The United Nations Development Programme Nigeria invites applications for the Nigeria Growth Stage Impact Ventures Programme for SDGs in 2023.
The Growth Stage Impact Ventures (GSIV) Programme identifies through a highly competitive process enterprises from developing countries that have developed products and services at scale. These are products and services that contribute to the SDGs while achieving commercial success and are committed to embed impact considerations into decision-making. By showcasing and supporting these ventures, UNDP aims to bring forward evidence of the existence of pipelines of investable ventures. These are ventures that can advance the transition to SDG-aligned investment in developing countries.
Worth of Award
- Ventures selected as finalists will be endorsed by UNDP and will receive capacity building and training to improve their impact management. It will also enhance their investment readiness and core business areas.
- Additionally, finalists will be given exposure and be directed towards opportunities for accessing financing from among the network of partners of the GSIV. This includes UNCDF’s funding mechanisms.
- Moreover, UNDP will extend to all finalist ventures an invitation to attend and pitch their solutions during a UNDP event, the International Investment Forum. This is organized in collaboration with the Impact Investment Foundation in Nigeria, in late 2023. This will be an occasion to meet the investor community and discuss partnerships and investment opportunities.
Eligibility
- This Call for Nominations aims to promote the development of the private sector in Nigeria. Only ventures with substantial operations in Nigeria, with a management team and workforce primarily based in Nigeria. It will provide products and services mostly in Nigeria and other African countries, are eligible.
- Eligible ventures, which should be seeking partners (technical, financial, or other) to grow, will be evaluated according to a business model criteria. This criteria will cover their impact, financial record, investment, innovation, team profile and scalability.
- The programme aims to identify and aggregate a pool of partnership and investment-ready enterprises within the sectors that help advance the SDGs in the country. Only enterprises operating in one of the following seven sectors will be considered for the selection process:
- Food & Agriculture,
- Renewable Resources and Alternative Energy,
- Infrastructure, Technology and Communication,
- Health Care, Consumer Goods and Services.
How to Apply
Apply for the Nigeria Growth Stage Impact Ventures online via the official website.
Deadline: February 28th, 2023 – 11:59 p.m. (GMT+1) Nigeria.
Click here for more details and to apply
Click here to access the application link.