The 2013 edition of a competition that seeks to recognise African entrepreneurship and reward African innovators who deliver market-orientated solutions for development is open for entries.
The competition is known as the Innovation Prize for Africa (IPA) and the winner receives $150 000, the runner-up $100 000 and two second runner-ups each receive $25 000.
The main criterion for the awards is a design that makes an impact in Africa, says IPA selection committee member Julius Akinyemi, who is a resident entrepreneur at the media lab of the Massachusetts Institute of Technology, in the US, and works on the commercialisation of technology innovation.
The IPA, which was an exhibitor at the recent South Africa Innovation Summit, believes that home-grown innovation is crucial to solving the continent’s economic and social problems.
Its mission is to elevate attention around innovative work and help support the continent’s entrepreneurs.
The aims of the 2013 edition are to fuel African innovation, promote innovation and science across Africa, profile success stories and encourage collaboration between entre- preneurs, innovators, funders and business development service providers.