The Nigeria Sovereign Investment Authority named the winners of its fourth NSIA Prize for Innovation. The top three startups will share US$220,000 in cash and equity funding. Lagos-based Come Again Foods took first place and received US$100,000.
Prize breakdown
Protein Kapital from Jeddah received US$70,000 as first runner-up. InstantRad from Accra received US$50,000 as second runner-up. All 12 finalists will join a funded entrepreneurship program run by Pan-Atlantic University's Enterprise Development Centre.
Company backgrounds
Come Again Foods makes affordable snacks in Nigeria and sources more than 80% of its raw materials from local farmers. Protein Kapital breeds black soldier flies at industrial scale. InstantRad supplies cloud-based radiology tools to healthcare institutions.
What they offer
Come Again Foods produces Tapiokies, a cassava-based biscuit sold in 50-sachet cartons. Protein Kapital sells black soldier fly eggs to farmers, feed producers, and waste managers. InstantRad hosts a medical imaging platform with DICOM and PACS servers on an Amazon HIPAA-compliant cloud.
NSIA also awarded additional prizes with Cascador at the same demo day. Eight Medical and Uwana Energy each received US$15,000. Sambal Enterprise, Come Again Foods, and ebeesgreen each received US$5,000 as runners-up.