Info For Y'all The Project Design Challenge (N5 Meg Prize Money) Past Times Iqube For Immature Nigerians

The Innovation Challenge

Course(s) Offered: Innovative concepts
Course Level: Entrepreneurial Contest
Provider: iQube
Country to Study in: Nigeria

Scholarship Description
In recent years, at that spot has been increased emphasis on the bespeak for immature Nigerians to develop entrepreneurial skills. Many populace as well as privately-led youth schemes select been organized to promote entrepreneurship as well as self-reliance, to ramp upward the charge per unit of measurement of economical evolution as well as trim down the grade of unemployment.

While entrepreneurship is credited equally a critical driver of economical growth, recent manufacture studies let out that 65% of start-ups inward Nigeria buy the farm inside the start three years, no cheers to the country’s electrical current 131st position inward the global ease-of-doing describe of piece of work concern ranking. Influenza A virus subtype H5N1 seat attributable to the piteous character of infrastructure inward the nation.

This dire province of affairs has increased the bespeak for aspiring as well as established entrepreneurs to employ invention equally a vital tool for describe of piece of work concern success as well as socio-economic impact. The Innovation Challenge is a uniquely designed contest aimed at promoting as well as rewarding innovation. The Innovation Challenge is organised past times iQube inward conjunction with its strategic partners.

Eligibility
General guidelines:
  • Interested contestants of the Innovation Challenge could either survive an private or team.
  • Contestants must survive betwixt 18-35 years old.
  • All private applicants or squad members must survive residents or citizens of Nigeria. Documentation volition survive required of the finalists.
  • There is no restrain to the number of invention concept should survive submitted per individual. However, submissions from the same squad or private must survive materially dissimilar inward content as well as may non stand upward for tyke modifications or dissimilar versions of the same concept.
  • There is no restrain to the number of teams inward which an private may participate.
  • The Innovation Concept must survive the master move of the squad submitting.
  • Employees or their household unit of measurement members from iQube or whatever of its strategic partners are non eligible to compete.
  • While participants volition retain ownership rights to intellectual belongings relating to their Innovation Concept, they must survive willing to supply shareable information to the media as well as full general public.
  • Failure to encounter whatever of the eligibility requirements volition resultant inward disqualification from the contest.
Evaluation Criteria:
Each invention concept submitted volition survive assessed past times a squad of proficient based on:
  • The character of thought, interrogation as well as analysis conveyed past times Innovation Concept
  • Extent to which an private or squad demonstrates invention as well as out-of-the box thinking inward its proposed approach
  • The extent to which the invention opportunity, equally presented, is both attractive as well as realistic.
Eligible groups
Citizens or residents of Nigeria

Fields of study
This challenge is all nearly developing Innovative Concepts. iQube regards an Innovative Concept equally a developed idea, production or service that tin dismiss practise novel value through its potential to solve a social or economical problem.

Tips for Innovation Concept Development:
Describing the Innovation Concept
  • What is the invention opportunity/challenge, marketplace bespeak or social job your concept addresses?
  • What is the invention concept (i.e. production or as well as how does it encounter this need?
  • Is the production or service technologically feasible?
  • What is the target market/beneficiary? What is the size as well as what are the characteristics of this market?
Defining the Industry
  • What manufacture or sector is the concept straight or indirectly related to?
  • What is volition survive your unique value proffer to this industry?
Creating the Innovative Solution
  • How practise y'all intend to convey this thought to life?
  • How volition the concept deliver social and/or economical value?
  • How good practise your fiscal projections evidence the economical viability of the concept?
Identifying Critical Issues to Resolve
  • What are the critical issues to resolve equally y'all motion frontward inward your planning as well as execution process?
Number of awards
Not specified

Scholarship benefits
The benefits of this computer programme to the Participants include: Assessment of the Innovation Concept past times a panel of invention as well as describe of piece of work concern experts; AND a N5 1000000 prize vantage to survive won.

Method of Application
To REGISTER for the Innovation Challenge:
Applicants should download, consummate as well as submit registration forms to tic@iQubeonline.com on or earlier 12pm of the deadline engagement indicated below.

To download 'The Innovation Challenge Contestant Brief', 'Competition Guidelines', AND 'Registration Form'; see the official website (link to it is below).

DEADLINES:
All applications for the 2013 Innovation Challenge should survive submitted non afterward than 12pm on 18th October, 2013.

The Program Schedule:
S/NActivitiesTimeline
1Contest Announcements/Kick-offSept 13, 2013
2Registration of Innovation Challenge ContestantsSept 13-Oct 18th, 2013
3Submission of Innovative Concepts (in Ms. PowerPoint or Video Format) with a 1-page Executive Summary (in Ms. Word)November 15th, 2013
4Shortlist as well as Announce Top xv Shortlisted Contestants.Provide Review Feedback on Innovative ConceptNovember 29th, 2013
5Conduct Live Presentations of Top xv ContestantsDecember 2d -6th, 2013
6Conduct 2d Live Presentations of Top seven ContestantsJanuary 13th-17th, 2014
7Announce Top three Winners of the contestFebruary 26th, 2014

PLEASE NOTE:
iQube is a multi-channel platform, designed to foster knowledge-sharing as well as collaboration inside corporate describe of piece of work concern communities. iQube – Inspiration, Innovation as well as Insight – is a platform which celebrates innovative ideas that are breaking the mold inward dissimilar industries inward fundamental regions of the world.

Objective of The Innovation Challenge:
  • To supply a platform for the Nigerian youth to introduce innovative concepts that tin dismiss supply meaning economical as well as social impact.
  • To promote invention as well as “out-the-box” thinking alongside immature professionals.
  • To vantage invention challenge participants as well as winners with N5 1000000 reward.
Contact
All applications should survive directed to tic@iQubeonline.com.

Application Deadline: xviii October, 2013
Open to International Applicants: No (ONLY Nigerians)

More Scholarship Information as well as Application

Related: World Bank Group Youth Summit for Young People Worldwide

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