# NSIA Prize for Innovation

> NSIA Prize for Innovation is a VC fund backing Medical, Consulting and Health Care. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 4
- Last investment: Aug 2025
- Lead investor: 100%
- Last updated: Aug 2026
- X (Twitter): https://twitter.com/NSIAInnovationP
- Website: https://nsia-ip.com
- Facebook: https://www.facebook.com/nsiaprizeforinnovation/?show_switched_toast=0&show_invite_to_follow=0&show_switched_tooltip=0&show_podcast_settings=0&show_community_review_changes=0&show_community_rollback=0&show_follower_visibility_disclosure=0

NSIA Prize for Innovation is a VC fund focused on Medical and Consulting. NSIA Prize for Innovation is sponsored by the nigeria sovereign investment authority to boost innovation in digital ecosystem and support domestic ideas that can drive socioeconomic growth.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Medical | 1 | 25% |
| Consulting | 1 | 25% |
| Health Care | 1 | 25% |
| Risk Management | 1 | 25% |
| Stock Exchanges | 1 | 25% |

7 industries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Gerocare | GeroCare provides an affordable and easily accessible means for the elderly (50 years and above) to receive regular home visits by a medical doctor in any city in Nigeria. This is done to help them maintain a healthy state, prevent deteriorations in their health as they grow older and improve their quality of life. We bring peace of mind to theirloved ones who receive updates on their parent’s health status and also peace of mind for these elderly who are reassured that someone cares. | $55K | Grant | Aug 03, 2025 |  |
| D-Olivette | D-Olivette provides a decentralized energy solution for rural communities through products that convert organic waste into biogas and fertilizer. | $115K | Grant | Aug 03, 2025 |  |
| Promise Point | Promise Point is a woman-led agribusiness in southwestern Nigeria’s Ekiti State that operates a fully automated cassava processing facility on over 1,500 hectares of its own farmland and partners with more than 2,000 smallholder farmers. The company specializes in producing high-quality cassava starch and bio-fortified gari, supplying bothmultinationals and local markets, and guarantees market access and inclusive value chain benefits for smallholders. | $85K | Grant | Aug 03, 2025 |  |
| Money Africa | Money Africa is an application that provides investment, financial, foreign stock, bonding, risk, and asset management solutions. | $25K | Grant | Jun 24, 2023 |  |

4 of 4 investments shown.

## Co-investors
- [Cascador](https://shizune.co/investors/profile/cascador) — VC Fund, 2 deals together
- PVAC Healthcare Innovation — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Scottish Enterprise](https://shizune.co/investors/profile/scottish-enterprise) — VC Fund
- [Foundation for Innovation and Technology (FIT)](https://shizune.co/investors/profile/foundation-pour-l-innovation-technologique) — VC Fund
- [Business Finland](https://shizune.co/investors/profile/tekes) — VC Fund

## FAQ

### What does NSIA Prize for Innovation invest in?

NSIA Prize for Innovation invests primarily in Medical, Consulting and Health Care startups, most often at Grant stage. Most of the 4 investments tracked by Shizune back companies in Nigeria. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did NSIA Prize for Innovation last invest?

The most recent investment recorded for NSIA Prize for Innovation closed in Aug 2025. Shizune tracks 4 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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