The highly anticipated Small Business Annual Grant program, an initiative of Kilsah Consulting in partnership with MSME Africa, has successfully completed its initial application phase and is now moving forward with 50 selected businesses to the boot camp stage.
The grant program, launched on November 9, attracted a remarkable number of applications, showcasing the vibrant entrepreneurial spirit within Nigeria’s small business community. Receiving over 500 applications from various industries, including agriculture, education, health, beauty and lifestyle, creative, manufacturing and retail, and the service sector.
After a rigorous review process, the Grant Committee carefully selected 50 candidates who demonstrated exceptional business potential and a strong need for financial support to scale their operations. “We were blown by the number and calibre of applications we received,” said a member of the Grant Committee. “It’s evident that Nigeria is brimming with innovative and determined entrepreneurs who are driving economic growth in the country.”
The selected business owners will now embark on a virtual boot camp designed to provide them with comprehensive training and mentorship. This intensive program will equip them with the necessary skills and insights to refine their business models, enhance their marketing strategies, and strengthen their financial management practices. “The boot camp is an integral part of the grant program,” said another member. “We believe that providing these aspiring entrepreneurs with the right tools and guidance will significantly increase their chances of success.”
Following the boot camp, 10 outstanding businesses will be invited to the final pitching and award ceremony, where they will present their business plans to a panel of distinguished judges. The top 3 businesses will share a total prize pool of ₦2.2 million, providing them with the financial support to propel their ventures to new heights. “We are committed to fostering a supportive ecosystem for small businesses in Nigeria,” said the representative of MSME Africa. “Through this grant program, we aim to identify and empower promising entrepreneurs who will contribute to the nation’s economic prosperity”, added the KilSah Consulting representative.
The Small Business Annual Grant program is a testament to the unwavering commitment of Kilsah Consulting and MSME Africa to nurturing and empowering Nigeria’s entrepreneurial landscape. By providing financial assistance, training, and mentorship, the program paves the way for a brighter future for the country’s small businesses.
