ProMoat Capital, an investment firm that backs small and medium businesses in Nigeria, is giving away ₦1.5 million in grants to two Nigerian businesses through the Drawbridge Grant. The money is not a loan and not an investment: you don’t pay it back, and ProMoat takes no share of your business.
This round is for the January 2027 cohort. Applications close on 30 November 2026, and the form takes only 2 to 5 minutes. You don’t need a pitch deck or business plan.
At a Glance
| Organiser | ProMoat Capital |
| Grants | ₦1,000,000 (first place) and ₦500,000 (second place) |
| Repayment or equity | None |
| Who can apply | CAC-registered businesses operating in Nigeria, in any sector |
| Deadline | 30 November 2026 |
| Winners announced | January 2027 (grants paid by the end of January) |
Benefits
- ₦1,000,000 for the first-place business and ₦500,000 for second place
- No repayment and no equity taken
- Use the money for anything that grows the business: stock, equipment, tools, marketing or staff
- Every application is read by ProMoat’s investment team, so strong businesses may also be approached about investment later. That conversation is separate from the grant and entirely your choice.
Eligibility
- Your business must operate in Nigeria. All sectors are welcome, including shops, farms, factories, services and software.
- It must be registered with the CAC, either as a business name or a company. You’ll need your CAC registration number to apply.
- Paying customers are not required, but ProMoat says businesses that have them stand a higher chance of being selected.
- A business bank account isn’t compulsory, but it counts in your favour, and it’s where the grant would be paid.
- Small or young businesses can apply. ProMoat says it cares more about whether the business is real than how big or old it is.
Selection Timeline
| When | What happens |
|---|---|
| Now to 30 November 2026 | Applications open |
| December 2026 | Review and first interviews (phone or video) with shortlisted businesses |
| Early January 2027 | Final interviews about your customers, numbers and plan for the money |
| January 2027 | Winners announced and both grants paid |
How to Apply
- Have your CAC registration number ready.
- Open the official Drawbridge Grant page (link below) and fill in the short form: your contact details, business name, sector, state and LGA, monthly revenue range, team size and whether you have a business bank account.
- In plain words, explain what your business does and who your customers are, and how you would use the grant.
- Submit by 30 November 2026. Submitting creates a free account on ProMoat’s small-business platform, Habaqa, where you can track your application.
Apply for the Drawbridge Grant (official ProMoat Capital page)
Stay safe: the grant is free to apply for. Never pay anyone who claims they can help you win it.
Tips for a Strong Application
- Be specific about the money. “₦600,000 for a second freezer, ₦400,000 for stock” is stronger than “to grow my business”.
- Mention real customers and sales, even if they’re small.
- Write simply. ProMoat says plain answers are fine, written the way you talk.
- Prepare for the call. Know your monthly sales, costs and who your customers are.
Missed this round? ProMoat says the grant will run again, and the next round will be announced on its website.
