Nigeria Impact Startup Relief Facility (NISRF)

We are in this together

Overview

Sep 7
Sep 13 - 9:00 - Dec 23, 2020 - 18:00
Ventures Platform Investment Fund
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Nigeria
Agribusiness, Business services, Clean technology and energy, Utilities, Construction and manufacturing, Creative, media and entertainment, Education, Financial services, Healthcare, ICT, Leisure and travel, Retail and wholesale, Consumer durables, Consumer non-durables, Transport and logistics, Water, sanitation and hygiene, Automotive, Clothing and textiles production, Computer hardware, Electronics, Food production, Furniture

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.

Selection Criteria

In order to qualify for this funding, the following criteria have to be met:

  • Be a company operating in Nigeria
  • The company is tackling an urgent social problem
  • The company is post-MVP, revenue-generating, registered with CAC
  • Can demonstrate solid financial health prior to the onset of COVID-19 (USD $60K ARR – 12 months period minimum)
  • The company has already received seed capital
  • Can demonstrate the scale of impact, or potential for future scale
  • Fall in any of these sectors: Agriculture, Critical Infrastructure, Financial Services, Health Care, Education, and with initiatives that target the informal sector.
  • How well you have optimised resources during COVID

Activity