12 TOP BUSINESS GRANT OPPORTUNITIES AND BUSINESS FUNDING LOANS FOR SMALL BUSINESSES IN NIGERIA 2018
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- Tony Elumelu Foundation:
The Tony Elumelu Foundation Entrepreneurship Programme is a programme based on the desire to empower a generation of successful for-profit entrepreneurs who drive Africa’s economic and social transformation. It seeks to “institutionalise luck” and create an environment where entrepreneurship can flourish in a sustained manner. The programme selects 1000 entrepreneurs across Africa from over 50,000 applicants.
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Launched in 2015, The Tony Elumelu Foundation Entrepreneurship Programme is the largest African philanthropic initiative devoted to entrepreneurship and represents our 10-year, $100 million commitment, to identify and empower 10,000 African entrepreneurs, create a million jobs, and add $10 billion in revenues to Africa’s economy.
12 TOP BUSINESS GRANT OPPORTUNITIES AND BUSINESS FUNDING LOANS FOR SMALL BUSINESSES IN NIGERIA 2018
The Tony Elumelu Foundation is the philanthropic arm of Heirs Holdings, an African investment firm.
We are funded by an annual grant from Heirs Holdings and supported by the group’s investee companies. In turn, we provide support to the philanthropic activities of the Heirs Holdings Group.
In the last five years, we have spent over N2 billion toward our mission, which includes supporting the philanthropic goals of other institutions and foundations working in and for Africa. These are some of the individuals and organisations we have
proudly sponsored over the years.
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The entrepreneurs are also entitled to second round of funding, structured as loan or equity of $5,ooo.
To be eligible:
- Business must be based in Africa
- Business must be for profit
- Business must be 0-3 years’ old
- Applicants must be at least 18 and a legal resident or citizen of an African country.
- All Applications must be submitted ONLINE through the APPLICATION PORTAL. You must complete an application form by answering a series of mandatory questions and uploading additional documents and identification materials. After submission, you will receive a confirmation email of receipt within 1 working day.
20 Steps to Prepare, Apply and Win the 2019 Tony Elumelu Foundation $5000 Grant and Other Grants in Africa.
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- YouWin! Connect:
YouWin Connect provides a forum for young entrepreneurs to nurture their ideas and network with industry experts. They educate young Nigerian entrepreneurs so as to spur business growth and enhance job creation thereby, promoting a viable career option for youths. For you to apply, you must be between 18-40 years, a Nigerian, your business located in Nigeria, must have graduated from a higher institution and must not be a civil servant.
12 TOP BUSINESS GRANT OPPORTUNITIES AND BUSINESS FUNDING LOANS FOR SMALL BUSINESSES IN NIGERIA 2018
YouWin connect has a yearly capacity building of 55,000 budding young entrepreneurs. They nurture ideas and innovation from young entrepreneurial participants from universities, polytechnics, technical colleges and other post-secondary institutions in Nigeria. Their target growth is in the Agriculture/Agro-processing, Construction, Fashion, Manufacturing and Retail sectors. YouWIn Connect aim to enable young entrepreneurs have access to wide business professional network and improve their visibility.
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To be eligible:
- Applicants must be a graduate from a higher institution
- Applicants must be between the ages of 18 and 40.
- Applicants must be Nigerians and resident in Nigeria
- Applicants must not be an employee of the Nigerian Civil Service
- Applicants must be willing to attend all training and mentoring exercises organized by the programme.
- Previous YouWin awardees are not eligible
- Bank of Industry (BOI): The Bank of Industry Limited (BOI) is Nigeria’s oldest, largest and most successful development financing institution. It was reconstructed in 2001 out of the Nigerian Industrial Development Bank (NIDB) Limited, which was incorporated in 1964. The bank took off in 1964 with an authorized share capital of 2 million (GBP).
The bank’s emphasis is on prudent project selection and management; accordingly, it supports quality projects with potential developmental impact. It also proffers solution to long standing challenges in Nigeria’s business sector through the empowerment of aspiring entrepreneurs who are supported, trained, educated and funded thereby creating employment. National Youth Corpers are also given opportunities to submit business plans which when viewed to be viable, attract an invitation of the owner of the business pan to the five days intensive business management training and loans made available afterwards.
The Youth Entrepreneurship Support (YES) Programme is BOI’s effort at addressing the worrisome phenomenon of youth unemployment in Nigeria by building the capacity of the youths and funding their business ideas.
12 TOP BUSINESS GRANT OPPORTUNITIES AND BUSINESS FUNDING LOANS FOR SMALL BUSINESSES IN NIGERIA 2018
The YES programme is aimed at equipping young people with the requisite skills and knowledge to be self-employed by starting and managing their own businesses. The YES Programme comprises of;
- Eight (8) weeks intensive online Entrepreneurship and Business Management training which has the ability to test participants’ understanding and track their progress.
- Five (5) days in-class Entrepreneurship and Business Management training.
- Technical skills training in partnership with the various technical training and vocational institutes in the country.
- Financing the businesses by BOI under its SME Cluster initiative in consonance with the United Nations Economic Commission for Africa’s Commodity-based Industrialisation Strategy.
The following industrial sub-sectors are also accorded priority in the project selection:
- Agro-industries, textile and leather
- Polymer –based industries
- Solid minerals
- Foundries
- Information communication technology (ICT) services
- Lagos State Entrepreneurs Trust Fund (LSETF): The Lagos State Employment Trust Fund (“LSETF” or “the Fund”), was established by The Lagos State Employment Trust Fund Law 2016 to provide financial support to residents of Lagos State, for job, wealth creation and to tackle unemployment. LSETF serves as an instrument to inspire the creative and innovative energies of all Lagos residents and reduce unemployment across the State.
12 TOP BUSINESS GRANT OPPORTUNITIES AND BUSINESS FUNDING LOANS FOR SMALL BUSINESSES IN NIGERIA 2018
The Fund has the mandate to directly invest ₦25Billion in helping Lagos residents grow and scale their Micro Small and Medium Enterprises (“MSMEs”) or acquire skills to get better jobs. The project targets unemployed and under employed youths with or without skills and aged 18 to 35 years. The sectors targeted are Construction, Health care, Hospitality and tourism, Entertainment, Manufacturing and Garment Making.
- Africa’s Young Entrepreneurs (A.Y.E): Africa’s Young Entrepreneurs (A.Y.E) is committed to empowering young entrepreneurs across Africa by creating platforms that facilitate intra-trade on the continent. They are dedicated to developing the next generation of outstanding African entrepreneurs, who will shape the economies and political landscapes of their home countries. Their business network is also committed to social entrepreneurship, by people who are passionate about addressing a range of social and environmental challenges, and by people inspired by our vision. A.Y.E brings learning, resources and business acumen to developing young entrepreneurs. The organization has many programs used to achieve their set target. The programs include:
- Africa’s Young Entrepreneurs Empowerment Nigeria (AYEEN)
- Y.E Reality TV
- Y.E Web Business Campaign (WBC)
- My Mentor & Me
- Africa’s Young Entrepreneurs Empowerment program (AYEEP)
- Africa’s Young Entrepreneurs Student Association (AYESA)
- Empower Borno Project
- Harvest Africa
- Y.E App
- Diamond Bank BET Programme:
The Building Entrepreneurs Today (BET) is a programme designed to support budding entrepreneurs. Every year, 50 entrepreneurs are selected from the pool of the numerous applications received and these entrepreneurs undergo a six (6) months intensive entrepreneurial/business training.
12 TOP BUSINESS GRANT OPPORTUNITIES AND BUSINESS FUNDING LOANS FOR SMALL BUSINESSES IN NIGERIA 2018
At the end of the training period, the Top Five (5) Entrepreneurs are awarded financial grants as seed capital for taking their business to the next level.
The BET Program has witnessed 6 editions with over 25 winners and over 150 business supports. The sixth edition of the program awarded Three Million Naira (N3,000,000) grants to the top 5 finalists to take their businesses to the next level.
BUILDING ENTREPRENEURS TODAY (BET)
The Building Entrepreneurs Today (BET) is a capacity building and business education initiative aimed at generating interest in entrepreneurship and designed to support budding entrepreneurs of all ages.
Since its inception in 2010, The BET programme in partnership with the Enterprise Development Centre (EDC) has trained thousands of entrepreneurs, contributing immensely to the pool of skilled Micro, Small and Medium enterprise owners in Nigeria and ultimately, encouraging wealth creation across the populace.
The Building Entrepreneurs Today programme involves a six-month intensive entrepreneurial/business training of 50 budding Entrepreneurs every season from select sectors of the economy. After going through a selection phase from a pool of numerous applications received. The top five Entrepreneurs at the end of each season are awarded financial grants of N3,000,000 each as seed capital to take their business to the next level.
