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1 What is Nigeria Future Tech Excellence Awards?

The Nigeria Future Tech Excellence Awards serve as a yearly lighthouse highlighting the remarkable efforts of Nigerian professionals, corporate leaders, educators, entrepreneurs, and policymakers in the field of technology.

The Future Tech Excellence Award celebrates and promotes exceptional achievements in technology innovation. The prize’s goal is to catalyze advancements that redefine the technological landscape by recognizing and rewarding innovative efforts across multiple technology domains. The prize’s objectives revolve around a number of key goals:

1. Driving Innovation for Transformative Solutions:

We highlight and celebrate technological advancements that have the potential to redefine industries, solve pressing challenges, and positively impact lives. Our awards inspire the creation of forward-thinking solutions across diverse fields of technology.

2. Amplifying Global and Local Visibility:

Our platform raises awareness of Nigeria’s tech achievements, showcasing the ingenuity and talent of its innovators on both local and international stages. We aim to shine a spotlight on the nation’s contributions to the global tech ecosystem.

3. Celebrating Excellence Across Key Sectors:

From ‘Innovator of the Year’ to ‘Tech Icon,’ our award categories are designed to acknowledge achievements in leadership, impact, and technological advancement across various sectors, encouraging excellence at every level.

4. Encouraging Ethical and Socially Impactful Technology:

By recognizing initiatives such as ‘Tech for Good,’ we emphasize the importance of creating technology that addresses global challenges and promotes positive societal change, driving ethical innovation.

5. Supporting Emerging Technologies and Disruption:

Through categories like ‘Emerging Solutions,’ we highlight trailblazing technologies such as AI, blockchain, and fintech innovations. We aim to encourage growth in disruptive fields while promoting solutions for effective governance and compliance.

6. Fostering Collaboration and Community Growth:

The awards bring together Nigeria’s vibrant tech community, providing a platform for collaboration, shared learning, and collective growth. Our goal is to nurture a thriving ecosystem that supports innovation at every stage.

7. Inspiring the Future of Tech:

We celebrate outstanding achievements to spark curiosity and drive in future technologists, entrepreneurs, and industry leaders. By showcasing success stories, we aim to ignite a culture of continuous innovation and forward-thinking leadership.

Winners of the Future Tech Excellence Award are recognized not only for their innovative achievements but also for their ability to influence the technology industry. The prizes for the winners are designed to provide both recognition and significant support in furthering their ventures. Here’s what winners should expect:

  1. Award and Certificates: Winners will receive a trophy and a certificate to commemorate their success. These awards serve as a mark of excellence and distinguish recipients as leaders in technological innovation.
  2. Promotional Exposure: Winners will have the opportunity to show their innovations through various media channels. This includes features on the Future Tech Excellence Award website, press releases, and interviews that highlight their achievements and potential impact on the industry.
  3. Exclusive Networking Opportunities: Access to exclusive events and webinars where they can connect with industry leaders, potential investors, and fellow innovators. This networking extends to private forums and discussion groups dedicated to winners of the prize.
  4. Professional Development: Opportunities for professional growth through workshops, seminars, and training sessions designed to enhance business skills and technical knowledge. Winners also gain access to mentorship programs with industry experts.
  5. Market Access Support: Assistance in entering new markets and scaling their operations. This includes introductions to potential partners and customers, as well as support navigating regulatory and market entry challenges.
  6. Access to Investment Opportunities: Facilitation of meetings and interactions with venture capitalists and angel investors who are keen to invest in promising technologies. This can significantly accelerate the growth and expansion of winning solutions.
  7. Usage Rights of the Future Tech Excellence Award Logo: Winners are entitled to use the Future Tech Excellence Award logo in their marketing and promotional activities, enhancing their brand’s credibility and visibility.
  8. Extended Resource Access: Depending on the specific category and needs of the winners, additional resources such as co-working space access, cloud services, or specialized software licenses may be provided to support ongoing development and deployment of their technology solutions.
  9. Feature in Annual Prize: Winners will be featured in an annual Prize that highlights the year’s most innovative technologies and success stories. This publication is distributed widely across the industry, offering further recognition and exposure.
  10. Long-Term Partnership Opportunities: The chance to collaborate on future projects with sponsors and partners of the Future Tech Excellence Award, opening doors to strategic alliances that can lead to sustainable business growth.

To uphold the prestige and integrity of the Future Tech Excellence Award, all participants must adhere to a comprehensive set of eligibility requirements. These criteria are designed to ensure a fair and competitive selection process while maintaining the highest standards.

The following requirements must be met by all entrants:

  1. Nigerian Affiliation: Applicants must be Nigerian citizens, organizations, or entities with operational roots in Nigeria, actively contributing to the nation’s tech ecosystem.
  2. Operational Track Record: Entrants must demonstrate a minimum of one year of activity in the tech industry, showcasing proven contributions, consistency, and relevance within the sector.
  3. Entry Limitations: Participants may submit entries for up to three award categories. However, previous winners are ineligible to re-enter the same category unless there have been substantial updates or advancements to their previous submission.
  4. Detailed Submission Materials: All entries must include comprehensive documentation, such as product demos, client testimonials, or case studies, to support their application. Submissions should clearly outline their impact, relevance, and innovation.
  5. English Language Requirement: All application materials must be presented in English to ensure clarity and accessibility for the judging panel.
  6. Ethical Compliance: Participants must ensure their submissions align with all relevant local, national, and international laws, including those related to intellectual property, data privacy, and industry regulations.
  7. Conflict of Interest: To maintain impartiality, individuals or entities directly affiliated with judges, sponsors, or organizers are not eligible to participate.
  8. Innovation Ownership: Submissions must represent original work predominantly developed by the applying entity. If external collaborations contributed to the innovation, these must be transparently acknowledged.

