“The grant tagged ‘Get Compass’ will provide N2 million each to 5 top businesses, while 10 runners-up will each receive N250, 000.
As part of its initiative focusing on empowering start-ups and their developers in Nigeria, a not-for-profit organisation, Grooming Endowment Trust, has called for applications from business startups to access its Grooming Endowment Trust Grant Programme (GETGP) fund for growth.
The Grooming Endowment Trust was an initiative set up to provide funding for the Centre’s expanding range of Corporate Social Responsibility (CSR) and Sustainable Development Goals (SDG) related initiatives, for the benefit of the Centre’s members and society at large.
According to a statement released by the organisation, the programme aims to give financial assistance and also provide relevant skills that help the beneficiaries to scale up and navigate through the business environment in the country.
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Speaking on the grant, Chairperson of the Grooming Endowment Trust, Adaobi Okafor, added that the programme would also focus on innovative businesses in sectors such as health, education, humanitarian work, social entrepreneurship, and enterprise and community development.
Giving his remark, the spokesman for the organisation, Ayotunde Hassan, noted that the grant is to support small-scale businesses that need credit to scale up financially and improve business processes.
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He said, “The grant tagged ‘Get Compass’ will provide N2 million each to 5 top businesses, while 10 runners-up will each receive N250, 000.
Meanwhile, the grant eligibility is for interested business owners, who are above 18 years, must have a business that has run for about a year and be able to show initiative and possible continuity of business. They must be small-scale businesses that show purpose and need for funding
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