The African Innovation Foundation (AIF) has announced the 7th edition of the Innovation Prize for Africa (IPA).
Themed “investing in inclusive innovation ecosystems” the annual Award seeks to celebrate outstanding breakthroughs that deliver practical, and commercially viable African solutions that are innovative and sustainable.
In addition to the lucrative share prize of US$ 185 000 cash.
According to Pauline Mujawamariya Koelbl, the IPA Director, “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.”
The call for entries will run for three months starting from 10 October 2017 with a submission deadline of 10 January 2018 at 23:59pm GMT. IPA’s goal is to strengthen African innovation ecosystems by supporting a culture of innovation and competitiveness, whilst spurring 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.
Last year saw over 2 500 applications from across the continent, with the highest number of women applicants (482 representing 19%). To date, IPA has attracted more than 7 500 innovators spanning 52 countries featuring 55 of the continent’s top innovators and 400+ innovation enablers making it a truly a pan-African initiative.