Etisalat Prize for Innovation (What it’s all about)

Etisalat Prize for Innovation is a concept initiated by telecommunication company Etisalat in Nigeria to reward entrepreneurs (techpreneurs) for their new innovations.

The 2015 Etisalat Prize for Innovation awards will be giving in two (2) categories;

  1. Most innovative products or service launched within the last calendar year.
  2. The most innovative idea for driving mobile broadband use in Nigeria.

Broadband connection across Nigeria is growing mostly through mobile connectivity and is critical to economic development. According to Wavermen et al on “The Impact of Telecoms on Economic Growth in Developing Markets”, A rise of ten mobile phones per 100 people boost GDP growth by 0.6% as cited by the GSM Association, resulting in improved market information flow and assisting SME’s and Entrepreneurs to grow business.

2015 Etisalat Prize for Innovation TheTotalEntrepreneurs

Etisalat believes innovation should go beyond improvements in existing products and services, and instead have real valuable social or economic impact to customers.

Entry is open to Nigeria mobile broadband community including but not limited to SMEs and individuals developing innovative mobile broadband solutions and will need to show demonstrable impact or potential impact for an idea on broadband usage, impressive uptake from customers and have made a visible commercial or social impact on the community.

Entry is open to:

  • Handset and/or device manufacturers and customers:
    – dongles & modems
    – embedded devices
    – tablets & eReaders
  • Apps developers and other software service providers making use of mobile broadband capability.
  • Content developers

Note on the commercial product/service:

  • The product or service submitted must have been launched and commercially available within 12 months, prior to the closing deadline of the prize.
  • Supporting evidence must be provided for launch and quoted commercial figures including details of locations or regions where the service is available.

Prizes

First Category: Most innovative products or service launched in the last 12 months.

  1. N5, 000, 000 cash prize
  2. 2 smartphones/tablets/mobile devices
  3. Etisalat Mifi (with free data for one year)
  4. Business Development Mentoring (In-House)
  5. Promotion of product using Etisalat Online Platforms

Second Category: Most innovative idea for driving mobile broadband

  1. N2, 000, 000 cash prize
  2. 2 smartphones/tablets/mobile devices
  3. Etisalat Mifi (with free data for one year)
  4. Business Development Mentoring (in-House)

To apply

Click here to submit an entry.

Submission closes on 3rd August 2015.

Winners for this year’s competition will be announced in October 2015.

I Recommended You Read:

Francis is a Passionate Social Entrepreneur. Love discussing new trends in Business and Marketing. A Startup consultant. A good listener. Love to help that your business grow.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *