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

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Application Deadline: 7th of September 2020

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.

Grant

  • You can access between $5,000 to $20,000.
  • Yes, 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 the Official Webpage of the Nigeria Impact Startup Relief Facility

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