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Lasric Innovation Cohort II Call For Application (Win N5M Innovation Grant)

Lasric Innovation Cohort II

The Lasric Innovation Cohort II call for application is now on, they are looking for great ideas that could be related but not limited to Agriculture, Education, Healthcare, Housing, and Transportation.

If you have ideas/innovation in the listed areas, apply immediately.

See Also: Swiss Re Foundation 2021 Entrepreneurs For Resilience Award

Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

The Lagos State Science Research & Innovation Council (LASRIC), in its bid to develop and resource Innovation and Science research, the council is calling for fund ready innovations. It is calling for innovations with the capacity to scale and deliver on the intrinsic economic and civic value in Lagos.

These initiative key focus areas include but are not limited to Agriculture, Science & Technology, Manufacturing, Healthcare, Transportation, Education & Housing.

Eligibility Requirements

To be eligible to participate for the LASRIC award, as an applicant, you must;

  1. Be a citizen of Nigeria
  2. Must be a minimum of 18years of age
  3. You must submit your application which must be your original work
  4. Have an MVP (minimum viable product) i.e. you have customers.
  5. Be able to fund your team travel expenses and other associated costs – understand the objectives of LASRIC and what it stands for; and
  6. Be able to represent LASRIC as an Ambassador.

See Also: UK-Nigeria Tech Hub Future Females Business School Tech Programme

Additionally, you must be able to provide;

  1. Valid means of identification (LASRAA Card is acceptable)
  2. Full disclosure of criminal records, if any
  3. Evidence of payment of personal income tax to date (if as an innovator, you are gainfully employed).

Benefits Of Lasric Innovation Cohort II

The winner of the LASRIC Cohort II will, subject to the Terms & Conditions, receive Funding of N5,000,000 (five million Naira)

Assessment Criteria

Your application must meet up with the following criteria;

  1. Vision: Problem – how big, as in how many people affected by it? Solution – how unique and commercially viable.
  2. Proposition: How valuable is it to the target customers.
  3. Organisation: Ability to execute
  4. Economics: Ability to execute
  5. Milestones: Achievements to date and forecasts

See Also: Thrive Africa Challenge 2020 For Innovative Early-Stage African Startups

The deadline for submissions for the LASRIC Innovation Cohort II is 21 Oct. 2020. If you are an innovator in any of the listed areas, this is an amazing opportunity is for you. Apply using this link; https://lasric.lagosstate.gov.ng/callup

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Go from idea to starting your business in 30 days
Go from idea to starting your business in 30 days

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