Who is eligible to participate?
To be eligible for the LASRIC award, the applicant must: 1. Be a citizen of Nigeria 2. Be a citizen of Nigeria 3. Submit their application which must be their original work 4. Have an MVP (minimum viable product) i.e. you have customers 5. Be able to fund his/her/team travel expenses and other associated costs 6. Understand the objectives of LASRIC and what we stand for; and 7. Be able to represent LASRIC as an Ambassador
In addition, the Individual must provide: ● Valid means of identification (LASRRA Card is acceptable). ● Full disclosure of criminal records, if any. ● Evidence of payment of personal income tax till date (if innovator is gainfully employed).
Are there focus areas for Innovation@LASRIC Cohort II?
We are looking for great ideas that could be related but not limited to Agriculture, Education, Healthcare, Housing, and Transportation.
What is the asessment criteria
1. Vision : Problem – how big as in how many people affected by it? Solution – how unique and commercially viable 2. Proposition : How valuable to the target customers 3. Organisation : Ability to execute 4. Economics : Ability to execute 5. Milestones : Achievements to date and forecasts
What prize(s) does the winner of the LASRIC Cohort II 2020 receive?
The winner of LASRIC Cohort II will, subject to the Terms & Conditions, receive Funding of N5,000,000 (five million Naira)