Deadline: 7-Sep-20
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.
Benefits
- 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.
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 optimized resources during COVID.
For more information, visit https://nisrf.venturesplatform.com/