Funding a business is the major challenge young entrepreneurs have these days. Almost everyone has on business idea or the other. But can these business come alive without funds? Absolutely No. No matter how good an idea is, it requires money even if it has to be small.
So here are some grants that new or existing businesses could benefit from.
First is to know what a grant is.
Grants refers to business inputs especially cash that a business person gets without paying back.
Here is the list of them
The Tony Elumelu Foundation provides grants of up to $5000 to 1000 beneficiaries across Africa every year. It is free to participate. See details : www.tonyelumelufoundation.org
2. Big portal
The Big portal is completely free. It is a platform that encourages new businesses with capital to start or expand. See their website for more details
It is a federal government initiative meant to support new or existing businesses. Non refundable capital of up to N10millon is given. https://youwinconnect.org.ng/
Other grants Includes;
Bank of Industry grant https://www.boi.ng/
GroFin Fund http://www.grofin.com
Diamond Bank BET program
AYEEN financial grants https://ayeonline.org/
Lagos State Entrepreneurs Trust Fund https://lsetf.ng/