ProMoat Capital is accepting applications for its Drawbridge Grant, offering two Nigerian businesses ₦1 million and ₦500,000 in non-repayable funding.
The programme is open to businesses operating in Nigeria and registered with the Corporate Affairs Commission (CAC), either as business names or companies. Applicants must be at least 18 and authorised to represent their businesses.
Any business sector can apply. Paying customers are not compulsory, but they improve an applicant’s chances. A business bank account is preferred, not compulsory.
The first winner will receive ₦1 million, while the second will get ₦500,000. The grant is not a loan; winners will not repay it or surrender equity.
Applications close November 30, 2026. Shortlisted businesses will be contacted in December, with final interviews in January. Winners are expected to be paid by January-end. Applying is free, but does not guarantee selection.
How to apply
Visit https://www.promoatcapital.com/drawbridge-grant, provide your business details and CAC registration number, explain your customers and intended use of the grant, then submit before the deadline.