PREVIOUS ARTICLENEXT ARTICLE
NEWS
By 23 August 2012 | Categories: news

0

Do you have a truly innovative, proudly African invention? Well US$100 000 might just be coming your way. The United Nations Economic Commission for Africa (ECA) and the African Innovation Foundation (AIF) have called for entries into the 2013 Innovation Prize for Africa (IPA). The competition aims to support Africans’ efforts to develop new products, increase efficiency and drive cost-savings.
 
Researchers, entrepreneurs and innovators are invited to propose projects that unlock new African potential under one of five categories. These include: 1) agriculture and agribusiness 2) ICT applications 3) health and wellbeing 4) environment, energy and water 5) manufacturing and services industries.
 
“The IPA team believes that the best way to build Africa’s capacity is to invest in local innovation and entrepreneurship,” said AIF chairman Walter Fust. “This prize encourages Africans to develop creative ways to overcome everyday challenges.”
 
Only innovations by Africans and for Africans are eligible to enter. Africans in the Diaspora can also apply if their innovations are of significance to Africa. The winning proposal will be awarded a cash prize of US$100 000, with the two runners-up receiving US$25 000.
 
The organisers expect the competition to promote the pursuit of science, technology and engineering careers and business applications among young African men and women.
 
The aims are to:
- Mobilise leaders from all sectors to fuel African innovation
- Promote innovation across Africa in key sectors of interest through the competition;
- Promote science, technology and engineering as rewarding, exciting and noble career options
among the youth in Africa by profiling successful applicants
- Encourage entrepreneurs, innovators, funding bodies and business development service
providers to exchange ideas and explore innovative business opportunities.

In pursuing those aims, the IPA expects the following outcomes:
- Increased commercialisation of research and development (R&D) outputs in Africa
- Increased funding of start-ups, adoption of new and emerging technologies and accelerated
growth of an innovative and dynamic private sector
- Increased economic activity and African led development that results in lasting impact.
 
The registration deadline for the 2013 prize has been set for 31 October 2012 with no possibility for extensions.

For detailed information of competition categories, conditions of entry, and submission procedures, please visit: www.InnovationPrizeForAfrica.org. For highlights and more information, follow the Innovation Prize for Africa team on Twitter and Facebook

USER COMMENTS

Read
Magazine Online
TechSmart.co.za is South Africa's leading magazine for tech product reviews, tech news, videos, tech specs and gadgets.
Start reading now >
Download latest issue

Have Your Say


What new tech or developments are you most anticipating this year?
New smartphone announcements (20 votes)
Technological breakthroughs (17 votes)
Launch of new consoles, or notebooks (10 votes)
Innovative Artificial Intelligence solutions (12 votes)
Biotechnology or medical advancements (18 votes)
Better business applications (86 votes)