BUILDING ENTREPRENEURS TODAY (BET) The Building Entrepreneurs Today (BET) is a capacity building and business education initiative aimed at generating interest in entrepreneurship and designed to support budding entrepreneurs of all ages. Since its inception in 2010, The BET programme in partnership with the Enterprise Development Centre (EDC) has trained thousands of entrepreneurs, contributing immensely to the pool of skilled Micro, Small and Medium enterprise owners in Nigeria and ultimately, encouraging wealth creation across the populace. The Building Entrepreneurs Today programme involves a six-month intensive entrepreneurial/business training of 50 budding Entrepreneurs every season from select sectors of the economy. After going through a selection phase from a pool of numerous applications received. The top five Entrepreneurs at the end of each season are awarded financial grants of N3,000,000 each as seed capital to take their business to the next level. Giving support to over 150 businesses and awarding grants to over 20 entrepreneurs, The BET has positioned itself as a forerunner in the MSME led initiative in Nigeria gaining both local and international recognition. Now in its 7th Season, this edition of BET with the theme ‘Innovation and Social Impact’ has opened its doors to all entrepreneurs in all sectors. Calling all who have innovative ideas and are ready to make positive social impact to apply and get on the programme.
Giving support to over 150 businesses and awarding grants to over 20 entrepreneurs, The BET has positioned itself as a forerunner in the MSME led initiative in Nigeria gaining both local and international recognition.
Now in its 7th Season, this edition of BET with the theme ‘Innovation and Social Impact’ has opened its doors to all entrepreneurs in all sectors. Calling all who have innovative ideas and are ready to make positive social impact to apply and get on the programme.
- GroFin Fund
GroFin, a development financier, has committed over $500 million to funding Nigerian micro, small and medium business (MSMEs) across the country.
The firm has five different types of fund: the Aspire Nigeria Fund, the Growth Africa Fund, the Small Growing Business Fund, the Aspire Small Business Fund and the Aspire Growth Fund.
About GroFin – Business Financier
GroFin is a pioneering development financier specialising in financing and supporting small and growing businesses (SGBs) across Africa and the Middle East. We combine medium term loans and specialised business support to grow emerging market enterprises. By generating employment, strengthening value chains and building markets, our investments bring about inclusive growth and improved living conditions in low and middle-income countries.
We were formally set up in 2004 but grew out of the RAPS group of companies that have been investing in SMEs since 1999. From the outset, we focused on providing finance to help small and growing businesses to develop, but also provide integrated business support to underserved entrepreneurs who find it difficult to get the support they need.
Our approach is to achieve verifiable socioeconomic impact based on real outcomes, such as creating jobs, providing support and finance and using our in-depth knowledge of the challenges faced by these types of businesses. By applying disciplined commercial principles, we have proven that our approach provides a sustainable solution as we have helped sustain over 95,125 jobs within the 15 countries in Africa and the Middle East in which we operate.
We believe in a ‘support beyond finance’ approach where we use our wealth of business knowledge and strategic finance to help our clients achieve their visions.
We make strategic investments and form partnerships that encourage growth and improve living conditions in low- and middle-income countries.
We manage ten funds and programs on behalf of more than 30 international development finance institutions, development organisations, foundations, large companies and private funders with committed funding of more than US$ 500M. We have 16 offices in 15 countries across Africa and the Middle East, employing more than 150 employees.
The Aspire Nigeria Fund, the Growth Africa Fund and the Small Growing Business Fund cater for all parts of Nigeria except the Niger Delta.
The Aspire Small Business Fund provides a minimum of $100,000 and a maximum of $1.5 million to SMEs in Nigeria.
The Aspire Small Business Fund and the Aspire Growth Fund cater for the Niger Delta.
12 TOP BUSINESS GRANT OPPORTUNITIES AND BUSINESS FUNDING LOANS FOR SMALL BUSINESSES IN NIGERIA 2018
GroFin aim to be the leading financial services institution for entrepreneurs of successful small and growing businesses. We are an organisation with a stellar reputation and a significant portfolio, with a proven track record for best-in-sector performance. We are the organisation that businesses want to do business with and clients refer to other clients.
We are supported by substantial funds from a consortium of international development finance institutions, development organisations, foundations, large companies, and private funders with committed funding of more than US$ 500 M.
