Call For Applications: SEEDINVEST Acceleration Program For MSMEs in Nigeria ( Up to N5 Million Grant Prize)

Deadline: July 21, 2024

All over the world today, the major sector driving employment, income growth, and capacity development is entrepreneurship.

Not just entrepreneurship for its sake, but successful businesses and the impact of these businesses on national development and gross domestic product.

Nigeria is indeed blessed with great entrepreneurs but unfortunately, most Nigerian businesses do not transcend generations, making an entrepreneurial revolution the solution to Nigeria’s economic and employment challenges.

Our desire at ‘Biodun and Ibikunle Foundation is to drive the entrepreneurial revolution in Nigeria and Africa through our SEEDINVEST Acceleration Program.

The SEEDINVEST Acceleration Program empowers micro and small businesses with asset grants, entrepreneurial training, and advisory services to help them thrive.

For each business that succeeds, we see the economic and social returns such businesses will bring. This includes poverty eradication, employment creation, better mental and physical wellbeing, etc.

Eligibility

KINDLY READ CAREFULLY BEFORE YOU APPLY.

Must be a registered business with the Corporate Affairs Commission.

Must be operational for a minimum of six (6) months.

Must have a 5 years business plan.

Must have a business account with any of the commercial banks in Nigeria.

Must have a Tax Identification Number (TIN).

Product Certification by relevant regulatory body/bodies must be provided where required.

Business address must be verifiable.

Benefits:

5 BUSINESSES TO WIN 5 MILLION NAIRA! IN ASSET GRANT FOR THEIR BUSINESS!

Entrepreneurial Training

Mentoring

Asset Grants Much More…

APPLY HERE

ACT FOUNDATION’S CHANGEMAKERS INNOVATION CHALLENGE 2024 FOR AFRICAN NONPROFITS AND SOCIAL ENTERPRISES.

Deadline: July 12th, 2024

Applications are now open for the 2024 ACT Foundation’s Changemakers Innovation Challenge. The Changemakers Innovation Challenge was conceived by ACT Foundation as a response to the impressive work of community non-profits and social enterprises in Africa that leverage technology and digital tools to create social change within their communities. 

Eligibility Requirements

The Changemakers Innovation Challenge is open to non-profits and social enterprises in Africa. Businesses carrying out innovations that lead to social impact may also apply. 

Organisations must submit social innovations that address challenges in alignment with any of the SDG Goals Click here for more insights on the SDGs

Organisations that have been awarded funding as winners of the Changemakers Innovation Challenge in the past are not eligible.

Non-profits or social enterprises must be registered with the government agency in charge of organizations’ registry in their respective countries.

All submissions must be innovative solutions that use technology or digital systems as major tools in driving community impact. Evidence of claims must be provided through web links, videos, pictures and any other online presence.

Organizations must have been in existence for at least two years.

All social innovations must be at the growth stage and must have been tested or implemented on direct beneficiaries. Evidence of claim must be provided through pictures, news releases, etc

All social innovations must have been implemented within the past two years. PILOT INNOVATIONS WILL NOT BE ACCEPTED. 

Requirements

The challenge is open to non-profits, social enterprises and businesses across Africa that are utilizing various technological and digital tools to develop innovative social solutions.

Grant funding will be awarded to the top three (3) winners of the Changemakers Innovation Challenge, facilitating the scaling of their innovative solutions across different communities. 

Furthermore, technical support in form of either software, hardware or capacity-building training will be provided to selected finalists as applicable.

Guideline

Entry for the Changemakers Innovation Challenge opens on Monday, 24th June 2024 and closes Friday, 12th July 2024. Late entries will not be considered.

Only one entry will be accepted per organization. Once an entry has been submitted, no further changes will be accepted.

All entries for this challenge must be submitted in English.

No entry fee, purchase or payment of any kind is required to apply.

Grant funding will be awarded to the top three (3) winners of the Changemakers Innovation Challenge towards the scaling of their innovative solutions across different communities. Technical support will also be awarded as applicable.

Winners will be announced and awarded at the annual ACT Foundation Breakfast Dialogue which is scheduled to hold in October 2024. For more details, visit www.actrustfoundation.org.

APPLY HERE