Apply for Nigerian Google Grant (($75 Million) Google, a world-top tech company, has made a giant decision to assist businesses in Nigeria.
Google plans to give a large amount of grant grant $75 million, to Nigerian businesses.
This is a positive and welcome development for the country as it tries to grow its business world.
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Google’s ₦75 Million Hustle Academy Fund for Nigerian Small Businesses
Google has come up with a fantastic way to help small businesses in Nigeria.
They have introduced the Hustle Academy SMB Fund. It’s a big step, with a whopping ₦75 million, to boost these businesses.
Why is this Big News for Nigeria?
Nigeria has lots of small and medium-sized businesses. These businesses are the heart of Nigeria’s money-making world. But, many times, they don’t have enough money to grow.
The World Bank says that small businesses in Africa need about $330 billion. But, getting a bank loan in Africa is hard. Only 25% of small businesses in Africa can get a bank loan, compared to 50% in places with more money.
Google’s Hustle Academy started in 2022. The idea was simple: help these businesses learn more, get advice, and meet other businesses.
The results? Amazing! Over 4,000 small businesses in Nigeria got better with this program. And 74% of them saw their business grow in just one year.
Now, with this new Hustle Academy Fund, Google will pick 15 super-ready businesses. They will get a piece of the ₦75 million, without giving any share of their business to Google.
Plus, they’ll get personal advice to make sure they do great.
Eligibility
If you’re a Nigerian business wanting some of this fund, here’s what you need:
Be Nigerian: Your business should be Nigerian from the start.
Be Young but Not Too New: Your business should be between 1-5 years old.
Have a Plan: You need a clear plan that can grow big.
Love Digital: If your business is digital or wants to be, that’s a plus.
Bonus Point: If you were a part of Hustle Academy before, it might help.
But be quick, because the last day to apply is October 12th.
More information, including application procedures, can be found here.