In short, we have the funds, the reach and the experience to help you grow or start your business.
The Aspire Small Business Fund provides between $10,000 and $100,000 to small business owners in the oil-rich region, while the Aspire Growth Fund frees between $100,000 and $3 million to businesses to stimulate growth in the area. GroFin provides its funds mostly for a maximum of six years.
- Shell LiveWire
The Shell Petroleum Development Company of Nigeria Limited has a number of funds for young entrepreneurs, including women.
Through the programme , Shell provides support, access to training, guidance, and business mentorship to young entrepreneurs and potential entrepreneurs between the ages of 18 and 35.
12 TOP BUSINESS GRANT OPPORTUNITIES AND BUSINESS FUNDING LOANS FOR SMALL BUSINESSES IN NIGERIA 2018
The programme operates mainly in the Niger Delta region and aims to inspire, encourage and support young people to start up their own businesses through the provision of finance and training for young entrepreneurs, according to Shell.
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- Kick Start
The KickStart program is a competition for budding entrepreneurs and innovators aged between 18 and 35 providing them with business-skills training, development support, mentorship and chance to come away with grant fund. The ultimate goal of the programme is to help build a young prosperous society by creating a culture of entrepreneurship among the youths, thereby reducing youth unemployment for indigenes in the South West. The KickStart program is one major initiative that would turn around the lives of youths in the area and improve the economic prosperity of the South Western Region.
Season 2 saw the emergence of 24 lucky finalists who got grants to kickStart their businesses from the tune of N500,000 to N1,800,000. These business cut across some notable economic providers like Agriculture, Food production, Fashion and Design, Arts and Entertainment, Education and much more.
International Breweries PLC Foundation is calling on local indigenous entrepreneurs solving social problems facing the South Western region of Nigeria to apply for its KickStart Program.
12 TOP BUSINESS GRANT OPPORTUNITIES AND BUSINESS FUNDING LOANS FOR SMALL BUSINESSES IN NIGERIA 2018
The programme run by IB PLC Foundation with the ultimate goal of building a young prosperous society by creating a culture of entrepreneurship among the youths, thereby reducing youth unemployment in the South West. The KickStart programme is one major initiative that would turn around the lives of youths in the area and improve the economic prosperity of the South West.
Season 2 saw the emergence of 24 lucky finalists who got grants to kickStart their businesses from the tune of N500,000 to N1,800,000. These business cut across some notable economic providers like Agriculture, Food production, Fashion and Design, Arts and Entertainment, Education and much more.
Season 3.0 is here, and promises to be bigger than any of the previous seasons of the program.
ELIGIBILITY
- The competition is open ONLY to South Westerners of 18 to 35 years who live or have their business within the South Western region.
- Applicants must be at least 18 and at most 35 years with valid identification (e.g National I.D; Drivers Licence; International Passport; Voters Registration, etc.) as at the last day of the application period.
- He or she must be willing to operate the business on a full-time basis.
- Have an innovative business idea in need of a start-up capital.
- Or already have an existing small businesses needing capital to expand operations.
- Energetic and entrepreneurial in approach.
- Must be able to read and write.
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- GEM
The Growth and Employment project is implemented by the Federal Ministry of Industry, Trade and Investment (FMITI) and supported by the World Bank.
The project became effective in July 2013, and will close in September 2018.
The project focuses on manufacturing and service sectors, specifically supporting Information Communication Technology, entertainment, tourism and hospitality, light manufacturing (and agro-processing industries) and construction.
12 TOP BUSINESS GRANT OPPORTUNITIES AND BUSINESS FUNDING LOANS FOR SMALL BUSINESSES IN NIGERIA 2018
The Business Innovation and Growth (BIG) platform is an interactive transaction-enabled web portal, which serves as the primary means of interaction between the GEM project and potential beneficiaries.
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Check your eligibility to access BIG.
STEP 1
Log into BIG Portal
Click Here to log into BIG Portal.
STEP 2
Check your eligibility
Ensure that your business satisfy all the BIG eligibility criteria
To be eligible, you need to…
Be a Nigerian 18 years and older
Operate a firm in Nigeria
Operate in one of the five GEM supported clusters
Employee less than 100 employees
Apply Online
STEP 3
Apply online and receive an automatic response
The response will be an email. This email will provide you with a username and password for you to sign-up and register your business
STEP 4
Web-based Questionnaire
Sign-in with your username and password to provide required information in the registration form. This will take less than 10 minutes of your time.
