The African Innovation
Foundation (AIF) is calling on all African innovators to submit their entries
for the fourth edition of the Innovation Prize for Africa (IPA) competition.
The IPA is presented annually,
enabling and encouraging African pioneers to develop creative ideas and
techniques to overcome some of the challenges faced by the continent and
support sustainable development.
All innovations are evaluated
based on the following criteria: originality, marketability, scalability,
social impact and scientific/technical aspects. The best submission will be
awarded a grand prize of USD 100 000. The second prize of USD 25 000 will
be awarded to an innovator with an innovation which has the best commercial and
business potential. An additional award is a special prize granted to the
innovator whose innovation has the best social impact in the community.
The IPA encourages
entries in five key categories: Agriculture and Agribusiness, Environment,
Energy and Water, Health and Wellbeing, ICT applications, and Manufacturing and
Services Industries.
“IPA provides a platform to encourage and
harness these entrepreneurial skills in order to help improve the lives of
Africans and to help realise untapped potential. The prize is also a great way
of unleashing creativity and promoting growth within the African continent.”
IPA 2013 winner, AgriProtein
went on to raise $11 million to build its first two commercial farms in Cape
Town.
“Africa needs meaningful
investment to alleviate poverty and provide inclusive prosperity. To achieve
this, we need to be able to provide environments that promote quality
investment for the people and reduce risks." said AgriProtein
spokesperson, David Drew.
The IPA also beckons all
investors, governments and other stakeholders interested in evaluating,
investing and maximising the continent’s resources to participate in this
innovative and empowering initiative and make a significant change through
generous contributions that will accelerate the Africa’s economic growth.
The deadline for submitting
applications: 31 October 2014 at 24h00 GMT.
For more information, please
visit: http://innovationprizeforafrica.org/.
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