The Drawbridge Grant 2027: ₦1,000,000 for Nigerian Businesses, No Equity, No Repayment
If you run a registered Nigerian business with real, paying customers, the Drawbridge Grant is worth 20 minutes of your time. It's a straightforward cash grant, no equity, no repayment, from an investment firm using the grant to meet promising small businesses early. ProMoat Capital is giving two grants this January: ₦1,000,000 and ₦500,000. You don't pay it back, and the firm doesn't take any part of your company. If you run a registered Nigerian business with paying customers, you can apply. Applications close October 31, 2026. What Is the Drawbridge Grant? ProMoat Capital invests in small and medium businesses in Nigeria. To invest well, they need to meet good businesses early, and the best ones are usually busy working, not looking for investors. The grant is explicitly described as how the firm meets them. Every application is read by the investment team. Two businesses get the grant, and if the firm likes what you're building, they may also talk to you about inves...