12 TOP BUSINESS GRANT OPPORTUNITIES AND BUSINESS FUNDING LOANS FOR SMALL BUSINESSES IN NIGERIA 2018
STEP 5
Successful applicants notified
Your application will be evaluated by the project team. All successfully registered businesses will be invited to attend an induction workshop within your location.
STEP 6
Attend Induction Workshop
The BIG team will:
Provide an overview of the programme;
Conduct verification of Identity;
Undertake needs assessment of businesses;
Provide an overview of the BIG Services
STEP 7
Access BIG Services
Successful applicants will have access to a wide range of BIG Services including; Consulting, Training and Grants
- Leventis Foundation Agricultural Training Programme
The Leventis Foundation (Nigeria) is a charitable company dedicated to the training of farmers in modern and sustainable agricultural practices and rational use of natural resources.
The Foundation has been running agricultural training for youths and farmers since 1987 and currently has six schools in the different agro-ecological zones in Nigeria. The schools are located in the FCT, Osun, Kaduna, Kano and Gombe States are co-financed by Leventis Foundation and the respective State Governments. All the schools offer training to young people (male and female) desirous of making a good career in farming. The comprehensive one-year training exposes the participants to several areas of agriculture and other farm businesses.
12 TOP BUSINESS GRANT OPPORTUNITIES AND BUSINESS FUNDING LOANS FOR SMALL BUSINESSES IN NIGERIA 2018
The objective of the training, which is FREE OF ALL COSTS, is to create in Nigeria, generations of committed young practical farmers who will act as catalysts for agricultural revolution in their communities.
Admission is open to both male and female candidates. Tuition and boarding (including feeding) is provided free of charge for successful candidates throughout the duration of the course.
Admission Requirement
Applicants should fulfill the following conditions among others;
(a) Be physically fit
(b) Ability to read and write in English (evidence of minimum of junior secondary school may be required)
(c) Age between 18 and 40 years.
(d) Pass both written and oral test prior to final selection
(e) Should demonstrate perceivable interest in agriculture
(f) Proof of farming background is an advantage.
Method of Application
Application in applicant’s own hand writing including concrete information in respect of each of the above requirements together with a letter signed by the Chairman or Secretary of the candidate’s Local Government of Origin, or an attestation letter from a Justice of Peace (JP), two (2) recent passport size photographs, three (3) references and photocopies of academic qualification(s) or relevant documents should be forwarded to any of the addresses below, preferably, to the school of choice.
(1) Leventis Foundation/ Osun State
Agricultural Training School
Imo, P.M.B. 5074 Ilesa
Osun State
Read also:
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The Mandela Washington Fellowship for Young African Leaders, empowers young people through academic coursework, leadership training, and networking. The Fellowship provides 1,000 outstanding young leaders from Sub-Saharan Africa with the opportunity to hone their skills at a U.S. higher education institution with support for professional development after they return home.
12 TOP BUSINESS GRANT OPPORTUNITIES AND BUSINESS FUNDING LOANS FOR SMALL BUSINESSES IN NIGERIA 2018
The Mandela Washington Fellowship is conducted as a merit-based open competition. After the deadline, all eligible applications will be reviewed by a selection panel. Chosen semifinalists will be interviewed by the U.S. embassies or consulates in their home countries. If selected for an interview, applicants must provide a copy of their passport (if available) or other government-issued photo identification to verify eligibility.
Applicants will not be discriminated against on the basis of race, color, gender, religion, socio-economic status, disability, sexual orientation, or gender identity. The Mandela Washington Fellowship is open to young African leaders who meet the following criteria:
- Are between the ages of 25 and 35 at the time of application submission, although exceptional applicants younger than 25 will be considered.
- Are not U.S. citizens or permanent residents of the U.S.
- Are eligible to receive a United States J-1 visa.
- Are proficient in reading, writing, and speaking English.
- Are citizens and residents of one of the following countries: Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cabo Verde, Central African Republic, Chad, Comoros, Democratic Republic of the Congo (DRC), Republic of the Congo, Cote d’Ivoire, Djibouti, Equatorial Guinea, Eritrea, Ethiopia, Gabon, The Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mozambique, Namibia, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Swaziland, Tanzania, Togo, Uganda, Zambia, and Zimbabwe.
