Applications are open for the ProMoat Capital Drawbridge Grant, which supports registered Nigerian businesses with non-repayable funding. Two selected businesses will receive ₦1 million and ₦500,000 respectively.
The funding can help businesses expand, purchase equipment, market their products, hire staff and meet other growth needs.
ProMoat Capital Drawbridge Grant Overview
The programme is run by ProMoat Capital to support small and medium-sized businesses in Nigeria. It is open to businesses in sectors such as retail, agriculture, manufacturing, services and software.
Furthermore, selected applicants may have an opportunity to discuss potential investment with ProMoat Capital. However, the grant itself is separate from any investment arrangement.
Who Can Apply for the ProMoat Capital Drawbridge Grant 2026?
Applicants must meet these requirements:
- Operate a business in Nigeria.
- Have a business registered with the Corporate Affairs Commission (CAC).
- Have paying customers.
- Generate actual business revenue.
- Operate in any business sector.
Also, a dedicated business bank account is not compulsory. However, having one can support an application and may be used to receive the grant.
What Does the Grant Cover?
The programme provides a total of ₦1.5 million to two businesses:
- First place: ₦1,000,000
- Second place: ₦500,000
The funding is non-repayable. In addition, recipients do not give up equity in their businesses.
Businesses can use the funds for:
- Stock and inventory
- Equipment and tools
- Marketing and promotion
- Staff hiring
- Other business growth expenses included in the application.
Academic Requirements
There are no academic requirements stated in the supplied source. The eligibility information focuses on business registration, customers, revenue and operating in Nigeria.
Required Documents and Information
The source does not provide a specific document checklist.
However, applicants will need to provide information about their business during the application and later interview stages. The final interview will cover customers, financial performance and how the grant would be used.
How to Apply for the ProMoat Capital Drawbridge Grant 2026
The application process has four stages:
1. Submit an application
Complete the online form. The application takes about 20 minutes. A pitch deck or formal business plan is not required.
2. Application review
In November 2026, the investment team will review applications and contact shortlisted businesses for an initial phone or video interview.
3. Final interview
In December 2026, finalists will discuss their customers, financial performance and proposed use of the funding.
4. Grant award
The two successful businesses are expected to be announced and receive their grants in January 2027.
Application Deadline
The supplied source does not state a specific application deadline. Therefore, applicants should check the official application portal for the current closing date before submitting.
Official Application Link
Applicants can apply through the official ProMoat Capital Drawbridge Grant portal:
Key Benefits for the ProMoat Capital Drawbridge Grant 2026
The main benefits include:
- Up to ₦1 million in non-repayable funding.
- No equity surrender.
- Funding for business growth.
- Support for inventory and equipment purchases.
- Funding for marketing and staff hiring.
- A simple online application process.
- No pitch deck or formal business plan required.
Therefore, Nigerian businesses that already have customers and generate revenue can review the requirements and submit an application through the official portal.
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