About this opportunity
The Drawbridge Grant is an initiative by ProMoat Capital to support small and medium sized businesses in Nigeria and to connect with promising enterprises. Two businesses will receive grants of 1,000,000 naira and 500,000 naira, a total of 1,500,000 naira. The grants are non-repayable and recipients do not give up any equity in their businesses.
The programme is open to registered Nigerian businesses with paying customers in any sector, including retail, agriculture, manufacturing, services and software. A business must be registered with the Corporate Affairs Commission, either as a business name or as a company, and must generate actual revenue. A dedicated business bank account is not compulsory but counts in the applicant's favour, and it would also be used to receive the grant. Winners can use the funds for stock and inventory, equipment and tools, marketing, hiring staff and other business growth expenses outlined in their applications.
Every application is reviewed by ProMoat Capital's investment team. The online form takes about 20 minutes and does not require a pitch deck or a formal business plan. Shortlisted businesses are contacted for an initial phone or video interview in November 2026, finalists hold a deeper interview in December 2026 covering customers, financial performance and the proposed use of the grant, and the two successful businesses are announced and paid in January 2027. Applications close on 31 October 2026, and ProMoat Capital says the grant will run again for anyone who misses this round.
What you receive
- A 1,000,000 naira non-repayable grant for the first place business
- A 500,000 naira non-repayable grant for the second place business
- No equity surrendered and no repayment obligation
- Funds usable for stock, equipment, marketing, hiring and other growth expenses
- Optional invitation to discuss potential investment with ProMoat Capital, at the business's discretion
Who can apply
- A business operating in Nigeria
- Registration with the Corporate Affairs Commission as a business name or a company
- Paying customers and actual business revenue
- Any business sector, including retail, agriculture, manufacturing, services and software
Who should not apply
- Businesses that are not registered with the Corporate Affairs Commission
Documents to prepare
- A free account on ProMoat Capital's small business platform to track the application
- Plain answers about the business in the online form, which takes about 20 minutes
- No pitch deck or formal business plan document is required
How to apply
- Open the official Drawbridge Grant page on the ProMoat Capital website
- Create a free account on the ProMoat Capital small business platform
- Complete the online application form with accurate business details before 31 October 2026
- Keep a phone line and video call option open for the November 2026 interviews if shortlisted
Selection process
- Stage one is the application submission through the online form
- Stage two is review by the investment team with first interviews by phone or video in November 2026
- Stage three is final interviews with shortlisted finalists in December 2026
- Stage four is the grant award and disbursement to the two successful businesses in January 2027
Sources and verification
Related opportunities
- Orange Corners Nigeria Incubation Programme Cohort 16 for Young Entrepreneurs
Orange Corners Nigeria, implemented by FATE Foundation with support from the Kingdom of the Netherlands, is selecting Cohort 16 of its six month incubation programme for young entrepreneurs aged 18 to 35. Participants get enterprise training, advisory, mentorship and access to up to 30,000 euros in funding support for prototype development and testing.
Questions applicants ask
Does ProMoat Capital take equity for the grant?
No. Both grants are non-repayable and no equity is taken. Any investment conversation is separate and optional.
Do I need a business bank account?
A dedicated business bank account is not compulsory, but it counts in your favour and would be used to receive the grant.
What if I miss the closing date?
The ProMoat Capital website states that the grant will run again.
Important disclaimer
Nextali researches and curates useful opportunities to make discovery easier. Before applying, verify every timeline, requirement, fee and application link on the official provider website. Do your own research into the organisation, its background and the authenticity of the offer. Nextali does not guarantee selection, funding or the conduct of third party providers.
