Nigerian startups can apply for the Sterling Bank Green Innovation Challenge, an exciting opportunity designed to empower businesses at the forefront of sustainability, agriculture, and clean tech innovation. The challenge is open to startups, SMEs, and social enterprises that are committed to driving positive environmental change through innovative solutions.
This year’s edition offers a grant of up to NGN2 million for cleantech and social enterprise initiatives, while ventures in the agricultural sector can access up to NGN20 million in single-digit financing facilities. Additionally, businesses that present viable cleantech projects may qualify for on-lending financing up to NGN1 billion, opening doors to further growth opportunities.
Applications are open until October 20, 2024, and the challenge welcomes projects that focus on areas such as battery recycling, electric vehicle (EV) technology, and conversion of internal combustion engine vehicles (ICE) to EVs. Projects must be in the prototype or demonstration phase and show a clear potential for scaling up.
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Beyond financial backing, participants will also benefit from mentorship, networking opportunities, and access to resources essential for scaling their projects and making a lasting environmental impact.
The Sterling Bank Green Innovation Challenge is a unique platform for Nigerian entrepreneurs to secure funding, grow their businesses, and contribute to a sustainable future. Interested startups can submit their applications and review eligibility criteria before the October 20 deadline.
Deadline: October 20, 2024
Click HERE to apply
