ProMoat Capital Drawbridge Grant 2026: Two Nigerian Businesses to Receive ₦1.5 Million

Applications are open for the January 2027 cohort of the ProMoat Capital Drawbridge Grant, which will award ₦1.5 million in total funding to two registered Nigerian businesses with paying customers.

The grant is designed to help existing businesses grow. Successful applicants will receive non-repayable funding without surrendering equity in their businesses.

Grant Benefits

Two businesses will receive the following awards:

First prize: ₦1,000,000.

Second prize: ₦500,000.

Total funding: ₦1,500,000.

The grants do not require repayment, and recipients will not give up any ownership stake in their businesses.

The funding can be used for business-growth expenses, including stock, equipment, tools, marketing and staff costs. Applicants must explain how they intend to use the money.

Eligibility Requirements

To qualify for the ProMoat Capital Drawbridge Grant, applicants must:

Operate a revenue-generating business in Nigeria.

Have a business registered with the Corporate Affairs Commission (CAC), either as a business name or a company.

Have paying customers.

Be at least 18 years old and authorised to represent the business.

Businesses from different sectors can apply. The programme does not require applicants to operate in the technology sector or have a long business history, provided their businesses are registered and have paying customers.

A dedicated business bank account is preferred but is not compulsory. However, grant payments can only be made into a bank account held in the business's name or the applicant's name.

Application Process and Selection

Applicants must complete the online application form and create a free account on ProMoat Capital's small-business platform to track their application.

A pitch deck or separate formal business plan document is not required for the initial application.

The selection process comprises the following stages:

Application: Submit the online form by the deadline.

Initial review and interviews: Applications will be reviewed, and shortlisted businesses will be contacted for interviews in December 2026.

Final interviews: Final interviews are scheduled for early January 2027.

Grant awards: The two successful businesses are expected to receive their grants by the end of January 2027.

Applicants should provide accurate information about their businesses, customers, revenue and intended use of the grant.

Is the Grant Repayable?

No. The Drawbridge Grant is a grant, not a loan or an equity investment. Recipients are not required to repay the funding or surrender ownership of their businesses.

ProMoat Capital may separately approach some applicants about potential investment opportunities. Any such discussions are optional and independent of the grant award.

How to Apply

Interested business owners should visit the official grant page, review the requirements and complete the online application.

Application portal: https://www.promoatcapital.com/drawbridge-grant

Application fee: Free.

Application Deadline

30 November 2026

Important information:

The official ProMoat Capital grant page lists 30 November 2026 as the closing date for the January 2027 cohort. Applicants should check the official page for any subsequent updates.

Official Website

https://www.promoatcapital.com/