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Female Founders Growth Program for Nigerian Entrepreneurs

Female Founders Growth Program for Nigerian Entrepreneurs is an exciting opportunity for women-led tech start-ups in Nigeria. It’s a 6-week virtual accelerator and investment readiness program designed to empower female entrepreneurs. The program offers mentorship, training, and networking opportunities to help female-led tech companies raise capital and grow their businesses.

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Table of contents

What Female Founders Growth Program for Nigerian Entrepreneurs is all about

Female Founders Growth Programme is a great initiative under the FSDH Women in Business government in Nigeria empower women-led businesses to thrive through access to the right information, opportunities, and networks.

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The program offers selected startups a customized learning experience, with a strong focus on enhancing their business models, refining their fundraising strategies, and preparing them for investor engagement by setting up robust data rooms. Additionally, participants will undergo intensive training sessions covering financial management, optimizing cash flow, and honing their readiness for both equity and debt funding.

Program Overview

Female Founders Growth Program for Nigerian Entrepreneurs overview

LevelEarly Stage (Pre-seed or Seed)
Minimum AgeNo specific age requirement.
Required GPANot applicable.
Eligibility CountryNigeria.
GenderFemale founders or co-founders.
Race/EthnicityNot specified.
Scholarship DeadlineApplication deadline is October 6th, 2023.

Requirements for Female Founders Growth Program for Nigerian Entrepreneurs

To be eligible for the program, startups need to meet the following criteria: 

  • Have a female founder or co-founder (at least one female needs to be on the founding team) 
  • Have a Minimum Viable Product and some initial users. 
  • Achieved annual revenues between $50,000 and 1 million. 
  • Received less than $500,000 in funding. 
    Been in operation for more than a year, but less than 5 years. 
  • Be a technology or technology-enabled business in any sector 
  • Be an early stage (pre-seed or seed) company seeking to raise an institutional round of funding to develop their product to the next stage of growth. 

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Benefits of this scholarship

Successful participants in Female Founders Growth Program can receive a non-equity grant of $10,000. Additionally, they have the potential to secure funding from participating investors in the program.

Plus,

  • Access to a qualified, experienced faculty via the Masterclasses and Mentoring Sessions. 
  • Access to IFC’s Financial Management Training Programme 
  • Non-equity grant of $10,000 
  • Access to Community and Support from peer founders. 
  • Access to a Community of leading entrepreneurs. 
  • Access to Funding and Investment opportunities. 

5 Facts about this program

  1. The Female Founders Growth Programme is aimed at supporting female-led tech start-ups in Nigeria.
  2. It offers a 6-week virtual program with mentorship, masterclasses, and an investor pitch day.
  3. Participants have access to a community of leading entrepreneurs, funding opportunities, and a $10,000 non-equity grant.
  4. The program encourages early application submissions and reviews applications on a rolling basis.
  5. It’s a valuable opportunity for women entrepreneurs seeking to raise institutional funding and take their tech businesses to the next level.

How to apply.

Applicants are advised to continue to check from time to time for new application deadline. Visit Female Founders Growth Programme for more details.

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