SMEDAN Announce New MSME Grant for Nigerians – See How to Apply for the grant
GoldenNewsNg report that the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) has once again announced a $100,000 grant opportunity for Micro, Small and Medium Enterprises (MSMEs) in Nigeria and Africa in general.
This new grant project was developed by the United States with the goal of improving small company growth in Nigeria and other African countries.
Are you a small Businesses owner ? if you are interested and qualified kindly apply through the ASBC Application Portal.
ASBC is a business accelerator that supports SMEs with loans ranging from USD$100,000 to USD$1 million and offers technical assistance (TA) and grants up to USD$100,000. ASBC targets SMEs in sub-Saharan African countries within the agriculture, food security, healthcare, and education sectors, as well as water, sanitation, and hygiene (WASH) with special consideration to SMEs that tackle the climate crisis and address gender equity considerations through their work.
ASBC assists its partners with capital/grants, mentoring, training, and TA to help them develop their business models, strengthen their management skills, expand their market reach, and deepen their impact.
What can ASBC offer to your business?
- Debt investments up to USD$1 million
- Grant capital up to USD$100,000
- Intensive mentoring and training programs
- Targeted technical assistance (e.g., technology)
- Network of impact investors
- Impact first, catalytic partner (no dilution or claims on IP)
Requirement for the MSME Grant for Nigerians
ASBC seeks to partner with for-profit businesses that are registered locally and majority African-owned. Ambitious, full-time management teams with a clear vision and that are driven to grow their business and deepen their social impact are ideal candidates. Businesses must have at least two years of operations and be revenue positive with a scalable product/service.