Nigeria Impact Startup Relief Facility (NISRF)  calls for applications from post-MVP stage high-growth startups.

Nigeria Impact Startup Relief Facility (NISRF) is an emergency resource designed by a consortium of funding partners to dispense 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 negatively affected or modified in response to COVID-19.

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

Selection Criteria

To qualify for this funding, the following criteria must be met:

• Be a company operating in Nigeria
• The company is tackling an immediate social problem
• The company is post-MVP, Can validate solid financial health prior to the onset of COVID-19 (USD $60K ARR – 12 months period minimum)revenue-generating, registered with CAC
• The company has already received seed capital
• Can validate 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

Benefits

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.

Timeline

September 7, 2020: Application portal closes

How to apply

If you tick all the boxes then you can start your application via their portal before it closes on Monday, September 7, 2020. Interested applicants can visit the website for more information.