Google has recently announced a golden opportunity for Nigerian entrepreneurs. The tech giant has opened applications for its ‘Hustle Academy SMB Fund’, a N75 million equity-free fund aimed at amplifying the ambitions of small and medium-sized businesses (SMBs).
What is the Hustle Academy SMB Fund?
The Hustle Academy SMB Fund is an initiative by Google that offers N5 million to 15 Nigerian small business owners. The fund is equity-free, meaning businesses do not have to give up any ownership stake in their company to receive the funding.
“The Hustle Academy Fund is a testament to the resilience and innovation of Nigerian small businesses, which are the backbone of our economy. We are hopeful that this fund will further empower them to succeed and drive economic growth, creating jobs and opportunities for all Nigerians.”
Who Can Apply?
To be eligible for the fund, businesses must meet the following criteria:
- Be Nigerian-founded
- Have been operating within Nigeria for one to five years
- Have a clear and scalable business plan
- Operate in sectors aligned with the digital economy or have a digital enablement strategy
While not mandatory, previous participation in the Hustle Academy programme would be an added advantage.
How to Apply?
Applications for the fund opened on September 28, 2023, and will close on October 12. Interested businesses should have a track record of commitment to growth.
Why Should You Apply?
The Hustle Academy Fund provides SMBs with the resources and support they need to succeed. With equity-free funding, mentorship, and opportunities for increased visibility and networking, this is indeed a great opportunity for Nigerian entrepreneurs!
So, if you’re a Nigerian entrepreneur looking to scale your business, don’t miss out on this opportunity. Apply for Google’s Hustle Academy SMB Fund today!