Nigeria Impact Startup Relief Facility (NISRF) Programme $5,000 to $20,000 Grant

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 an impact so they remain viable during the COVID-19 crisis.

NISRF is designed to support grant applicants for a period of 6 months whose businesses/activities are either being adversely affected or modified in response to COVID-19.

Grant

You can access between $5,000 to $20,000.

Funding received from the NISRF is 100% equity-free.

Selection Criteria

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.

 

For More Information: Visit https://nisrf.venturesplatform.com

Application Deadline: 7th of September 2020

 

 

Source: scholarshipsandaid.com



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