Innovation Prize for Africa Winner Creates the World's First Injectable Regenerating Bone Graft Substitute

Contacts
Mimi Kalinda, Weber Shandwick
Phone + +27 72 688 1250 Email mkalinda@webershandwick.com
Pauline Mujawamariya, AIF
Phone + 41 44 515 5466 Email p.mujawamariya@africaninnovation.org
Prestigious Prize Identifies Groundbreaking Innovations in Africa

ABUJA, Nigeria, 5 May 2014 – According to the National Osteoporosis Foundation of South Africa (NOFSA), osteoporosis is on the rise in Africa, especially among African women, due to urbanization and a general lack of awareness, among other factors; figure-conscious females keep an increasingly watchful eye on their weight, impacting negatively on the density of their bones and increasing their risk of contracting bone diseases. The African Innovation Foundation (AIF) has named Dr Nicolaas Duneas and Nuno Peres, from South Africa, as the winners of the Innovation Prize for Africa (IPA) 2014. The announcement was made during an Awards ceremony hosted by the African Innovation Foundation in collaboration with the Federal Government of Nigeria where Honorable Ngozi Okonjo-Iweala, Minister of Finance and Coordinating Minister delivered the Keynote speech. Dr Duneas and Mr Peres will receive USD 100,000 for the Altis Osteogenic Bone Matrix (Altis OBM TM), the first injectable porcine derived BMP medical device in the world - an innovative product for the treatment of bone injuries and voids through the use of a regenerative biological implant.

Selected from about 700 applications from 42 countries, Dr Nicolaas Duneas and Nuno Peres were recognized at the 2014 Innovation Prize for Africa Awards Ceremony in Abuja, Nigeria.  Before the Altis OBM was invented, patients with serious bone trauma or degradation would have to endure the removal of bone tissue from their own hips or from deceased donors in the hopes of undergoing successful bone crafting surgery- both very invasive methods. The injection of OBM leads to the rapid, safe and effective healing of problematic bone injuries, leading to the complete and natural restoration of the bone, including the bone marrow. OBM is the only bone graft substitute containing naturally extracted bone growth proteins that cooperate with high efficacy and are sourced from mammals, making it cost effective to produce.

The IPA 2014 also recognized two runners up for their contributions to African innovation.  In the business potential category, Logou Minsob (Togo) received USD 25,000 for his Foufou Mix, a food processor designed to replace the mortar and pestles used to prepare Foufou, a popular dish in West Africa. In the social impact category, Melesse Temesgen (Ethiopia) received USD 25 000 for developing the Aybar Broad Based Furrow Maker (BBM), a low-cost farming device that is used to easily drain excess water from waterlogged fields.

“This year’s Innovation Prize for Africa winners showcase that Africans can find solutions to African challenges,” said Jean-Claude Bastos de Morais, founder of the African Innovation Foundation and the IPA.  “We encourage partners from both the public and the private sectors to coherently work together to support African innovation.”

Winners were selected by a skilled panel of jurors based on the marketability, originality, scalability, social impact and business potential of their respective innovations.  They are provided with unrestricted funds in recognition of their achievements and are free to use the Prize to take their innovations to the next level..
“We are delighted by this recognition,” said Nuno Peres, Altis OBM Chief Executive of Business Development. “Our team has managed the development of Altis OBM over the past 10 years, from the initial idea to commercialization, with the hope that the innovation will radically change the way orthopedic surgeons treat bones injuries. Winning the IPA gets us closer to that goal.”

Founded by the African Innovation Foundation, the IPA is focused on building Africa’s capacity by investing in homegrown innovation. The Prize mobilizes leaders from all sectors – private sector, donors and government – to promote and invest in African development through innovation.   The foundation believes that the best solutions to the challenges Africans face on a daily basis can and will come from Africans themselves.
The call for applications for IPA 2015 will be announced in July 2014. For detailed information of competition categories, conditions of entry, and submission details, please visit: InnovationPrizeForAfrica.org. For highlights and more information, follow the IPA on Twitter and Facebook.

