Urban Innovation Challenge 2020 for Innovators and Entrepreneurs

by insideschoolng | Apr 20, 2020 | LATEST SCHOLARSHIP UPDATE

Applicants are now invited for the Lagos Urban Innovation Challenge 2020. The Lagos Urban Innovation Challenge is designed to support the innovators and entrepreneurs who are shaping the Lagos of tomorrow.

Do you want to shape the future of Lagos? They are seeking ideas that can solve critical urban issues in Lagos. The challenge invites innovators and entrepreneurs to respond to the this question: What does the future of Lagos look like and how does your solution make the city better for everyone, including those in informal urban slums?

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The world as we know it is rapidly changing and Lagos, projected to become the world’s largest megacity by 2100, already faces significant challenges despite its position as a regional economic hub. These challenges present significant opportunities for entrepreneurs who leverage innovative approaches to build solutions that solve critical issues that impact residents within the city.

You may want to Check these opportunities before you proceed:

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Thematic Areas

Energy & Grid

Food, Waste & Water

GovTech & Civic Solutions

Transportation & Mobility

Built Environment & Real Estate

Infrastructure & Industry

Public Health & Safety

Wildcard Solutions

Benefits

Up to 12 semifinalists will:

Receive $10,000 in AWS Activate Credits valid for 2 years

Up to 6 finalists will:

Participate in Utopia’s virtual urban accelerator programme

Receive curated access to equity funding opportunities

Receive curated access to relevant Lagos State government agencies

Be eligible for workspace vouchers from Lagos Innovates

Get access to Utopia’s global network of experts and partners

Get 6 months priority access to Utopia Lagos CITYLAB space at launch

Get access to Utopia Studio in Silicon Valley.

Eligibility

Your urban solution or startup must operate in or focus on Lagos. Your proposed urban solution could make the city better for the many, not just the few.

You must be an early stage startup/team with at least a minimum viable product. There is a preference for teams with a gender mix.

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You must be able to demonstrate a clear business model.

Evaluation Criteria

They will assess applications based on 5 criteria.

Critical: Does this solution address a critical problem in Lagos

Original: Is the urban solution innovative within the city?

Scalable: Can this solution impact one million people in Lagos?

Viable: Can this solution be implemented in Lagos?

Team Capacity: Has the team demonstrated the capacity to build and scale the urban solution?

Application

Application will follow this timeline:

April 6: Challenge launched and call for applications open

April 6 – May 31: Application phase

June 1 – June 14: Application review phase; semifinalists selected

June 15: Semifinalists notified and interviews scheduled

June 15 – July 5: Interviews conducted and finalists selected

July 6: Winners announced

TBC: Summit and Award Ceremony

Note: While the challenge is designed to run virtually and organizers do not foresee any major impact of COVID-19 on the timeline, there is the possibility of extending the application period to allow innovators respond to the emergence of new trends that might shape the future of cities.

Deadline: May 31, 2020

For more information, visit Lagos Urban Innovation Challenge.

Click here to Apply

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