Applications are currently open for the SEEDINVEST Acceleration Program 2026, an initiative by the Biodun and Ibikunle Foundation (BIF). This program is designed to support Nigerian nano, micro, and small businesses by providing them with comprehensive entrepreneurial training, mentorship, advisory services, and the opportunity to receive asset grants valued at up to ₦5 million. The core objective is to equip promising entrepreneurs with the necessary tools and knowledge to build sustainable and scalable enterprises.
Program Benefits
• Asset Grants: Opportunity to receive business equipment and machinery worth up to ₦5 million. Note that the program provides asset grants, not cash grants.
• Entrepreneurial Training: Access to expert-led training sessions.
• Business Mentorship: Guidance from experienced entrepreneurs.
• Advisory Services: Receive dedicated business support and advisory services.
• Networking: Connect with a community of fellow entrepreneurs.
• Growth Strategies: Learn practical strategies to effectively grow and scale business operations.
Eligibility Criteria
• Nationality: Must be a Nigerian entrepreneur.
• Business Registration: The business must be registered with the Corporate Affairs Commission (CAC).
• Operational History: The business must have been in operation for at least one year.
• Age Requirement: Applicants must be between 22 and 45 years old.
• Banking: Must have a business account with a commercial bank.
• Tax Compliance: Must possess a valid Tax Identification Number (TIN).
• Business Location: Must have a verifiable business address.
• Certifications: Must provide relevant product certifications where applicable.
Program Structure
Shortlisted applicants will engage in a 6-week online acceleration program that includes the following components:
• Virtual masterclasses
• Business development training
• Mentorship sessions
• Advisory support
• Assessment for asset grant awards
Eligible Businesses
• The program is sector-agnostic, welcoming entrepreneurs from all industries to apply, provided they meet the specified eligibility requirements.
Application Details
• Application Deadline: Applications are scheduled to close on July 24, 2026, or when the application window is filled. Early applications are encouraged.
• How to Apply: Interested entrepreneurs can find more information and submit their applications through the official program portal.
The SEEDINVEST Acceleration Program aims to address critical challenges faced by many Nigerian SMEs, such as limited access to essential equipment, mentorship, and business support. By integrating practical entrepreneurship training with asset-based funding, the initiative seeks to help businesses enhance productivity, foster job creation, and contribute to the economic growth of Nigeria.