Ventures Platform Hub, Acumen with support from Loftyinc is launching the Nigeria Impact Startup Relief Facility. This is with the aim to help early-stage impact startups survive the COVID-19 Crisis. So, if you want to benefit from this opportunity, you should apply now.
About Nigeria Impact Startup Relief Facility (NISRF)
NISRF is an emergency facility designed by a consortium of funding partners to disburse grants to a significant number of existing post-MVP stage high-growth startups who create an impact so they remain viable during the COVID-19 crisis. The initiative is designed to support grant applicants whose businesses/activities are either being adversely affected or modified in response to COVID-19.
In order to qualify for this funding, you must meet the following criteria;
- Be a company operating in Nigeria
- Your company is tackling an urgent social problem
- Your company is post-MVP, revenue-generating, registered with CAC
- Can demonstrate solid financial health prior to the onset of COVID-19 (USD $60K ARR – 12 months period minimum)
- Your company has already received seed capital
- Can demonstrate the scale of impact, or potential for future scale
- Fall in any of these sectors: Agriculture, Critical Infrastructure, Financial Services, Health Care, Education, and with initiatives that target the informal sector.
- How well you have optimised resources during COVID
Nigeria Impact Startup Relief Facility Benefits
By applying, you will benefit;
- Business equity-free funding between $5,000 to $20,000
- Business Advisory
- Get access to a pool of mentors and business experts
- Business continuity
- Here’s your chance to continue to create impact and stay afloat.
How it works
- Call for application
- Sign agreement
- Fund disbursement
The deadline for the Nigeria Impact Startup Relief Facility is September 7, 2020. So, if are want to benefit from this opportunity, you can apply using this link; https://nisrf.venturesplatform.com/
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