The Mandela Washington Fellowship will bring up to 700 young leaders to the United States in the summer of 2018 for academic coursework and leadership training and will create unique opportunities in Africa for Fellows to put practical new skills to use in leading their organizations, communities, and countries.
The Mandela Washington Fellowship includes:
- A six-week Academic and Leadership Institute: Fellows are placed at U.S. colleges and universities across the country and in both urban and rural areas. Institutes will focus on skills development in one of three areas: Business and Entrepreneurship, Civic Leadership, or Public Management. The intensive six-week Institute model includes linkages between academic sessions, leadership development, site visits, community service, networking,and organized cultural and civic activities. Fellows will gain both theoretical knowledge and practical skills, and the Institutes will take place from mid-June to late July 2018.
- A Summit in Washington, DC: At the conclusion of the Academic and Leadership Institutes
, all Fellows will participate in a high-level, three-day Summit. During this event, Fellows participate in networking and panel discussions with each other and U.S. leaders from the public, private, and non-profit sectors. The Summit will take place in late July or early August
2018.
12 TOP BUSINESS GRANT OPPORTUNITIES AND BUSINESS FUNDING LOANS FOR SMALL BUSINESSES IN NIGERIA 2018
- An optional six-week Professional Development Experience: As part of the Fellowship application, individuals may apply to participate in a professional development experience (PDE) at a U.S. company, civil society organization, or public sector agency in the United States. The PDE offers Fellows practical training and the opportunity to learn transferable skills, expand their professional network, and apply concepts learned at the Institutes to real-world situations. Placements will relate to Fellows’ professional interests and goals but are typically not an exact match for their current position at their home organization. This
experience offers Fellows new perspectives on their fields, deepens their awareness of issues present in both the United States and their home countries, and equips them with best practices that can be applied to their work upon their return home. Professional Development Experiences will be intensive and demanding, and chosen Fellows may be
placed at organizations across the United States. Fellows selected must be available to be in the United States for approximately 13 weeks total (academic institute plus placement with a U.S. organization). Up to 100 Mandela Washington Fellows will be selected for the Professional Development Experience.
Activities in Africa : Fellows will have access to networking opportunities, ongoing professional development, and volunteer opportunities upon their return home after the Fellowship.
- FINANCIAL PROVISIONS OF THE FELLOWSHIP
There is no fee to apply to the Mandela Washington Fellowship. If you are selected for the Fellowship, the U.S. government will cover all participant costs. Financial provisions provided by the U.S. government will include:
- J-1 visa support;
- Round-trip travel from Fellow’s home city to the U.S. and domestic U.S. travel as required by the program;
- A six-week Academic and Leadership Institute;
- Concluding Summit in Washington, DC;
- Accident and sickness benefit plan;
- Housing and meals during the program; and
- An optional six-week Professional Development Experience (for up to 100 Fellows).
In light of the recent economic downturn, development strategies that create new jobs and support the growth of businesses are of greater need than ever.
Microenterprises play a critical role in this quest as they account for a larger share of newly created jobs. However, only a fraction of these start-ups survive for more than two years or even develop into the high-growth firms.
12 TOP BUSINESS GRANT OPPORTUNITIES AND BUSINESS FUNDING LOANS FOR SMALL BUSINESSES IN NIGERIA 2018
Amongst the biggest barriers to their sustained growth are lack of access to training, development support, and access to funding. The “Youth Ignite” Project (under the Bank of Industry’s (BOI) Microenterprise Finance Program) seek to address these challenge by supporting 1 million entrepreneurs to create 5 million jobs over the next 5 years.
Microenterprises will be provided training, single-digit interest loans and ongoing support during the course of the 5 years.
Entrepreneurs are required to do the either of following:
- Consider ways people conduct businesses in their state or community and devise a more effective way to achieve better results; or
- Develop a solution to a problem(s) in their community or area of influence; or
- Seek to command [more] business value from a skill they already possess or trade they are involved in.
What’s the deal?
Accepted participants will gain access to loan of up to Two Hundred Thousand naira (N200, 000) as well as skilled expertise to help them with their business strategy and growth. Shortlisted ideas/business to will access the following
12 TOP BUSINESS GRANT OPPORTUNITIES AND BUSINESS FUNDING LOANS FOR SMALL BUSINESSES IN NIGERIA 2018
Funding
Entrepreneurs selected to take part in Micro Enterprise funding are automatically qualified to receive a single-digit interest loan capped at Two hundred thousand naira (N200, 000).