About IPA
The Innovation Prize for Africa (IPA) is an award founded by the African Innovation Foundation. It mobilizes African innovators and entrepreneurs by providing a total of USD 150 000 to winners who deliver market-oriented solutions for African-led development. The IPA honours and encourages innovative achievements that contribute toward developing new products, increasing efficiency or cost savings in Africa. The prize also encourages private equity investors, government and development leaders to invest across sectors and build a climate that fuels Africa’s economic growth.  For more information visit InnovationPrizeforAfrica.   For additional media background visit www.AfricanInnovationNews.org.

Innovation Prize for Africa 2014 Finalists Announced

Contacts
Mimi Kalinda, Weber Shandwick
Phone + +27 72 688 1250 Email mkalinda@webershandwick.com
Pauline Mujawamariya, AIF
Phone + 41 44 515 5466 Email p.mujawamariya@africaninnovation.org
From the World’s First Injectable Skeleton Regeneration Protein to a Domestic Waste Biogas System, Ten Africans Are Innovating the Future of the Continent

JOHANNESBURG, South Africa, 24 April 2013 – The African Innovation Foundation (AIF) announced the finalists of the prestigious Innovation Prize for Africa (IPA) 2014. Ten African innovators have created practical solutions to some of the continent’s most intractable problems, from a domestic waste biogas system to a wafer matrix for paediatric antiretroviral (ARV) drug treatment. Chosen from almost 700 applications from 42 countries, the finalists for the IPA 2014 represent Africans’ potential to address the challenges that are unique to the continent.

The winners of the IPA 2014 will be announced at an awards ceremony on 5 May in Abuja, Nigeria, where keynote speaker, the Honourable Minister Ngozi Okonjo-Iweala, Nigeria’s Minister of finance, will highlight the importance of innovation to unlock Africa’s potential for sustainable development and economic growth. The winner will receive USD 100 000 for the best innovation based on marketability, originality, scalability, social impact and clear business potential. A runner up will receive USD 25 000 for the best commercial potential and another winner will receive USD 25 000 as a special prize for innovation with the highest social impact. Prior to the awards ceremony, a roundtable featuring innovation experts will take place, to address the theme “A Path to Building Industrial Nation Skillsets in Africa”.

“As global leaders gather for the 2014 World Economic Forum on Africa to discuss approaches to inclusive growth and job creation, the IPA 2014 innovators demonstrate that the best way to achieve equitable economic growth for all Africans is to invest in local innovation and entrepreneurship,” said Jean-Claude Bastos de Morais, founder of the African Innovation Foundation and the IPA.

From South Africa to Niger, the IPA 2014 finalists are:

The AIF believes that the best solutions to the challenges Africans face on a daily basis can and will come from Africans themselves and innovation is the key. The IPA selection committee represents private equity investors, seed funders, venture capitalists, entrepreneurs, innovation catalysts and development leaders who are looking for ideas that move Africa forward. The call for applications for IPA 2015 will be announced in July. For detailed information of competition categories, conditions of entry, and submission details, please visit: InnovationPrizeForAfrica.org. For highlights and more information, follow the IPA on Twitter and Facebook.

About IPA
The Innovation Prize for Africa (IPA) is an award founded by the African Innovation Foundation. It mobilizes African innovators and entrepreneurs by providing a total of USD 150 000 to winners who deliver market-oriented solutions for African-led development. The IPA honours and encourages innovative achievements that contribute toward developing new products, increasing efficiency or cost savings in Africa. The prize also encourages private equity investors, government and development leaders to invest across sectors and build a climate that fuels Africa’s economic growth.  For more information visit InnovationPrizeforAfrica.   For additional media background visit www.AfricanInnovationNews.org.

Winners News Release Download Here

Contacts Date: 7 May, 2013
Deanna Petersen, Weber Shandwick
Phone + 27 79 702 8033 Email dpetersen@webershandwick.com
Pauline Mujawamariya, AIF
Phone + 41 44 515 5466 Email ipainfo@africaninnovation.org
Innovation Prize for Africa Winner Uses Flies and Waste to Make Food Prize identifies breakthroughs that exemplify Africa’s innovation and investment potential

CAPE TOWN, South Africa, 7 May 2013 – With global population expected to grow to 9 billion by 2050 and more than 900 million people living in hunger, the demand for nutritious food is rapidly increasing. Acknowledging this need and the impact of hunger in Africa, the Innovation Prize for Africa (IPA) has named the AgriProtein team as its 2013 winner. The team of researchers and entrepreneurs will receive USD 100 000 for its innovative approach to nutrient recycling – a method that uses waste and fly larvae to produce natural animal feed.

