In module 9, we were taught about private investments and sources of business funding, company valuation and equity dilution. All these are available opportunities for entrepreneurs for you to finance and scale up your business for viable growth.
However, there other available opportunities both locally and internationally to get funds in form of grants for your business funding ; and they are:
- Tony Elumelu Entrepreneurship program which offers $5,000 grants & $5,000 convertible loan for 1,000 entrepreneurs every year. and the training is ongoing now.
2.Growth and Employment project(gem Big portal) which is implemented by yhe Fed, Min. of Industry, Trade and Investment(FMITI) & supported by the world bank.
It consists of 5 categories of grants:
- performance grants
- Matching grants
- Institutional grants
- Innovative grants
- Equity grants
You can apply for up to $35,000 grants.
You Win Connect
This is a multimedia enterprise education initiative of the Fed, Min. of Finabce(FMF)
This is an annual competition that rewards innovative startups that use business to solve global challenges. The applicants compete for a share of $1 million.
Main grant Application.
This is for Africa women Development Fund.You can apply for up to $50,000 grants.
As you digest it, you may find it very valuable and tap into it for your golden opportunities.
Thanks , seeing you ahead, ahead
References:Accessing Grants for Startups( A guide for building entrepreneurs) by Ifedayo Durosinmi-Etti (2018 ), chapter 6; pg.140-155