Starting or growing a business is tough, especially when funding is limited. As a Nigerian entrepreneur, wouldn’t it be great to access financial support that doesn’t require repayment? That’s exactly what grants offer! International business grants not only provide funding but often come with mentorship, networking opportunities, and global exposure. If you’ve been wondering where to find such opportunities, I’ve got you covered. Let’s dive into five incredible international grants that Nigerian entrepreneurs can apply for—and how to increase your chances of winning.
1. The Tony Elumelu Foundation Entrepreneurship Programme (TEF)
You’ve probably heard of the Tony Elumelu Foundation—it’s a game-changer for African entrepreneurs. Every year, TEF offers up to $5,000 in seed funding to thousands of entrepreneurs across Africa. But that’s not all! They also provide training, mentorship, and access to a network of like-minded individuals.
Why It’s Amazing
TEF doesn’t discriminate by industry. Whether you’re in agriculture, fashion, technology, or even healthcare, you’re eligible to apply.
Who Can Apply?
- You must be an African entrepreneur.
- Your business must be under three years old or still in the idea stage.
How Do You Apply?
Applications usually open in January. Visit the Tony Elumelu Foundation website, fill out the form, and submit a detailed business plan.
Insider Tip
Take the training sessions seriously! Even if you don’t win the grant, the knowledge you gain can set you on the right path. Past winners often say the mentorship was just as valuable as the funding.
2. Global Innovation Fund (GIF)
Have you ever thought about how your business can solve big problems like poverty or poor education? That’s what the Global Innovation Fund (GIF) is all about. They fund innovative ideas that address challenges in developing countries.
What Makes GIF Stand Out?
This isn’t a small-time grant. GIF offers funding ranging from $50,000 to $15 million, depending on the size and stage of your business.
Who’s Eligible?
- Entrepreneurs, non-profits, and for-profit businesses are welcome.
- Your idea must focus on creating measurable social and economic impact.
How Do You Apply?
Go to the Global Innovation Fund website, fill out the application, and explain your business’s innovative approach and its impact.
Pro Tip
GIF loves scalable ideas. Make sure to highlight how your business can grow to impact not just your community but the entire country—or even the continent.
3. Orange Social Venture Prize (OSVP) Africa & Middle East
Do you run a tech-driven business that’s solving social problems? If yes, the Orange Social Venture Prize is for you! This program recognizes startups that use technology to improve lives and provides funding to help them scale.
Why You Should Apply
The OSVP offers up to €25,000 in grants. But that’s not all—you’ll also gain mentorship, global recognition, and the chance to connect with other innovative entrepreneurs.
Eligibility
- Open to entrepreneurs in Africa and the Middle East.
- Your project must focus on social impact, like education, healthcare, or sustainable development.
How to Apply
Submit your application through the Orange website and prepare to pitch your idea to a panel of judges.
Pro Tip
Pitching matters! Practice explaining your business in a clear, compelling way. Judges love entrepreneurs who can communicate their passion and vision.
4. The Anzisha Prize for Young African Entrepreneurs
If you’re a young entrepreneur aged between 15 and 22, the Anzisha Prize could be your ticket to success. It’s all about empowering young people who are already making an impact in their communities.
What’s On Offer?
Winners receive grants of up to $100,000, along with access to leadership programs, training, and a supportive network.
Who Can Apply?
- You must be the founder or co-founder of your business.
- Your business must already be up and running, with measurable results.
How to Apply
Applications are submitted online, and shortlisted candidates go through interviews and assessments.
Pro Tip
The Anzisha Prize values social impact. Make sure to highlight how your business benefits your community and improves lives.
5. Cartier Women’s Initiative
Ladies, this one’s for you! The Cartier Women’s Initiative is a global program designed to empower female entrepreneurs who are driving positive change through their businesses.
Why It’s Worth Applying
Winners get up to $100,000, while finalists receive $30,000. But the benefits go beyond money. You’ll also gain access to coaching, mentorship, and a global network of experts.
Eligibility
- Open to women from any country, including Nigeria.
- Your business must be for-profit and less than three years old.
How to Apply
Submit your application on the Cartier Women’s Initiative website, providing details about your business’s mission, vision, and impact.
Pro Tip
Focus on the “why” behind your business. Cartier values purpose-driven entrepreneurship, so let your passion shine through in your application.
Final Thoughts
These grants aren’t just about the money—they’re about opening doors to new opportunities, expanding your network, and building your skills. Whether you’re just starting out or looking to scale, there’s something here for everyone.
FAQs
- Can I apply for multiple grants at the same time?
Absolutely! Just make sure you meet the requirements for each grant and tailor your applications accordingly. - Do I need to register my business to qualify?
Yes, most grants require you to have a registered business, typically with the Corporate Affairs Commission (CAC). - Are these grants available every year?
Most of them are annual. Keep an eye on the official websites and social media pages for updates. - Do I need to pay any fees to apply?
No, legitimate grants do not require payment. Be cautious of scams that ask for fees upfront. - What if I don’t win a grant?
Don’t give up! The experience of applying can teach you a lot. Plus, many programs offer training and networking opportunities that are just as valuable.
With the right preparation and persistence, you can tap into these opportunities and take your business to the next level. Good luck!