Apply for $20,000 Worth Grant from the Nigeria Impact Startup Relief Facility

Ventures Platform Hb and Acumen, with support for LoftyInc Allied Partners Limited, are launching the Nigeria Impact Startup Relief Facility (NISRF) to disburse business grants to the qualifying post-MVP stage, high-growth startups so they remain resilient through the COVID-19 crisis.

The Nigeria Impact Startup Relief Facility (NISRF) is an emergency facility designed by a consortium of funding partners to disburse business 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.Fashion wear house in Nigeria

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

The Nigeria Impact Startup Relief Facility (NISRF) is expected to last over a period of six months.

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.


  • 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.

How it Works

  1. Call for Application
  2. Selection
  3. Sign Agreement
  4. Fund Disbursement
  5. Monitoring

How to Apply

To get started, click here.

The application closes on the 7th of September 2020.


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