Nigeria Impact Startup Relief Facility (NISRF)

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