UNDP Nigeria Inclusive Insurance Innovation Challenge for Nigerian Startups and Innovators 2025

📖 About the Challenge

UNDP Nigeria and FSD Africa are collaborating to launch the Inclusive Insurance Innovation Challenge, aimed at accelerating the development of insurance solutions that address the unique needs of financially underserved populations in Nigeria.

UNDP Nigeria brings deep-rooted expertise in:

• Sustainable development
• Policy advocacy
• Inclusive growth

Their strong mandate focuses on strengthening resilience among vulnerable communities.

📅 Opportunity Details

• Date Published: October 23, 2025
• Application Deadline: October 30, 2025
• Category: Entrepreneurs, Grants
• Eligible Locations: Nigeria

🎁 Benefits

• Cash Prize: 3 winning proposals will receive N30m each.
• Technical Assistance: Winners will receive intensive technical support to refine, test, license, and bring their product to market.
• Bootcamp: All shortlisted innovators will be invited to a Bootcamp to sharpen their:
  • Product design
  • Business model
  • Financials
  • Regulatory readiness

✅ Eligibility Criteria

Innovators, startups, insurtechs, fintechs, insurance companies, or community-based organizations must meet the following requirements:

• A product/service/idea that serves underserved populations (low-income, rural/peri-urban, women, small farmers, small businesses).
• A business model that is commercially viable or has a clear path to viability.
• Capacity or a plan to integrate gender and inclusion into the product (women, persons with disabilities, marginalized groups).
• Willingness to partner with insurers, regulators, or other stakeholders in the insurance sector for practical rollout.
• Duly registered status with CAC and tax compliance under Nigerian law.

🗓 Application Date and Process

• Application Deadline: October 30, 2025
• Interested candidates can apply via the official application portal:
  Apply for UNDP Nigeria Inclusive Insurance Innovation Challenge

🔗 Additional Information

For more details, visit:
UNDP Nigeria Inclusive Insurance Innovation Challenge Official Page

• 3 winning proposals will receive a cash prize of N30m each and intensive technical assistance to refine, test, license, and bring your product to market.
• All shortlisted innovators will be invited to a Bootcamp to sharpen their product design, business model, financials, and regulatory readiness.