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Get Funding with GroFin

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GroFin is an establishment founded in the year 2004 as a funder base for small and growing businesses. It serves as a channel for dissipation of helping funds to start-up companies and businesses around mapped out areas around the world, it has the function of managing the funds for and on behalf of 24 international investors, development funders, banks, corporates and foundations.


GroFin has its advantage a large fund base in excess of US$400 million; thanks to the investors, which it gives out to interested businesses in need of funds. GroFin also a pioneer financier, that is; handles original and first-hand financing to businesses

As a multi-partnering organization, GroFin can boast of sustainability and stability on many grounds, one to be that they not only have multi-channeled inflow of ready-to-give-out funds, but the inflow is diversified between many sectors of the economy and this ensures durability of funding. There is also little limits to the type of business to which GroFin invests in with the funds they receive, the options are wide and funds are accessible to interested business owners and CEO’s alike.

Some very vital information about GroFin is enumerated below

  1. It was founded in 2004 and therefore has a track record of success from that time up till now. It has a standard image and growing fast its base.
  2. It has 14 outlet offices on-the-ground and local teams in those offices across a span of 12 countries.
  3. It engages in the funding of small and growing businesses (SBGs) across Africa and the Middle East, areas are carefully selected to be those mostly in need of such funding.
  4. The financial potential of GroFin is such that funding is met to the specification and satisfaction of the investee within an agreed period of time.
  5. The time duration for the investment could span 4 to 7 years of fruitful investment into the business.
  6. Financing is given to businesses with a funding need between US$100,100 and US$1,500,000 in today’s currency worth. This can also be bargained in the cash exchange equivalent of the local currency country.
  7. GroFin does not take total control of the running of the business but allows management of fund by the business for the stipulated time.
  8. The businesses which GroFin fund are those that have direct economic and developmental value in the lives of the larger community.

Criteria for selection

  • The business has to be a small or growing business in Africa and the Middle East.
  • They should have strategic growth plans for a period of 4 years and above.
  • They should have their business within Africa and the Middle East and within the areas specified by GroFin.
  • The business should be strong enough to be able to accommodate large fund up to One Hundred Thousand Dollars or its equivalent in the local currency of the country.
  • The business should apply directly to GroFin to enable them access fund.

To apply for finance:


To apply for GroFin funding click here

Contact:

To get information about the organization, visit their official site

I am enthusiastic about individual and business growth and a hardcore evangelist of self discovery and development. I build businesses and develop sales strategies for startups as well as planning & managing corporate events for businesses, organizations and individuals.

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Grant opportunities

LIST OF FEDERAL GOVERNMENT GRANTS 2020

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federal government grant 2020

If you were trying to search for federal government grants 2020, this post has got you covered (NYIF 2020 included). Although I’ll need to go through a quick experience quickly.


An old client came over seeking advice concerning the kind of grant suitable for her organization.  I quickly recommended government grants -specifically federal government grants. But before I could fully get those words out, she was already skimming through Google results for federal government grants 2020.

However, the underside of this experience was that she found what she was looking for, but it took forever. This was because she was good with computers though.

So, what happens to people who do not know their way around computers or search results?


Well, that’s why you’ve got this post. Listed below are five ongoing federal government grants in 2020. But you will need to check back occasionally for updates and new funding opportunities.

  1. 2020 HEALTHY COMMUNITIES GRANT PROGRAM

The Healthy Communities Grant Program is an initiative backed by the Environmental Protection Agency. It is a competitive grant that supports the EPA’s plan. This plan includes protecting and improving human health, reducing environmental risks, and improving the quality of human life.


Furthermore, this  grant achieves its objectives by funding projects that:

  • Understand, access, and reduce human and environmental health risks.
  • Enhance collaborations through community-based projects and partnerships.
  • Focus on resources to benefit communities at risk, and so on.

In addition, EPA disburses a total estimated sum of $350,000 annually.

Read Also: List Of Top Agriculture Grants in 2020

Deadline


Closing date for grant applications is June 5, 2020

How to Apply

Click here to apply, although you will have to register on grants.gov to access the application webpage.  Ensure you fulfill all requirements.

