Be Smart About South Africa

Nigerian Startups Get Covid Lifeline

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.


Share with your network!