NISRF calls on social entrepreneurs for a chance to win $20, 000 equity-free funding

Nigeria Impact Startup Relief Facility (NISRF) is an emergency facility designed by an association of funding partners.

The aim of the facility is to disburse grants to a significant number of existing revenue-generating and post-MVP stage startups who create impact so they remain viable during the COVID-19 crisis.

NISRF is created to support grant applicants whose business activities are either being adversely affected by or modified in response to COVID-19.  The Nigeria Impact Startup Relief Facility (NISRF) is expected to last over a period of six months and funding received from the NISRF is 100% equity-free.

Benefits

• Business equity-free funding between $5,000 to $20,000
• Access to a pool of mentors and business experts
• Continue to create impact and stay afloat

Eligibility

In order to qualify for this funding, the following criteria must be met:

• You must be operating in Nigeria
• Evidence that your company is tackling an urgent social problem
• You must be post-MVP, revenue-generating, and registered with CAC
• You should have solid financial health of $60,000 and above in the last one year prior to the onset of COVID-19
• You should have received seed funding
• You should show the scale of impact or potential for future scale
• Your company should fall under any of these sectors: agriculture, critical infrastructure, financial services, health care, education, and initiatives that target the informal sector
• You should demonstrate how well you have optimised resources during the COVID-19 crisis

How to apply

Interested applicants should visit the website to apply.

Application deadline: Monday, September 7, 2020.

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