  1. BEST Robotics Grant: Hub’s Teacher Professional Development (HTPD) 2020

The Best (Boosting Engineering, Science and Technology) Robotics Grant is a funding opportunity endorsed by the Missile Defense Agency. This government grant provides financial support for professional development to teachers within the first three years on the BEST Robotics teaching team.

So, this implies that eligibility for this grant is based on your ability to teach in this field.

Furthermore, this program also involves general STEM (Science, Technology, Engineering, and Mathematics) training.

This is another federal government grant in 2020 you do not want to miss.

Deadline

Closing date for grant applications is May 31, 2020

How to Apply

Click here to apply, although you will have to register on grants.gov to access the application webpage.

  1. Higher Education Multicultural Scholars Program (MSP)

One of the Federal Government grants in 2020 you also so need to take a closer look at is the Higher Education Multicultural Scholars Program. The program is managed by the National Institute of Food and Agriculture.

Furthermore, the MSP is a competitive undergraduate grant which aims at increasing multicultural diversity, especially in the agricultural and food scientific workforce.

However, award money for thus grant ranges from US$20,000 -for award floor- to US$200,000 -for award ceiling.

Note that the award ceiling is the maximum amount for the application budget while the award floor is the least amount.

Eligibility

Eligible Organizations include land-grant institutions, Colleges, and universities.

How to Apply

Click here to apply, although you will have to register on grants.gov before applying. Ensure you fill in the correct details.

Deadline

The current closing date for grant applications is June 29, 2020.

Read Also: Federal Government Business Grants

  1. Centers for Independent Living Training and Technical Assistance Grant

The Centre for Independent Living is an initiative under the Administration for Community Living. However, the focal points of this grant include the following:

  • Maintaining and developing a digital presence that swiftly responds to digital and online trends.
  • Contributing innovative ideas to create CIL efficiencies in service delivery
  • Conducting training symposiums with the intention of making them grantee symposiums
  • Fostering partnerships both at the national and state levels, enabling external stakeholder network expansion.

Furthermore, the annual estimated total revenue for this funding opportunity is US$889,490, with the award floor at US$639,490.

Deadline

The official closing date for this Federal government grant in 2020 is June 22, 2020.

However, note that all applicants are to submit their proposals no later than 11:59 p.m. E.T on the above listed due date.

How to Apply

Click here to apply, although you will have to register on grants.gov to access the application webpage.

Read Also: 7 Small Business Grants Applications 2020

  1. Small Business Innovation Research Program (SBIR) Phase II

The Small Business Innovation Research Program (SBIR) was initiated to foster and stimulate technological innovations in the private sector. It aims at strengthening the role of small businesses in meeting the needs of Federal research or research and development.

This is in a bid to intensify the commercial use of research to yield development results. Also, it tries to improve the return-on-investment from development and research, which in turn improves the lives of beneficiaries, especially those with disabilities.

Funding obligations for SBIR projects are made by the National Institute on Disability, Independent Living, and Rehabilitation Research (NIDILRR) to effectively address the needs of disabled individuals (their health, community living, function, and employment). However, the intention of phase II is to intensify the results of Phase I.

In addition, the Estimate total budget for this grant is US$1,150,000, with an award ceiling at US$575,000 and an award floor at US$570,000.

Read Also: Government Grants (Detailed Guide)

Deadline

The official closing date for this Federal government grant in 2020 is June 10, 2020. However, note that all applicants are to submit their proposals no later than 11:59 p.m. E.T on the above listed due date.

How to Apply

Click here to apply, although you will have to register on grants.gov to access the application webpage.

Eligibility

Click here for eligibility requirements and information.

#6. National Youth Investment Fund (NYIF)

The National Youth Investment Fund initiative started its journey in the year 2020 (October) with a mission to invest in the youths. And as we know, a normal routine for  Federal Government funding opportunities is to invest in creative ideas and skills that will contribute to the country’s infrastructure. 

This initiative which was an idea of the Federal Ministry of Youth and Sports receives funding from the Central Bank of Nigeria. These funds however usually need to go through the popular NIRAL Microfinance Bank. 

For the most part, NYIF is designed to run between October 2020  to 2023 with a target of 500,000 youths annually within this time-frame.

But here’s where it gets interesting; NYIF plans to disburse funds ranging from N250,000 to N50,000,000 to eligible youths at a single-digit interest rate of 5% and loan tenor of 5 years. 

