Innovation Prize in Africa: Nigeria makes top 10



 

WEEKLY TRUST

Innovation Prize in Africa: Nigeria makes top 10

Category: News Published on Saturday, 12 April 2014 05:00 Written by Amina Alhassan
The African Innovation Foundation (AIF) announced the finalists of the prestigious Innovation Prize for Africa (IPA) 2014 of which Nigeria is one. The selection of the final ten African innovators who have created practical solutions to some of Africa’s problems from domestic waste to an antiretroviral drug treatment were chosen from over seven hundred applications from forty two Africa countries.

Sulaiman Bolarinde Famro representing Nigeria’s invention for Farmking Mobile Multi-crop Processor is among the finalists. The innovation uses centrifugal forces to process cassava, sweet potatoes, soy, grains and cereals. It helps to separate the tubers from liquid, particles and impurities/toxic elements. The extractor is designed to replace the present crude fermentation and pressing technology which is extremely slow and wasteful and offers limited output and profitability.

The finalists for the IPA 2014 represent Africans’ potential to address the challenges that are unique to the continent. The winners of the IPA 2014 will be announced at an awards ceremony on the 5th of May in Abuja, Nigeria.

The Honourable Minister NgoziOkonjo-Iweala, Nigeria’s Minister of finance, who is the keynote speaker at the event, will highlight the importance of innovation to unlock Africa’s potential for sustainable development and economic growth. The winner will receive $100,000 for the best innovation based on marketability, originality, scalability, social impact and clear business potential. A runner up will receive $25 000 for the best commercial potential and another winner will receive $25 000 as a special prize for innovation with the highest social impact. Prior to the awards ceremony, a roundtable featuring innovation experts will take place, to address the theme “A Path to Building Industrial Nation Skillsets in Africa”.

“As global leaders gather for the 2014 World Economic Forum on Africa to discuss approaches to inclusive growth and job creation, the IPA 2014 innovators demonstrate that the best way to achieve equitable economic growth for all Africans is to invest in local innovation and entrepreneurship,” said Jean-Claude Bastos de Morais, founder of the African Innovation Foundation and the IPA.

The Other nine finalists include Ashley Uys (South Africa), Daniel Gitau Thairu (Kenya), Elise Rasel Cloete (South Africa), Joshua Okello (Kenya), Logou Minsob (Togo), Dr. Nicolaas Duneas (South Africa), Maman Abdou Kane (Niger), Melesse Temesgen (Ethiopia), Viness Pillay (South Africa).

 

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