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Organised by the ECA and AIF, researchers, entrepreneurs and innovators are invited to propose projects that unlock new African potential under one of five categories which include:
"The IPA team believes that best way to build Africa's capacity is to invest in local innovation and entrepreneurship," said AIF chairman, Walter Fust. "This prize encourages Africans to develop creative ways to overcome everyday challenges."
Only innovations by Africans and for Africans are eligible to enter. Africans in the Diaspora can also apply if their innovations are of significance to Africa. The winning proposal will be awarded a cash prize of US$100 000, with the two runners-up receiving US$25 000.
The organisers expect the prize to promote among young African men and women the pursuit of science, technology and engineering careers and business applications.
The aims are to:
In pursuing those aims, the IPA expects the following outcomes:
The registration deadline for the 2013 prize has been set for 31 October 2012 with no possibility for extensions.
For more, go to www.innovationprizeforafrica.org.