Welcome to the Funding Hub

We recognize the difficulties in securing funding, which is why we've curated a comprehensive list of resources to assist you in finding the ideal support for your business. This page will be consistently refreshed to provide the most current grant, debt, and equity financing options tailored for Nigerian businesses spanning diverse sectors.

MBN Trade Fair 2

Funding Options

  1. Grants: Grant funding provides financial support for businesses with a social or environmental impact. These typically don't require repayment but come with specific eligibility criteria.
  2. Debt Financing: Debt financing involves borrowing money from a lender, which you repay with interest over time. This option offers more flexibility in terms of use of funds.
  3. Equity Financing: Equity financing involves selling a share of ownership in your company to investors in exchange for capital. This can provide significant funding but dilutes your ownership stake.

Finding the Right Opportunity

Carefully review the details of each opportunity before applying. Here are some key factors to consider:

  1. Industry Focus: Does the program target your specific industry or sector?
  2. Stage of Development: Is the funding suitable for startups, established businesses, or both?
  3. Funding Amount: Does the program offer the amount you require?
  4. Eligibility Requirements: Ensure your business meets all the criteria, such as location, registration status, and revenue generation.
  5. Application Deadline: Don't miss out! Apply well before the deadline to increase your chances of success.

Disclaimer: MBN is not affiliated with any of the funding programs listed unless otherwise stated.

Grants

NameTypeAmountDeadlineWebsite
AU-EU Youth LabGrant€5,000 - €20,00019-Feb-25Visit
French Embassy FundGrantNot Stated31-Jan-25Visit
STARTS PrizeGrant€3,000 - €15,0005-Mar-25Visit
Ashoka Power of Local ChallengeGrantUp to $60,00026-Feb-25Visit
U.S. Embassy Abuja Public DiplomacyGrant$5,000 - $50,00021-Mar-25Visit
Generative AI Accelerator ProgramGrantUp to $30,000,00010-Feb-25Visit
Rice Business Plan CompetitionGrantUp to $1,000,00027-Jan-25Visit
Standards and Trade Development FacilityGrantUp to $50,0003-Mar-25Visit
Women Entrepreneurs AwardGrant€ 25,00018-Feb-25Visit
Japan Foundation AwardsGrantNot Stated28-Feb-25Visit
BF Africa PrizeGrant€ 250,0003-Mar-25Visit
Achievement AwardsGrant$10,00031-Jan-25Visit
Partnership AwardGrant$10,00031-Jan-25Visit
Champion AwardGrant$10,00031-Jan-25Visit
Powering Renewable Energy OpportunitiesGrant£7,500,00031-Jan-25Visit
Vigdís Prize for Women’s EmpowermentGrant€ 60,00028-Mar-25Visit
Thematic Call Funding ProgrammeGrant€5,000,000 - €20,000,00018-Feb-25Visit

Debts

NameTypeAmountDeadlineWebsite
AfDB Youth Entrepreneurship Investment BankDebtNot StatedOpenVisit
Green Climate Fund (GCF)DebtNot StatedOpenVisit
OPEC FundDebtNot StatedOpenVisit
World Bank - International Finance CorporationDebtNot StatedOpenVisit
African Development Bank LoansDebtNot StatedOpenVisit

Equity

NameTypeAmountDeadlineWebsite
Africa AI Accelerator ProgramEquityUp to $100,00020-Mar-25Visit
Partech Africa FundEquityNot StatedOpenVisit
Seedstars Africa VenturesEquity$50,000 - $500,000OpenVisit
Future Africa FundEquity$25,000 - $500,000OpenVisit
TLcom CapitalEquity$500,000 - $10,000,000OpenVisit
Endeavor Catalyst FundEquityNot StatedOpenVisit

Incubators & Fellowships

NameTypeAmountDeadlineWebsite
Tony Elumelu Foundation Entrepreneurship ProgrammeIncubator$5,0001-Mar-25Visit
Y CombinatorIncubator$500,00026-Jan-25Visit
Google for Startups AcceleratorFellowshipEquity-Free Support15-Feb-25Visit
Techstars AcceleratorIncubator$120,00022-Feb-25Visit
Startupbootcamp AfriTechIncubatorEquity-Free Support5-Mar-25Visit
The Anzisha Prize FellowshipFellowship$50,00028-Feb-25Visit
Echoing Green FellowshipFellowshipUp to $80,00015-Mar-25Visit
Acumen FellowshipFellowshipLeadership Training20-Mar-25Visit

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