Cascador, NSIA Partner To Empower Nigerian Entrepreneurs

Cascador and the Nigeria Sovereign Funding Authority (NSIA) have shaped a strategic partnership to drive innovation and help homegrown options with the potential for transformative affect.The partnership will allow them to construct constructive socio-economic outcomes by means of strategic home infrastructure investments and supply fiscal help in occasions of financial misery.

The Cascador 2025 program utility opens on April 1st and submissions for the NSIA Prize for Innovation closes on April fifth.

The partnership comes as Cascador launches its $2 million annual Catalytic Fund designed to offer progress capital to alumni of its program, and follows NSIA’s launch of the third version of the NSIA Prize for Innovation programme tailor-made to help early stage companies inside Agriculture, Healthcare and Schooling. NSIA’s involvement will additional improve the help obtainable to promising entrepreneurs.

This 12 months’s focus sectors embrace Healthcare, Schooling, and Agriculture—areas essential to Nigeria’s improvement and aligned with each organizations’ affect aims.

“By leveraging NSIA’s institutional experience and Cascador’s monitor file of growing high-impact entrepreneurs, this partnership unlocks new alternatives for Nigerian enterprise leaders tackling urgent societal challenges,” mentioned Dave DeLucia, Founding father of Cascador.

“NSIA stays dedicated to increasing financial alternatives and advancing innovation as a key part of Nationwide improvement. We imagine that supporting high-potential entrepreneurs is pivotal to driving sustainable financial progress. Correspondingly, our collaboration with Cascador aligns with our total technique to meaningfully create worth in Nigeria, mentioned Aminu Umar-Sadiq, Managing Director of NSIA.

CEO of Cascador, Trish Thomas, mentioned: “Devoted Cascador Prize for Affect valued at $45,000 with winners chosen by Cascador representatives on the award ceremony for NPI finalists.”

“Each Cascador and NSIA imagine within the energy of innovation to create an affect in Nigeria. We’re sponsoring prizes in every competitors to inspire finalists for the NSIA Prize for Innovation and the

Cascador Catalytic Fund to concentrate on leveraging creativeness and drive to resolve powerful challenges.Our intent is that these prizes speed up efforts within the enterprise neighborhood to make a constructive affect on the world”.

The NSIA Prize for Innovation is a multi-year initiative devoted to supporting early-stage companies with the potential for transformative affect. The competitors, which is at the moment open for functions till fifth April, 2025, goals to determine, construct, and finance early-stage modern options which have the potential to catalyze financial progress, improve the nation’s productive capability, and create jobs.

NPI 3.0 gives Nigerian innovators the chance to win a mixed prize worth of $220,000. Others embrace a five-week, all-expenses-paid coaching program in Silicon Valley, USA, enhanced visibility for portfolio corporations by means of joint promotional actions, entry to NSIA’s in depth community of companions and assets.