Apply for BIF 1 Million Grants for Nigeria MSMEs

arewafacJuly 8, 2024

Biodun and Ibikunle Foundation (BIF) supports small businesses and entrepreneurs across Nigeria. They provide asset grants, training and advisory services that empower entrepreneurs and help small businesses scale.

Biodun and Ibikunle Foundation aims to drive the entrepreneurial revolution in Nigeria and Africa through our SEEDINVEST Acceleration Program.

The Biodun and Ibikunle Foundation Grant empowers micro and small businesses with asset grants, entrepreneurial training, and advisory services to help them thrive.

Continue reading to know how you can apply for Biodun and Ibikunle Foundation SEEDINVEST grant for MSMEs

Details About Biodun Ibikunle SEEDINVEST Grant

The SEEDINVEST Acceleration Program empowers micro and small businesses with asset grants, entrepreneurial training, and advisory services to help them thrive.

For each business that succeeds, Biodun and Ibikunle Foundation Grant sees the economic and social returns such businesses will bring. This includes poverty eradication, employment creation, better mental and physical wellbeing, etc

Benefits of Biodun and Ibikunle Foundation SEEDINVEST Grant

2 months intensive acceleration program where you will learn business management skills.

Opportunity to win One Million Naira asset grant for your business.

Eligibility Requirements for Biodun and Ibikunle Foundation SEEDINVEST Grant
To be eligible for the 2024 Biodun and Ibikunle Foundation SEEDINVEST Programme, you;

Must be a registered business with the Corporate Affairs Commission.

Must be operational for a minimum of six (6) months.

Must have a 5 years business plan.
Must have a business account with any of the commercial banks in Nigeria.

Must have a Tax Identification Number (TIN).

Product Certification by relevant regulatory body/bodies must be provided where required.

Business address must be verifiable.

Document Required for Biodun and Ibikunle Foundation Grant

CAC Certificate
Bank Statement
Years Business Plan
How to Apply for Biodun and Ibikunle Foundation Grant
To apply for the Biodun and Ibikunle Foundation Grant, interested and qualified applicants should;

Click on the link here to visit the program’s application webpage https://biodunandibikunle.org/application-form/

You will need to provide detailed information regarding the following aspects:

Full Name
Email Address
Residential Address
Phone Number
Gender (select Male or Female)
Business Name
Business Founder/CEO Name (if different from Full Name)
Background of the Business Founder/CEO (Education history, work/business history, etc)
Reasons for starting the business and the specific problem(s) it aims to solve
Business Sector (choose from Technology, Agriculture, Fashion, Beauty, Food Processing, Transportation/Logistics, Photography, Others)
Specify Industry if “Others” selected above
Year of starting the business
Business Registration Status (Yes/No)
Upload CAC Certificate if registered
Tax Identification Number (TIN)

Business Account Status (Yes/No)
Upload bank statement for current year if business account exists (6 months only)
Upload 5-year business plan
Detailed explanation on why you are applying for the SEEDINVEST Acceleration Programme and how it will benefit your business
List of specific equipment you require support for and reasons for needing this equipment
Current monthly and annual business revenue
Projected monthly and annual revenue if supported with an asset grant
Number of current staff
Social media handles
Consent for the use of your pictures/videos on SEEDINVEST social media channels and website (Yes/No)

Ensure to provide accurate and complete information to increase your chances of being selected for the programme. Good luck with your application!