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The Nigeria Impact Startup Relief Facility Grant - Helping Early-Stage Impact Startups Survive the COVID-19 Crisis

Updated on Aug 28, 2020 1268 views
The Nigeria Impact Startup Relief Facility Grant - Helping Early-Stage Impact Startups Survive the COVID-19 Crisis

About NISRF

Nigeria Impact Startup Relief Facility (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 impact so they remain viable during 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.

Selection Criteria

  • In order to qualify for this funding, the following criteria have to be met:
  • Be a company operating in Nigeria
  • The company is tackling an urgent social problem
  • The 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)
  • The 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

Why you should apply

Grant

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.

Learn More About This Grant

Application Link

Staff Writer

This article was written and edited by a staff writer.

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