Selected from more than 900 applications from 45 countries, the AgriProtein team was recognized at the 2013 Innovation Prize for Africa Awards Ceremony and Gala Dinner in Cape Town, South Africa. The AgriProtein solution collects biodegradable waste, feeds it to flies that in turn produce larvae that are ground into protein to provide a more ecologically friendly, naturally occurring type of animal feed. This approach improves the nutritional value of meat and lowers the cost of animal feed for African processors and farmers.

The IPA 2013 Gala also recognized two runners up for their contributions to African innovation. In the business potential category, Hassine Labaied and Anis Aouini from Saphon Energy received USD 25 000 for creating a bladeless wind convertor. In the social impact category, Sanoussi Diakite received USD 25 000 for developing a thermal powered machine that husks 5 kilograms of fonio – a West African cereal – in just 8 minutes.

“The Innovation Prize for Africa winners showcase African solutions to African challenges,” said Jean-Claude Bastos de Morais, co-founder of the African Innovation Foundation and the IPA. “It is time for private sector leaders, donors and governments to work together to invest in practical solutions that will sustain Africa’s economic growth.”

Winners were selected by a skilled panel of jurors based on the marketability, originality, scalability, social impact and business potential of their respective innovations. They are provided with unrestricted funds in recognition of their achievements and are free to use the Prize in the manner they deem most appropriate.

“We are honoured by this remarkable recognition,” said Jason Drew a member of the AgriProtein team. “We are passionate about expanding our business to recycle more waste nutrients and supply a natural protein to feed farm animals - helping sustainably feed our continent - this is an African contribution to sustainable agriculture for our planet.”

Founded by the African Innovation Foundation and the United Nations Economic Commission for Africa, the IPA is focused on building Africa’s capacity by investing in local entrepreneurship. The Prize mobilizes leaders from all sectors – private sector, donors and government – to promote and invest in African development through innovation.

“The AgriProtein team’s innovation is just one example of the game-changing African ideas that will continue to harness our natural resources profitably and sustainably,” said Dr.Francois Bonnici, Director Bertha Centre for Social Innovation at the University of Cape Town’s Graduate School of Business. “The IPA invests in Africa’s greatest resource – its human capital.”

The call for applications for IPA 2014 will be announced in July 2013. For detailed information of competition categories, conditions of entry, and submission details, please visit: InnovationPrizeForAfrica.org. For highlights and more information, follow the IPA on Twitter and Facebook.

About IPA

The Innovation Prize for Africa (IPA) is an award founded by the African Innovation Foundation and the United Nations Economic Commission for Africa. It mobilizes African innovators and entrepreneurs by providing a total of USD 150 000 winners who deliver market-oriented solutions for African-led development. The IPA honours and encourages innovative achievements that contribute toward developing new products, increasing efficiency or saving cost in Africa. The prize also encourages private equity investors, government and development leaders to invest across sectors and build a climate that fuels Africa’s economic growth. For more information visit www.innovationprizeforafrica.org.

Finalist News Release Download Here

Contacts Date: 24 April, 2013
Deanna Petersen, Weber Shandwick
Phone + 27 79 702 8033 Email dpetersen@webershandwick.com
Pauline Mujawamariya, AIF
Phone + 41 44 515 5466 Email ipainfo@africaninnovation.org
Innovation Prize for Africa Announces 2013 Finalists Experts from across Africa develop market-oriented solutions to address sanitation, malaria, energy and other challenges while driving economic growth on the continent

CAPE TOWN, South Africa, 24 April 2013 – Ten African innovators have developed practical solutions to some of the continent’s most intractable problems. Chosen from more than 900 applications from 45 countries, the finalists for the Innovation Prize for Africa (IPA) 2013 provide practical examples of Africa’s investment potential.

