The African Innovation Foundation (AIF) has announced a 30-day extension for its Innovation Prize Award (IPA) 2015, offering a total prize share of US$150,000 as well as investment opportunities, media attention and the chance to transform the African innovation landscape.
The deadline for entries for the award is now November 30, with the AIF particularly encouraging applications from women and young people.
Innovators in five key sectors – agriculture and agribusiness, environment energy and water, manufacturing and service industry, health and wellbeing, and ICTs – are being targeted, with the competition open to all Africans including those in the diaspora.
“We want to take the ecosystem of innovation to a new level across the continent, and are therefore encouraging applications from all 54 African countries to be a part of this unique initiative,” said IPA director Pauline Mujawamariya.
The top 10 finalists will receive investment from IPA of up to US$5,000 to further spotlight their innovations. Innovations must be categorised as original, marketable and scalable, with the ability to create a social impact, address existing development challenges or demonstrate technological or scientific significance.
“We are looking for smart, innovative solutions that can drive tangible change on the ground and better the lives of Africans,” the AIF said.
The AIF will also select 10 of the most promising projects driven by African women and support them with training, mentorship, relevant networks and potential investors.
“Furthermore, 10 of the most promising projects undertaken by young innovators will have the opportunity to join the AIF innovation networks, with links to mentors, fellowships and other incentives. So if your idea can shine bright and sustain itself, you are in the line up to receive support to take your venture further and ignite the African innovation ecosystem,” the AIF said.