See How To Apply For FG Start-up Support Fund

Start-up businesses in Nigeria today are enjoying benefits and privileges that most start-ups in the past did not enjoy.

These modern-day businesses are enjoying both international and local grants of support to keep them going.

If you are one of those searching for information on how to benefit from the Nigerian government’s Start-up Support Fund.

Then you are in the right place.

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Indeed, the Minister of Communications, Dr Bosun Tijani, has announced that the federal government has launched the Startup Support and Engagement Portal.

Tijani made this known via his X account.

He wrote: “The startup portal will drive the identification and aggregation of Nigerian startups, and venture capital companies.

“It will also facilitate engagement and support for ecosystem players”.

5 Crucial Steps To Apply For Start-up Support

Here’s a step-by-step procedure to register:

1.     Visit http://startup.gov.ng
2.     Scroll down the page to reveal the options for Startups, Angel Investors, Venture Capitalists or Accelerators, Innovation Hubs, and incubators.
3.     Select Startups

• Criteria to enroll:
• Be a limited liability company registered under the Companies and Allied Matters Act (CAMA).
• Be a company existing for less than ten years from incorporation.
• Have objects focused on innovation, development, production, improvement, and commercialisation of a digital technology innovative product or process.
• Be a holder or repository of a product or process of digital technology or the owner or author of a registered software.
• Have at least one-third of local shareholding held by one or more Nigerians as founder or co-founder of the startup.
• Satisfy the conditions set out in the Act for a sole proprietorship or partnership.
• Be a tech-enabled business that uses existing tools, platforms, libraries, and frameworks to make a company or a solution more efficient or effective.

4.     Enter the following details:

• RC Number (Unique CAC identification number)
• Company Name
• Year of Incorporation
• Industry (type)
• Media

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• Start-Up description
• Company Email
• Company Address
• Company website
• Founder’s Full Name
• First Name + Last Name
• Founder’s Email Address
• Founder’s Phone Number

Founder’s means of Identification (BVN or NIN)

5.     Click ‘Submit’ and you may need to back-up with prayers.