These requirements ensure that the Future Tech Excellence Award continues to recognize and celebrate outstanding achievements in the tech industry with fairness and credibility.

The Future Tech Excellence Award employs a comprehensive set of criteria to evaluate submissions, ensuring that the most innovative and impactful technologies are recognized.

Each entry is assessed based on the following parameters:

1. Technical Excellence (20%)

    • Complexity: Assesses the technological sophistication involved in developing the solution.
    • Scalability: Evaluates the potential for the technology to expand and adapt to broader applications.

2. Impact and Effectiveness (20%)

    • Industry Impact: Measures the extent to which the technology influences its respective industry.
    • Societal Impact: For categories like Tech for Good/Humanitarian, examines the tangible benefits addressing societal challenges such as health, education, or environmental protection.
    • Effectiveness: Evaluates how well the technology achieves its intended purpose and resolves targeted problems.

3. Innovation and Creativity (20%)

    • Originality: Determines the uniqueness of the technology or solution compared to existing offerings.
    • Creativity: Assesses how inventively challenges or needs are addressed, including the use of novel technologies or unique combinations of existing ones.

4. Market Potential (15%)

    • Commercial Viability: Evaluates market demand, revenue potential, and the technology’s ability to meet customer needs.
    • Competitive Advantage: Examines the distinct benefits over existing market solutions, such as improved efficiency, cost-effectiveness, or advanced features.

5. Usability and Design (10%)

    • User Experience: Assesses ease of use, accessibility, and interface design.
    • Aesthetic Design: Particularly for product innovations, evaluates the visual appeal and functional design.

6. Sustainability and Ethical Considerations (10%)

    • Environmental Impact: Looks at resource efficiency and sustainability aspects of the technology.
    • Ethical Standards: Assesses adherence to ethical practices, including data security, privacy, and fairness.

7. Presentation (5%)

    • Clarity and Professionalism: Measures how effectively the technology and its benefits are communicated.
    • Supporting Documentation: Considers the quality of materials like technical specifications, user manuals, and business cases.

To maintain the Future Tech Excellence Awards’ integrity, fairness, and excellence, all participants must follow the rules and regulations outlined below. These guidelines have been designed to ensure a smooth and equitable process for everyone involved:

  1. Compliance and Integrity:
    • Integrity of Entries: All information provided in the application must be truthful, accurate, and complete. Any form of misrepresentation, plagiarism, or intellectual property infringement will result in immediate disqualification and potential legal action.
    • Confidentiality Agreement: Participants may be required to enter into a confidentiality agreement to protect the proprietary information and trade secrets of all entries. Judges and organizers are also bound by confidentiality to ensure that all submissions are protected.
    • Prohibition of Bribery and Corruption: Offering any type of incentive to judges, organizers, or any other party involved with the administration of the prize is strictly prohibited and will result in immediate disqualification and potential legal ramifications.
    • Compliance with Laws: Participants must ensure that their entries and their conduct comply with all applicable laws, regulations, and ordinances, both locally and internationally.
  1. Judging and Decisions:
    • Judging Decisions Are Final: Decisions made by the judging panel are final and binding. There will be no appeals or reviews of the judging decisions. Participants must accept these terms upon entry.
    • No Unsolicited Materials: Unsolicited materials sent to judges or organizing members will not influence the competition’s outcome and may result in disqualification.
    • No Conflict of Interest: Participants must disclose any relationships that could be viewed as a potential conflict of interest with the judging panel or prize organizers. Failure to disclose such information may lead to disqualification.
  1. Participant Responsibilities:
    • Adherence to Timelines: All entries must be submitted by the deadlines specified in the application materials. Late submissions will not be considered, and there are no exceptions to this rule.
    • Publicity Rights: By entering the competition, participants grant the organizers unrestricted rights to use their names, photographs, and entries for publicity purposes without compensation.
    • Responsibility for Costs: Participants are responsible for all costs associated with their participation in the competition, including submissions, presentation materials, and any associated travel if required.
    • Withdrawal and Disqualification: Participants may withdraw from the competition at any time. However, organizers also reserve the right to disqualify entries that fail to adhere to the competition’s rules and standards without notice.
  1. Amendments and Updates:
    • Amendments to Rules: The organizers reserve the right to amend these rules at any time. If an amendment occurs, participants will be informed through the appropriate channels.

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Participants can apply for more than one award category with different entries. https://www.fteaward.ng/entry-rules/

Visit Our Sponsors page for list of our sponsors https://www.fteaward.ng/#sponsors

Submission Deadline: All entries must be received by 31/04/2024.

The Nigeria Future Tech Excellence Awards serve as a yearly lighthouse highlighting the remarkable efforts of Nigerian professionals, corporate leaders, educators, entrepreneurs, and policymakers in the field of technology.

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