Apply: NISRF (Nigeria Impact Startup Relief Facility)
Helping Early-Stage Impact Startups Survive the COVID-19 Crisis
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 whose businesses/activities are either being adversely affected by or modified in response to COVID-19.
In order to qualify for this funding, the following criteria have to be met:
1Be a company operating in Nigeria
2The company is tackling an urgent social problem
3The company is post-MVP, revenue-generating, registered with CAC
4Can demonstrate solid financial health prior to the onset of COVID-19 (USD $60K ARR – 12 months period minimum)
5The company has already received seed capital
6Can demonstrate the scale of impact, or potential for future scale
7Fall in any of these sectors: Agriculture, Critical Infrastructure, Financial Services, Health Care, Education, and with initiatives that target the informal sector.
8How well you have optimised resources during COVID
Benefits: Why you should apply
Business equity-free funding between $5,000 to $20,000
Get access to a pool of mentors and business experts
Here’s your chance to continue to create impact and stay afloat.