Apply: Nigeria Impact Startup Relief Facility (NISRF) For post-MVP stage high-growth startups ($5,000 to $20,000)

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.

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.
  8. How well you have optimised resources during COVID

 

Details

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

  • You can access between $5,000 to $20,000.
  • Funding received from the NISRF is 100% equity-free.
  • You can get access to $5,000 – $20,000 funding for your startup, business advisory, and a chance to make a real impact.
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Eligibility

  • We are currently accepting applications from post-MVP revenue-generating startups who are tackling an urgent social problem, can demonstrate solid financial health prior to the onset of COVID-19 (USD 60K ARR – 12 months period minimum) and can demonstrate that (up to) USD 20K will enable them to withstand a 6-month disruption. Please refer to the selection criteria above.
  • If your startup falls in any of these sectors, then you’re eligible to apply – Agriculture, Critical Infrastructure, Financial Services, Health Care, Education, and with initiatives that target the informal sector.
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Duration

  • The Nigeria Impact Startup Relief Facility (NISRF) is expected to last over a period of six months.
  • Application closes on the 7th of September 2020

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.

Deadline: 7th of September 2020

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