Applications are open for the ProMoat Capital Drawbridge Grant 2026. ProMoat Capital is an investment firm focused on small and medium-sized businesses in frontier markets, starting with Nigeria. The grant supports operating Nigerian businesses that want to grow. It is separate from the firm's investment activities, though selected businesses may be invited to discuss a possible investment, at ProMoat's discretion.
Grant Benefits
- First Place: ₦1,000,000
- Second Place: ₦500,000
The grants are non-repayable, and winners give up no equity in their businesses. The funds can go toward:
- Buying stock and inventory.
- Acquiring equipment and tools.
- Marketing and promotion.
- Hiring staff.
- Other growth expenses described in your application.
Key Eligibility Criteria
- Location: Operate a business in Nigeria.
- Registration: Have a business registered with the Corporate Affairs Commission (CAC), either as a business name or a company.
- Revenue: Have paying customers and earn real business revenue.
- Sector: Any sector qualifies, including retail, agriculture, manufacturing, services and software.
- Platform Account: Create a free account on ProMoat Capital's small business platform to track your application.
A dedicated business bank account is not compulsory, but it counts in your favour. It would also be the account that receives the grant.
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How the Selection Works
- Stage 1, Application: Fill in the online form, which takes about 20 minutes. You do not need a pitch deck or business plan.
- Stage 2, First Interviews (November 2026): ProMoat's investment team reviews applications and calls shortlisted businesses for a conversation by phone or video.
- Stage 3, Final Interviews (December 2026): Finalists go through a more detailed interview covering their customers, financial performance and how they plan to use the grant.
- Stage 4, Award (January 2027): The two winners are announced and receive their grants.
How to Apply
Apply through the ProMoat Capital Drawbridge Grant page before October 31, 2026. There are no application fees.
Disclaimer
Edfrica shares opportunities for informational purposes only. Results and outcomes are not guaranteed.
