Recognizing the financial constraints many startups and SMEs face, the FGN-ALAT Digital Skillnovation Program provides a unique opportunity for participants to access grants. But these aren't just funds; they're a vote of confidence, an endorsement of the entrepreneurial spirit. The grants are designed to alleviate some of the initial financial burdens startups and SMEs face, allowing them to focus on innovation, scaling, and making a meaningful impact in their respective sectors.
The eligibility criteria for angel investment and VC funding
Business Type: Open to technology-enabled businesses in all sectors of the economy, but priority will be given to businesses in agriculture, retail, housing and property, clean solutions, transportation and logistics, data and infrastructure, privacy and security, and energy innovation
Business Stage:Only businesses at the seed stage and early stage will be considered
Maximum Ticket Size Per Business: $100,000
Maximum Valuation: $2 million post-investment valuation cap
Venture Scalability and Team: The business should demonstrate a scalable solution and possess a team that showcases strong potential, commitment, and dedication
Ethical and Legal Stance: Businesses should align with ethical standards and have no legal constraints or controversies
Participants who meet these criteria stand a higher chance of being connected to angel investment and VC funding opportunities.