The winners of the IPA 2013 will be announced at a gala dinner on 7 May in Cape Town, South Africa hosted by the University of Cape Town’s Graduate School of Business and the Sekunjalo Development Foundation. The winner will receive USD 100 000 for the best innovation based on marketability, originality, scalability, social impact and clear business potential. A runner up will receive USD 25 000 for the best commercial potential and another winner will receive USD 25 000 as a special prize for social innovation.

“As global leaders gather for the World Economic Forum on Africa to discuss approaches to deliver on Africa’s promise, these innovators demonstrate that the best way to build Africa’s capacity is to invest in local innovation and entrepreneurship,” said Jean-Claude Bastos de Morais, a co-founder of the African Innovation Foundation and the IPA.

From Tunisa to South Africa, the IPA 2013 finalists are leaders in the areas of agriculture, environment, health, ICT and manufacturing. They include:

"We see a strong trend emerging of innovations that have significant social impact for Africa," said Dr.Francois Bonnici, Director Bertha Centre for Social Innovation at the University of Cape Town’s Graduate School of Business.

The prize encourages Africans to develop creative ways to overcome everyday challenges. The IPA selection committee represents private equity investors, seed funders, venture capitalists, entrepreneurs and development leaders who are looking for ideas that move Africa forward. The call for applications for IPA 2014 will be announced in July 2013. For detailed information of competition categories, conditions of entry, and submission details, please visit: InnovationPrizeForAfrica.org. For highlights and more information, follow the IPA on Twitter and Facebook.

About IPA

The Innovation Prize for Africa (IPA) is an award founded by the African Innovation Foundation and the United Nations Economic Commission for Africa. It mobilizes African innovators and entrepreneurs by providing a total of USD 150 000 to winners who deliver market-oriented solutions for African-led development. The IPA honours and encourages innovative achievements that contribute toward developing new products, increasing efficiency or cost savings in Africa. The prize also encourages private equity investors, government and development leaders to invest across sectors and build a climate that fuels Africa’s economic growth. For more information visit www.InnovationPrizeforAfrica.org. For additional media background visit www.AfricanInnovationNews.org.

MEDIA ADVISORYDownload Here

Can African Innovation Fuel Job Creation & Economic Growth? Expert forum highlights innovators creating African solutions to African challenges What:

As the World Economic Forum on Africa approaches and global leaders gather to discuss the theme “delivering on Africa’s promise,” the African Innovation Foundation and United Nations Economic Commission for Africa (UNECA) are hosting a roundtable to discuss the economic potential of African innovation.

During the roundtable, top African executives, thought leaders and innovators will discuss practical ways to drive growth through creating innovation hubs, linking sectors and exploring manufacturing as a way to address current jobless growth.

When:

Tuesday, May, 7, 2013 from 8 a.m. – 11:15 a.m.

Where:

University of Cape Town, Graduate School of Business

8 Portswood Road at the V&A Waterfront, Cape Town

Boardroom 1

Who: Why:

This discussion precedes the announcement of the 2013 Innovation Prize for Africa (IPA) at an evening awards gala on 7 May, 2013. The IPA provides a total of USD 150 000 to winners who deliver market-oriented solutions that promote African sustainable development.

Media Contacts
Deanna Petersen, Weber Shandwick
Phone + 27 79 702 8033 Email dpetersen@webershandwick.com
Pauline Mujawamariya, AIF
Phone + 41 44 515 5466 Email ipainfo@africaninnovation.org
About IPA

The Innovation Prize for Africa (IPA) is an award founded by the African Innovation Foundation and the United Nations Economic Commission for Africa. It mobilizes African innovators and entrepreneurs by providing a total of USD 150 000 to winners who deliver market-oriented solutions for African-led development. The IPA honours and encourages innovative achievements that contribute toward developing new products, increasing efficiency or cost savings in Africa. The prize also encourages private equity investors, government and development leaders to invest across sectors and build a climate that fuels Africa’s economic growth. For more information visit www.InnovationPrizeforAfrica.org.

Additional Media Information

Available at www.AfricanInnovationNews.org.