Deadline: 30th, April, 2020
Location: Online
Eligible Country: Nigeria Nationals


Do you have an Innovative Idea or Technology Driven Solution? Apply now for theProfessor Ogundipe Innovative Challenge. It is a science and technology competition which is set to reward technological innovations, novel scientific concepts/ideas, redefined approach(es) to existing solutions to problems. POIC promotes entrepreneurship, technological revolution and improved economic outlook



Application Procedure



The applications should be submitted in a written format to the website for the preliminary stage.
Applicants that passed the preliminary stage would be contacted for the quarter finals and would have to submit a video presentation of their invention.
Applications that scale through the quarter finals into the semi-finals would be required to make a physical presentation with their invention, explaining how it works and how it can help Nigeria tackle a problem.
Applications would be judged based on originality and effectiveness.
Requirements


Team

All team members must be an enrolled student of any Tertiary Institution in Nigeria, as either an undergraduate or postgraduate student with a valid means of identification. No less than two and no more than five (5) members to a team.


Idea Pitch

The proposed idea should be suitable for funding at some level to take it further. The proposed idea should not be in violation of any intellectual property rights as far as you are aware.
Teams or team members that have received any form of venture capital financing for their idea or a likeness thereof may not participate in the competition. Competition participants may not contact POIC judges from any round and judges are not to contact any POIC participants during the course of the Competition.


Intellectual Property

Ideas have little value. Only when they are built into real companies or turned into issued patents is any real value realizable. This competition is about building ideas into opportunities – the very first step on the way to possibly building any value. It is customary in these early stages that there is no real intellectual property with any value, unless one of the team members already has at least filed for patents. Investors, in any case, do not sign confidentiality agreements, and entrepreneurs must learn that trust is more important than legal documents.
It is more important to build a team with people that you trust and to rely on the integrity of the judges to respect your ideas. In any case you should only disclose information with which you are comfortable. At this stage, it is not necessary to explain exactly how you do something that might give away “secrets”, but to focus on the size of the opportunity and how you are going to take advantage of it

Benefits

There are both monetary and “in-kind” prizes available for the top three teams. The three teams will receive a prize of N1,000, 000 each. In addition, the three winning teams will be entitled to receive certain other non-monetary prizes (to be announced)



CLICK HERE TO APPLY