in July 2018 (exact dates and country to be confirmed). The Award is the leading innovation event on the African calendar, bringing together some of Africa’s most inspiring innovators and entrepreneurs, leaders of hubs and accelerators, angel and venture capital investors, development institutions, government leaders, media practitioners and other game changers.

Previously AIF has supported past winners and nominees with over US$ 1 million to move their innovations forward. Due to the exposure received via IPA, past winners have gone on to secure over US$ 30 million in investments to grow and scale their businesses. In addition to the lucrative share prize of US$ 185,000 cash, selected innovators are offered many opportunities including access to the AIF networks via its platform, ZuaHub, where AIF connects innovators with resources and help them grow.

“IPA is a platform to showcase the inherent ingenuity that exists in Africa,” said Walter Fust, Chairman of the AIF Board. “Each year, several hundred participants submit their entries with new solutions to overcome African-specific challenges. This year we want to drive greater pan-African synergies across our network of enablers and partners to create inclusive opportunities for local innovators and together disrupt business models, empower people and drive positive social impact across the continent.”

The selection process will be led by an expert panel based on their knowledge and experience within the aforementioned IPA five key sectors as well as their influence and contributions to the tech and business industry on the African continent.

For more details, please check this link and apply for IPA 2018 NOW by clicking here. Watch the video for all the information you need on IPA 2018.

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