However, this comes with a maximum moratorium of 12 months which will be solely dependent on business structure and NMFB evaluations.

Who is Eligible for NYIF Registration 2020 Funds?

To be considered eligible for the National Youth Investment Fund (NYIF) 2020, the following requirements would need to be in place:

  • Evidence to verify that you are a Nigerian within the age bracket of 18 to 35
  • An Approved Certification from Federal Ministry of Youth and Sports (FMYSD)  Entreprenuership Development Institutes (EDI’s)
  • A well-documented Business Plan Summary
  • An Operational Business Enterprise
  • Evidence of  registration with the Corporate Affairs Commission (CAC)
  • Local Government Area Indigene Certificate 
  • A Valid Bank Verification Number (BVN)
  • A Valid Tax Identification Number (TIN)

Who is NOT Eligible for NYIF Application 2020 Funds?

Red-flags that could immediately get you disqualified from the National Youth Investment Fund (NYIF) initiative in 2020 include scenarios where;

  • You have been a beneficiary of  any AGSMESIS (Agricbusiness/Small & Medium Enterprises Investnment) Scheme and NMFB loan.
  • You have been a previous beneficiary of any other government loan schemes
  • You’ve had a record of any financial crime in the last 10 years
  • You are unable to verify your identity with valid documents.

NYIF Registration October 2020

Before you proceed to NYIF’s Official Website, here are some requirements you would need to get started on your registration. 

  • Full Identification (Surname, First Name and Middle name) 
  • Phone Number (Provide a valid number)
  • Bank Verification Number
  • Choose your Preferred Training Centre
  • Choose your Geo-Political Zone (Click here to confirm yours

Deadline for NYIF 2020

As at the time of writing this post, no date has been set for the NYIF 2020 Registration but we will notify you when that update comes up. However, it’s best you apply as soon as possible. 

How to Apply for NYIF on nyif.nmfb.com

To Apply for the National Youth Investment Fund, Visit the Official Website and fill in the required details as listed above.

Conclusion

This post will be updated occasionally. So if you stumble of grants with outdated deadlines, don’t fret !!! Just check back for updates.

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Grant opportunities

Savannah Funds for Tech Startups in Africa

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Technology is progressively gaining predominance in African nations. It is playing a significant role in the transition from being the margin to the mainstream of the global economy.


Africa has recorded a rise in technological innovations, tech innovation hubs, and tech-related ventures. In 2016, venture capital to African Tech Start-ups was pegged at about $608 million to 1$ billion.

Investments are fast rising from Venture Capitalists (VCs), Angel Investors, the government to grow the tech industry. Savannah Funds is one of such funding for the start-ups.

About Savannah Funds


Savannah Funds, based in Nairobi, Kenya is a venture capital fund for early-stage, high growth technology start-ups in Sub-Saharan Africa. Started in 2012, they have made investments in about 20 Africa focused start-ups in countries like; Kenya Uganda, Ghana, Nigeria, Zimbabwe and South Africa. They have helped these start-ups to raise over $13million in seed and venture capital funding and generated over 150 jobs.

Savannah fund is Africa’s leading technology seed fund and accelerator, offering $25,000 to $500, 000 investments in early-stage tech start-ups. Savannah fund says it aims to bridge the early stage or angel and venture capital investment gap that currently exists in Africa by combining capital with mentor networks both in the region and from Silicon Valley via an accelerator program and a follow-on independent seed fund.

Benefits


A key piece of the Fund’s overall strategy is to address the skills and experience gap of entrepreneurs in the region through the Accelerator Program. The accelerator program is designed to help emerging entrepreneurs build a company and launch a product. Early-stage companies participate in “cohorts” and are exposed to a program to learn from experienced local and high value and reputable mentors that have built global technology brands that are also very hands-on as would be expected by angel investors.

They have built a curated curriculum of mentors in an over 2 hours sessions every week for 3 months. This is to enable start-ups see over 12 mentors dedicated over 30+ hours of mentoring across all the start-ups, face to face at the iHub, Kenya. Some of the mentors provide technical assistance and can become partners in the business to help in marketing, selling or to connect with the right customers. They also provide links to specific resources, such as the UX design lab to help improve the design or usability of applications.

