Empowering Sustainability and Innovation
Sterling Bank has opened applications for its Green Innovation Challenge, a competitive initiative offering grant funding to Nigerian startups driving impactful solutions in agriculture, cleantech, and social enterprise sectors. The challenge seeks to support ventures that are building sustainable business models dedicated to innovation, environmental change, and social impact.
Targeting Startups in Key Growth Sectors
The challenge is specifically designed for startups, small and medium enterprises (SMEs), or other business models that are actively working to address pressing issues in cleantech, agriculture, or social impact spaces. Sterling Bank aims to boost ventures that are tackling sustainability challenges through innovative approaches in these key sectors, ensuring that entrepreneurs have the resources they need to make a difference.
Grant and Funding Opportunities for Entrepreneurs
Selected startups in the cleantech and social enterprise categories will be eligible for NGN2 million (approximately US$1,200) in grant funding. This financial support is intended to help ventures scale their operations and enhance their impact on sustainability and social innovation.
For startups in the agriculture space, the challenge offers even greater support with a NGN20 million (US$12.2 million) funding facility. This category is designed to empower agri-tech and agriculture-focused businesses, helping them drive transformation in one of Nigeria’s most vital economic sectors.
Application Process and Deadline
Nigerian startups and SMEs interested in participating in the Green Innovation Challenge can submit their applications through the designated portal. The deadline for applications is October 20, giving innovators a limited window to apply for the opportunity to access critical funding and mentorship.
A Step Toward Sustainable Growth
Sterling Bank’s Green Innovation Challenge presents a valuable opportunity for Nigerian entrepreneurs to secure the resources needed to scale their ventures. By focusing on agriculture, cleantech, and social enterprise, the challenge is driving sustainable growth and supporting innovations that are aligned with Nigeria’s environmental and social development goals. Startups with bold, impactful ideas are encouraged to apply and join the movement towards a greener future.
