Nigeria Impact Startup Relief Facility (NISRF) 2020 For post-MVP stage high-growth startups

Published: 26 Aug 2020

Ventures Platform Hb and Acumen, with support for LoftyInc Allied Partners Limited, are launching the Nigeria Impact Startup Relief Facility (NISRF) to disburse business grants to qualifying post-MVP stage, high-growth startups so they remain resilient through the COVID-19 crisis.

NISRF is designed to support grant applicants whose businesses/activities are either being adversely affected by or modified in response to COVID-19.

NISRF Post-MVP Stage High-Growth Startups Programme

Application Deadline	September 7, 2020
Country to study	Nigeria
Type	Entrepreneurs
Sponsor	Nigeria Impact Startup Relief Facility (NISRF)
Gender	Men and Women

Benefits of NISRF Post-MVP Stage High-Growth Startups Programme

1. Grant: Business equity-free funding between $5,000 to $20,000
2. Business Advisory: Get access to a pool of mentors and business experts
3. Business Continuity: Here’s your chance to continue to create impact and stay afloat.

Requirements for NISRF Post-MVP Stage High-Growth Startups Programme

In order to qualify for this funding, the following criteria have to be met:

1. Be a company operating in Nigeria
2. The company is tackling an urgent social problem
3. The company is post-MVP, revenue-generating, registered with CAC
4. Can demonstrate solid financial health prior to the onset of COVID-19 (USD $60K ARR - 12 months period minimum)
5. The company has already received seed capital
6. Can demonstrate the scale of impact, or potential for future scale
7. Fall in any of these sectors: Agriculture, Critical Infrastructure, Financial Services, Health Care, Education, and with initiatives that target the informal sector.
8. How well you have optimised resources during COVID

Application Deadline

September 7, 2020

How to Apply

Interested and qualified? Go to Nigeria Impact Startup Relief Facility (NISRF) on venturesplatform.typeform.com to apply