Are you a Nigerian entrepreneur with a scalable business idea? Do you need funding, mentorship, and expert training to take your business to the next level? If yes, SIA Startup Foundry Cohort 2 is here for you!
In partnership with TheNest Innovation Technology Park, the program is designed to empower 50 businesses with financing, mentorship, skill training, and networking opportunities. Additionally, six outstanding startups will have the chance to secure a share of $10,000 in seed funding to kickstart or scale their operations.
What Is Being Offered?
- $10,000 Seed Fund – Six high-potential businesses will receive financial support to scale.
- World-Class Training – Gain hands-on entrepreneurial training from industry experts.
- Mentorship – Learn from top business leaders to refine your strategies.
- Networking & Collaboration – Connect with investors, business mentors, and fellow founders.
- Legal & Administrative Support – Access tools to navigate regulatory landscapes.
- Community Building – Join a thriving network of like-minded entrepreneurs.
Seed Funding Breakdown
- First Prize: $3,000
- Second Prize: $2,000 (Two winners)
- Third Prize: $1,000 (Three winners)
Who Can Apply? (Eligibility Criteria)
To qualify for the SIA Startup Foundry 2025, applicants must:
- Have a business operational for 1-2 years
- Be between 20-35 years old
- Have a scalable, high-growth startup
- Operate a technology-enabled business in healthcare, education, agriculture, renewable energy, recycling, or light manufacturing
- Provide key documentation (see below)
Required Application Documents
- Regulatory ID Card
- Business Plan (including financial projections)
- 3-Month Bank Statement (business or founder’s account)
- Resume
Optional but recommended for better chances:
Reference Letter
Media Reports, Awards, or Recognition
Customer Feedback or Testimonials
Application & Selection Process
Step 1 – Online Application
Apply online by filling out the application form and submitting all required documents.
Step 2 – Video Interview & Pitch Submission
Shortlisted applicants will submit a pitch video and undergo a virtual interview.
Step 3 – Program Participation
4-week online training with expert-led courses.
Step 4 – Demo Day in Lagos
All participants must attend the final pitch event in Lagos to compete for funding.
Application Deadline
Deadline to apply: February 28, 2025
Click HERE to Apply Now!
Related Opportunities You Should Check Out:
The Next Titan Nigeria: Win N50M for Your Startup
Small Business Grants in Africa: Apply for TEF Program 2025
