Apply for Engineering Innovation Awards – 2015 [Get N20M]

Nigerian Society of Engineers invites suitably qualified members of the public to apply for the 2015 National Engineering Innovation Prize (NEIP) applications.

About National Engineering Innovation Prize.

The Engineering Innovation Awards is an annual innovation award of the  Nigerian Society of Engineers.
The Engineering Innovation Awards honours and encourages innovative ideas and inventions in technology and engineering careers as well as business opportunities with potential of contributing to sustainable development in Nigeria.
The NEIP recognizes innovative breakthroughs that unlock new potentials in the following four priority areas. The award is not restricted to these areas therefore if there are innovations in a different thematic area applications can still be submitted for entry.

• Agriculture and Environment
• Transportation, Energy, Water and Housing
• Information and Communications Technologies (ICTs)
• Manufacturing and Service Industry

It is important to note that: the NEIP is differentiated from other prizes by assessing both hi-tech versus low-tech innovations and tangible products versus intangible social processes on the same plane. This provides an opportunity for innovators from a wide spectrum of educational and social backgrounds to compete at the same level and the only determining success factor in all instances is how the innovations are assessed on the key indicators.
The NEIP anticipates contributing to the following outcomes:

• Increased commercialization of research and development (R&D) outputs in Nigeria
• Increased funding of start-ups, adoption of new and emerging technologies, accelerated growth of an innovative and dynamic private sector; and increased economic activity that results in lasting impact.
• A strong innovation ecosystem

This Year application is open.

National Engineering Innovation Prize – Eligibility.

You should consider submitting your application if you are a Nigerian student, entrepreneur, corporate entity, academic and research institution with an innovation that could potentially provide a solution to some of the everyday challenges.
Below are specific guidelines on who can apply and how to apply:

• Eligible innovations MUST be by Nigerians. Nigerians in the Diaspora can also apply if their innovations are of significance to Nigeria.
• An application with a full description of the innovation must be sequentially explained with pictorial representation using PowerPoint.
• The innovation description should clearly illustrate the social and/or economic outcome and impact with regard to Africa development and the priority area chosen, and should be in line with the NEIP assessment and selection criteria.
• Application and description of the innovation should be in English.
• Applicants have the option to attach a letter of support/endorsement from an institution or an authority with knowledge of their innovation. This will serve as a testimony of how important the innovation is in addressing development challenges faced by Nigerians.
• There is no application fee.

National Engineering Innovation Prize – Selection Criteria.

In the overall assessment of winning applications, the winners are established with reference to:

• The uniqueness of their innovations and superiority to similar or alternative solutions;
• The size and nature of positive social impact that can be attributed to application of their innovation;
• The potential of the innovation to become a commercial success.

In arriving at an assessment of the application, the Selection Panel will evaluate a submitted innovation against the following five criteria:
The following are the five criteria to be considered:

1. Originality: The uniqueness of the product and its superiority in comparison with similar or alternative products in the market;
2. Marketability: The extent to which the innovation sufficiently addresses the problem it seeks to solve at a price or model that is accessible to the target market;
3. Scalability: The extent to which the innovation can be easily applied to other similar markets beyond the applicant’s immediate or local environment;
4. Social impact: The ability of the innovation to create or effect positive or desirable changes within the target community and beyond;
5. Scientific/technical aspects: For tangible technical/scientific products; this refers to the extent to which the technical/scientific specifications of the innovation are grounded on established science and sufficiently address any anticipated product risks.

National Engineering Innovation Prize – Selection Process.

NEIP selection process follows specific guidelines associated with the NEIP governance structure, which involves the following three groups with specific roles:
All received applications are subjected to a rigorous multi-tier assessment/evaluation process based on the NEIP five weighted criteria. Below is a summary of steps involved in the NEIP selection process with the timeline:
1. Pre-screening: The NEIP secretariat assesses that the received applications meet the minimum requirements. This is done throughout the competition period.
2. Shortlisting: Shortlisting will be undertaken by the selection panel composed of jurors from private equity investors, seed funders, venture capitalists, entrepreneurs, development leaders and academia.
3. Background Checks: The NEIP secretariat will carry out background checks on ownership and authenticity of the shortlisted innovations. If needed, applicants may be contacted and site visits may also be carried out.
4. Selection Panel meeting: The NEIP jurors meet to deliberate on the innovations to be forwarded to the technical validation experts.
5. Technical Validation: Technical experts from reputable institutions will carry out validation and will evaluate the innovativeness of the recommended applications.
6. Phone Interviews: The selection panel will conduct phone interviews to determine the NEIP nominees who would be invited to the face to face interviews. The nominees will be announced in August.
8. Awards Ceremony: NEIP 2015 winners will be announced and awarded at a special ceremony. Venue and exact date will be announced and will be posted on NEIP and NSE website and other social media channel.

National Engineering Innovation Prize.

The 2015 NEIP will consist of three Prize categories, awarded on three separate levels for each category. They are:
1. Schools (Institutions of learning and research)
2. Individuals: These are self-sponsored and independent of any organisation
3. Corporate organisations and industry giants.
Levels of award in each category are;

• First Prize (N20M): This prize will be awarded to the innovator with the overall best innovation that meets all the above-mentioned NEIP criteria and has a clear business potential.
• Second Prize (N10M): This prize will be given to the selected innovator with a commercially-driven innovation. In addition to the aforementioned criteria, this category of award will be carefully assessed on its marketability potential and will be awarded to the innovation with the best commercial/business potential.
• Third Prize (N5M): This category of award will be assessed carefully on its particular social impact in the community/country and will be awarded to the innovation with the best social impact.

National Engineering Innovation Prize – Submission of Entries.

A full description of the innovation must accompany each submission; otherwise the entry will be disqualified. Each mandatory question must be answered fully and making a reference to the attachments does not replace answering the question and would lead to disqualification. Please note that there is no fee to apply.
Options for submitting your application:
You can submit your application by clicking on the link below
Click Here to Apply Online
For any questions regarding the NEIP application process, please check first the website and if you still have questions then contact the NSE Secretariat:
Email: engineeringinnovationprize@nse.org.ng
Telephone:08032356528, 08062381279, 07039868837
CLOSING DATE
The closing date for the NEIP 2015 Application is midnight, Friday, 31st July, 2015.
MSG Team.