Drawbridge Grant, January 2027 Cohort

The Drawbridge Grant provides direct financial support to two Nigerian businesses seeking to grow their operations. The January 2027 cohort offers NGN 1 million to one winner and NGN 500,000 to a second winner. The awards are grants rather than loans or equity investments, so recipients do not have to repay the money or surrender ownership of their businesses. Funding can be used for growth-related expenses such as inventory, equipment, tools, marketing or staff. Applicants complete an initial application, after which shortlisted businesses may be invited to interviews covering their customers, financial performance and plans for the funding. Applicants must operate a registered Nigerian business with paying customers. The grant is not available to businesses based solely in Kenya. The official form takes approximately 2–5 minutes and does not require a pitch deck or business plan document. Applications close 30 November 2026.

ProMoat Capital is offering this grant to Registered Nigerian businesses with paying customers across Nigeria. It is designed for ventures working in All Sectors, Manufacturing, Retail at the MSME stage.

The opportunity offers NGN 1,000,000 first place; NGN 500,000 second place, with support including NGN 1,000,000 first-place grant or NGN 500,000 second-place grant, Non-repayable funding with no equity surrender. Applications are scheduled to close on 2026-11-30. Review the eligibility, required materials and application guidance below before continuing to the organiser’s website.

• NGN 1,000,000 first-place grant or NGN 500,000 second-place grant
• Non-repayable funding with no equity surrender

• Registered Nigerian business with paying customers
• Operating in Nigeria; all sectors welcome
• Business bank account counts in the applicant's favour but is not compulsory

1. 1Read the eligibility criteria twice before drafting.
2. 2Quantify your impact — numbers speak louder than adjectives.
3. 3Tell a founder-first story. Panels remember people, not products.
4. 4Submit at least 48 hours before the deadline.