#Opportunities: 2015 Nigerian Society of Engineers National Innovation Designers Prize (35 million Naira Innovation Prize)

nselogo

 

 

APPLICATION DEADLINE: FRIDAY 31ST JULY ,2015 MIDNIGHT.

The Nigerian Society of Engineers is delighted to announce the call for the 2015 National Engineering Innovation Prize (NEIP) applications. The NEIP honors and encourages innovative ideas and inventions in technology and engineering careers as well as business opportunities with potential of contributing to sustainable development in Nigeria.

1. Priority Areas

The NEIP recognizes innovative breakthroughs that unlock new potentials in the following five priority areas. The award is not restricted to these areas therefore if there are innovations in a different thematic area applications can still be submitted for entry.

  • Agriculture and Environment
  • Transportation, Energy, Water and Housing
  • Information and Communications Technologies (ICTs)
  • Manufacturing and Service Industry    

2. Application Procedure

You should consider submitting your application if you are a Nigerian student, entrepreneur, corporate entity, academic and research institution with an innovation that could potentially provide a solution to some of the everyday challenges.

3. Below are specific guidelines on who can apply and how to apply:

  • Eligible innovations MUST be by Nigerians. Nigerians in the Diaspora can also apply if their innovations are of significance to Nigeria.
  • An application with a full description of the innovation must be sequentially explained with pictorial representation using PowerPoint.
  • The innovation description should clearly illustrate the social and/or economic outcome and impact with regard to Africa development and the priority area chosen, and should be in line with the NEIP assessment and selection criteria.
  • Application and description of the innovation should be in English.
  • Applicants have the option 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 Nigerians.
  • There is no application fee

4. Criteria for Selection

In the overall assessment of winning applications, the winners are established with reference to:

  • The uniqueness of their innovations and superiority to similar or alternative solutions;
  • The size and nature of positive social impact that can be attributed to application of their innovation;
  • The potential of the innovation to become a commercial success.

In arriving at an assessment of the application, the Selection Panel will evaluate a submitted innovation against the following five criteria:

  • Social impact:The ability of the innovation to create or effect positive or desirable changes within the target community and beyond;
  • Scalability: The extent to which the innovation can be easily applied to other similar markets beyond the applicant’s immediate or local environment;
  • Marketability:The extent to which the innovation sufficiently addresses the problem it seeks to solve at a price or model that is accessible to the target market;
  • Originality: The uniqueness of the product and its superiority in comparison with similar or alternative products in the market.
  •  Scientific/technical aspects: For tangible technical/scientific products; this refers to the extent to which the technical/scientific specifications of the innovation are grounded on established science and sufficiently address any anticipated product risks.

5. Categories

  • Schools (Student, Institutions of learning and research)
  • Individuals:These are self-sponsored and independent of any organisation
  • Corporate organisations and industry giants.
  1. Levels of award in each category are;
  • First Prize (N20M): This prize will be awarded to the innovator with the overall best innovation that meets all the above-mentioned NEIP criteria and has a clear business potential.
  • Second Prize (N10M): This prize will be given to the selected innovator with a commercially-driven innovation. In addition to the aforementioned criteria, this category of award will be carefully assessed on its marketability potential and will be awarded to the innovation with the best commercial/business potential.
  • Third Prize (N5M): This category of award will be assessed carefully on its particular social impact in the community/country and will be awarded to the innovation with the best social impact.

 

For Application Procedures, click here

For more details click here

Admin

Advertisements

Published by: GraduatePro

GraduatePro was established with the sole aim of bridging the gap between graduates and today’s workplace. Using the power of audio-visuals, young people’s attraction to the creative industries and the current pervasiveness of Internet and mobile technology, Graduatepro will reverse the scourge of unemployment in Africa, one graduate at a time.

Categories OpportunitiesLeave a comment

Hey, Don't Be Shy, Drop A Comment :)

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s