The Drawbridge Grant: January2027 Cohort.
All Information
The Drawbridge Grant is a non-repayable business grant for Nigerian entrepreneurs who already operate registered businesses with paying customers. The January 2027 cohort will award two grants to businesses seeking to expand their operations. Unlike an investment, the grant does not require the recipient to surrender company equity or repay the funds. Winners can use the money for business growth expenses such as inventory, equipment, tools, marketing and staff. Applications are reviewed by ProMoat Capital's investment team, with shortlisted businesses expected to participate in interviews in December 2026 and final interviews in early January 2027. The winners will be announced and funded by the end of January 2027.
Requirements checklist
- 01
Must operate a business in Nigeria.
- 02
Must have a business registered with the Corporate Affairs Commission (CAC), either as a business name or a company.
- 03
Must have paying customers; a large turnover or long operating history is not required.
- 04
Must provide business information, including the business name, registration number, sector and location.
- 05
Must disclose monthly revenue and team size.
- 06
Must explain what the business does, who its customers are and how the grant will be used.
- 07
A business bank account is not compulsory but counts in the applicant's favour.
- 08
A pitch deck and formal business plan document are not required for the initial application.