The Fund’s Accelerator Program deploys relatively small amounts of capital ($25-30,000 to each company in exchange for 12% equity stake) to a cohort of up to 5 start-ups at a time for 3 months.


As part of the investment, there will be a $2,500 program fee that comes out of the investment to cover expenses incorporation, legal and office space. So, net funding is between $22,500 – 27,500 after expenses.

In addition, if a start-up is strong enough at the end of the program, Savannah funds can fast track application to their partner investor 500Startups Accelerator in Silicon Valley which qualifies for $100,000 investment and US re-incorporation.

Eligibility

Applicants will be chosen through an online application and interview process but successful teams should apply with not just an idea but an initial prototype, early customers and revenue.

You are eligible to apply for Savannah Funds if you:

  1. Have a product in the market with some traction and need more resources and partners to scale your ambitions for the long term and global company.
  2. Lack of the connections, and social proof/validation to talk to tech-focused investors.
  3. Want to partner and learn from other entrepreneurs who have done it before and tap their networks for advice so you don’t repeat the same mistakes others have.

Application

Currently, the application for the program is not announced. The date for the next cohort despite not communicated yet can be gotten from their application portal. Simply follow the link and register for their newsletters to get updates.

To Apply or access their FAQ, click here

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Grant opportunities

Federal government business grants

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federal government small business grants

Contrary to popular misconception, Federal government business grants are not free money to fund personal businesses or personal start-up. However, they do offer federal benefit programs to aid families and individuals in becoming self-sufficient.


But, the inquisitive-you asks, “What exactly are Federal Government Grants?”

  • They are government funds that empower projects and ideas to stimulate and boost the economy.
  • They are grants that support critical initiatives, innovative ideas and research, and other programs listed on CFDA (Catalog of Federal Domestic Assistance).

In other words, organizations and institutions with innovative projects that will benefit a section of the population or the nation, in general, are primary recipients of the Federal Government Business grants.

Therefore, the only way you can become a beneficiary of grants from the Federal Government is when you a part of these organizations or sectors.


So, a few of these grants are listed below

  1. Federal Government Business Grants For Agriculture

This grant funds the agricultural sector in Nigeria. So a farmer registered under this association is automatically a beneficiary of this grant. Furthermore, it also supports small businesses intending to develop scientific entrepreneurship and technology around the federation.


However, to be eligible for this grant, you and your organization must strictly stick to the goals and objectives of this grant.

How to Apply

  • Visit grant.gov to get information on accessible locations for the forms.
  • Fill in the necessary and accurate information required by the Federal authority.
  • Submit and wait for feedback.
  1. National Institutes of Health Grant

NIH is a federal government-owned institution that provides funding to small business owners and companies involved in the research and development of innovative medical technologies.

Eligibility

  • Companies or organizations applying for this federal government business grant should be research-based.
  • Furthermore, they should be innovative commercially.

How to Apply

Visit Grants.gov for a detailed guide on application procedures.

Read Also: 5 Easy Single Moms Small Business Grants

  1. YouWin Connect Nigeria

YouWin is an annual Federal Government initiative to fund innovative business enterprises and ideas with the goal of job creation in mind.  Furthermore, it aims at developing and executing those ideas.

Eligibility

  • You must be a Nigerian between the ages of 18-45 years.
  • You must have a post-secondary education
  • A fully detailed business idea with the ability to function in Nigeria and employ Nigerians must be submitted.

How to Apply

  • Register on the YouWin Official Website to get login details.
  • Submit a fully detailed business plan.
  • In addition, stay glued to your email for updates.
  1. Cybertipline Grant

This Federal Government Business grant focuses on empowering small businesses that provide programs to stop human trafficking and child exploitation. Furthermore, the Department of Homeland Security is responsible for the financial obligations.

How to Apply

Visit the online portal to fill out a survey from the Federal Government.

  1. National Institute of Food and Agriculture (NIFA) Grants.

NIFA is a federal-owned agency under the umbrella of USDA (United States Department of Agriculture). This grants, however, focuses on nonprofit organizations, larger businesses, and leadership that tries to advance agriculture.

Furthermore, the agency disburses federal funds to tackle agriculture-related issues affecting the nation. Also, NIFA spins throughout the year, offering different grants to foster healthy competition in the agricultural sector.

How to Apply

Visit Grants.gov for a detailed guide on application procedures.

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