Before applying for a business grant, there are things you need to know:
What is a business grant?:
It is a non-repayable funds disbursed by one party (Grant Maker), often a Government department, corporation, foundation or trust to a recipient. The recipient can be an individual, a nonprofit entity, or educational institution.
Understand that business grants can be given to people who want to start a new business, as well as individuals whose business are already in progress. For a budding entrepreneur, knowing how to start a new business is essential.
Grant Conditions and Requirements:
You must know the conditions and requirements set out by the grant maker. most business grant makers in Nigeria expects the recipient to develop and submit a good business proposal. The proposal will be evaluated before grants are given. You can prepare a business plan, but if you don't know how to create a good business business. You can get a professional to develop one for you right here.
Business certificate of incorporation, physical address of the business are some of the other requirements a grant maker may request that a grant seeker should submit. The requirements for grants are always displayed and attached to the grant advertisements.
ETISALAT
EASYBUSINESS
MILLIONAIRES HUNT
This
Easybusiness millionaires hunt is put forward by Etisalat
telecommunication company in Nigeria; and it is designed to reward Small
Medium Enterprises (SMEs) with the best business ideas.
Etisalat
in this program is giving a business grant worth 20 million naira
(N20M), free training courses on entrepreneurial management and advisory
services from the esteemed "Enterprise Development Centre"of the Pan
Atlantic University.
To Participate:
Etisalat subcribers should text YES to 5885 from their easybusiness lines to get into the competition.
A code and URL will be sent to you where the business idea should be forwarded to.
The competition is open to new and existing Easybusiness customers only.
You can text WIN to 30555 in the daily draw to win consolidation prizes.
PRIZES:
N2 million each for the top ten business ideas.
The top 50 will be rewarded with free business trainings at the Lagos Business School and office equipments.
Over 200 smartphones to be won throughout the promo duration
Promo will run from 23rd September to 31st December, 2013.
THE MTN BUDDING ENTREPRENEUR
N30 MILLION BUSINESS GRANT
The MTN budding entrepreneur business grant is aimed at actualizing the dreams of still budding businesses.
The grant sum is valued at 30 million naira (N30M) and will be given to the 3 best ideas at the MTN Leadership Seminar, to get the brightest idea of them all. The 3 best Ideas will get a 6 month mentorship program with top business investors and philanthropists.
Participation is open to all Registered MTN customers under the age of 40 as at 30/04/12
To register, participants are required to fill in the application form and send their business via www.mtnonline.com/leadership
The business ideas will be screened and successful applicants will be invited for presentation, before a panel at a venue that will be communicated to the successful applicants.
There are more grants in Nigeria such as:
1. YOUWIN grant for budding entrepreneur
2. Federal Government of Nigeria NERFUND grant for small and medium scale enterprises.
3. International grants to functional Non-Governmental organizations in Nigeria.
4. International Scholarship grants for oversea students.
5. International grants for social performance organizations by Kiva.
To order for a complete list of grant opportunities in Nigeria and to know how to obtain the grant:
Email: enyiep@gmail.com
OR call
+2348030989490.