Training
All selected applicants are required to attend a business boot camp to refine their business strategy
Community
All selected participants automatically become part of a community of change-makers, pioneers, explorers, problem-solvers and venture builders. To ensure the experience is enriching for all participants, we carefully select the right type of people to join this network. Within the network, we facilitate information sharing, resource sharing, peer feedback, and continuous exchange.
Additional Grants Opportunities in Africa
13. African Entrepreneurship Award
Are you looking for mentoring to launch or grow your business idea in Africa? If yes, then submit a business proposal to start your journey with the African Entrepreneurship Award.
The BMCE Bank of Africa is inviting young African entrepreneurs for its 2017 African Entrepreneurship Award with an aim to improve business idea and achieve goals of building something awesome in Africa.
12 TOP BUSINESS GRANT OPPORTUNITIES AND BUSINESS FUNDING LOANS FOR SMALL BUSINESSES IN NIGERIA 2018
Starting your Journey: A Chance to Win Up to $1 Million!
When you submit your business idea proposal to the African Entrepreneurship Award, you embark on a journey that puts you at the center of a community of entrepreneurs and mentors in Africa and around the world. As a community, we are dedicated to helping you improve your business idea and achieve your goals of building something awesome in Africa.
You can learn exactly how to submit a proposal to the African Entrepreneurship Award by watching the video on the right (or below if you are on your mobile).Stay updated on the latest news by visiting the Award website regularly. The timeline and other important Award headlines may change throughout the year.
12 TOP BUSINESS GRANT OPPORTUNITIES AND BUSINESS FUNDING LOANS FOR SMALL BUSINESSES IN NIGERIA 2018
You, the entrepreneur, must meet the following criteria as you submit your business proposal:
- You must be a citizen of an African country.
- You must be a minimum of 18 years old as of November 1, 2017.
- Your business must be applicable in an African country.
- Your business proposal must include a technological component (digital, machinery, computers, ICT, automated processes, field related technologies, etc.).
- Your business must be for profit.
- Your business idea must include a social impact. You need to articulate the problem that you are trying to solve as well as the solution that you propose to offer.
- Your business must be relevant to one of these categories:
- Education – positively impact education in Africa
- Environment – positively impact the environment in Africa
- Uncharted – a high-impact business venturing into unexplored territory or untested markets
14. The U.S. African Development Foundation (USADF)
USADF GRANT APPLICATIONS CALL FOR PROPOSALS
TO BOOST AGRICULTURAL SECTOR IN SORGHUM, RICE, CASSAVA, AQUACULTURE IN NIGERIA
The U.S. African Development Foundation invites proposals for grant financing and local support, from African enterprises, cooperatives, and producer groups with innovative solutions that extend their own capabilities to increase revenues, create jobs, improve farmer incomes, and achieve sustainable market-based growth.
Maximum award US $250,000
Proposals will only be accepted from registered agricultural cooperatives, small-scale producer groups, and agricultural processors working directly in the sectors and countries listed below.
12 TOP BUSINESS GRANT OPPORTUNITIES AND BUSINESS FUNDING LOANS FOR SMALL BUSINESSES IN NIGERIA 2018
Am I eligible for A GRANT?
USADF will only consider proposals from 100% African-owned enterprises, associations or cooperatives operating in the specified country sectors. Applicants must be legally registered in their country, with a with a proven ability to track, manage, and use internal and external resources to achieve growth.
The majority of USADF’s funding agreements range between $100,000 and $250,000. USADF does not provide funding to government agencies, political parties, or organizations that are not based in Africa
Selection Guidelines and INSTRUCTIONS
Successful Proposals Must
- Have a clearly defined market opportunity to grow revenues that can increase farmer incomes.
- Have a clearly defined plan of how they can increase revenues and farmer incomes in 2- 4 years.
- Be able to make significant cash or in-kind contributions toward making the project successful.
- Be able to impact hundreds of farmers.
- Be able to identify additional financing options available after the USADF grant ends.
That is the 12 Top Business Grant Opportunities and Business Funding Loans For Small Businesses In Nigeria 2018 for Now
12 Top Business Grant Opportunities and Business Funding Loans For Small Businesses In Nigeria 2018
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For most of the grants opportunities above, we can help you profile your new idea or exiting businesses to access them by writing a detail business plan for you.
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