Nigeria Impact Startup Relief Facility (NISRF)Â 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 for a period of 6 months whose businesses/activities are either being adversely affected or modified in response to COVID-19.
- You can access between $5,000 to $20,000.
- Yes, funding received from the NISRF is 100% equity-free.
In order to qualify for this funding, the following criteria have to be met:
1Â Be a company operating in Nigeria
2Â The company is tackling an urgent social problem
3Â The company is post-MVP, revenue-generating, registered with CAC
4Â Can demonstrate solid financial health prior to the onset of COVID-19 (USD $60K ARR â€“ 12 months period minimum)
5Â The company has already received seed capital
6Â Can demonstrate the scale of impact, or potential for future scale
7Â Fall in any of these sectors: Agriculture, Critical Infrastructure, Financial Services, Health Care, Education, and with initiatives that target the informal sector.
For More Information:
Application Deadline: 7th of September 2020