A new financial relief facility has been launched for Nigerian startups affected by the COVID-19 crisis, which will disburse grants to ensure qualifying post-MVP stage high-growth companies remain viable and resilient. Launched by Ventures Platform and Acumen, with support from LoftyInc, the Nigeria Impact Startup Relief Facility (NISRF) will provide grants of between US$5,000 and US$20,000 to support applicants whose businesses are either being adversely affected or modified in response to COVID-19 for a period of six months. The facility will support impact-oriented startups that are at the post-MVP stage, are high-growth, and can demonstrate the scale of impact, amongst other criteria. The collaborating investors are inviting other investors, ecosystem players, development partners, and government institutions to also join the NISRF.
SOURCE: DISRUPT AFRICA
More Stories
Nationalising Rabat’s State Entities
When One Trial Ends Another Opens for South Africa’s Former President
China Follows DRC’s Lead on Mining Regulations
Namibian Protesters Call for Talks Before Accepting Berlin’s Deal
Nigeria has been Grappling with a Growing Drug Problem
Kigali Snubs Belgium Over Jailed Hotelier
How African States Can Take Advantage of the Growing Demand of Cashews
Proceeds from Seized Assets to Fund Malabo’s Vaccination Programme
Khartoum’s Transition Rocked by Coup Attempt
What a ‘Day of Peace’ Looks Like in Nigeria
Richard Branson’s Oasis in Morocco Gets Top Prize
The UK Keeps South Africa on its Red List for Travel