Call for Applications: Drawbridge Grant 2026 Offers ₦1.5 Million to Nigerian Businesses
Nigerian entrepreneurs and small business owners can now apply for the 2026 Drawbridge Grant, an initiative by ProMoat Capital offering a total of ₦1.5 million in non-repayable funding to two selected businesses.
The grant is designed to support existing Nigerian businesses with financial resources to expand their operations, improve productivity, acquire essential equipment and strengthen their market presence.
Unlike conventional business loans, the Drawbridge Grant does not require repayment or equity participation. Successful applicants will retain full ownership of their businesses without surrendering shares to the grant provider.
The programme’s January 2027 cohort will select two businesses to receive financial awards based on their business activities, growth potential and proposed use of the funding.
What the Drawbridge Grant Offers
The initiative will provide a total of ₦1.5 million to two successful businesses as follows:
- First-place winner: ₦1,000,000.
- Second-place winner: ₦500,000.
The funding can be used to support different business expansion activities, including:
- Purchasing goods, stock and inventory.
- Acquiring equipment, machinery and business tools.
- Marketing, advertising and promotional activities.
- Recruiting additional employees.
- Improving business operations and service delivery.
- Other expenses directly connected to business growth.
The grant is non-repayable, and beneficiaries will not be required to give up any ownership or equity in their businesses.
Who Can Apply? (Eligibility Requirements)
The opportunity is open to Nigerian entrepreneurs and business owners operating across different sectors, including agriculture, retail, manufacturing, fashion, food processing, technology, software and professional services.
To qualify, applicants must:
- Operate an existing business in Nigeria.
- Have a business registered with the Corporate Affairs Commission (CAC), either as a registered business name or a limited liability company.
- Be at least 18 years old.
- Be authorised to represent the business.
- Provide accurate information about their business operations, customers and revenue.
- Demonstrate how the grant will support business growth.
Businesses without paying customers can also apply. However, ProMoat Capital indicates that businesses with existing paying customers stand a better chance of being selected.
Having a business bank account is not compulsory at the application stage, but it is an advantage. Successful applicants will receive their grants through a bank account belonging to the business or applicant.
The programme is not restricted to technology startups or businesses in a particular industry. Small and relatively young businesses are also eligible, provided they satisfy the requirements.
Required Information and Documents
Applicants should be prepared to provide the following information during registration:
- Full name and contact details.
- Business name and CAC registration number.
- Business location and sector.
- Description of products or services.
- Monthly business revenue.
- Number of employees or people working in the business.
- Information about target customers.
- Business website or social media links, where available.
- Details of how the grant will be utilised.
Applicants are not required to submit a pitch deck or a separate formal business plan during the initial application.
How to Apply for the Drawbridge Grant 2026
Interested business owners can apply online by following these steps:
- Visit the official application portal: Go to https://www.promoatcapital.com/drawbridge-grant.
- Complete the application form: Provide your personal information, business name, contact details and other requested information.
- Provide your CAC details: Enter your business registration number and select the appropriate business sector.
- Describe your business: Explain the products or services you offer, your target customers and how your business generates revenue.
- Explain your funding needs: Clearly state how you intend to use the grant to expand your business, acquire equipment, increase inventory or improve operations.
- Submit your application: Review your information, agree to the applicable terms and conditions, and submit the completed form.
Applicants will also be required to create a free account on ProMoat Capital’s small-business platform to submit and track their applications.
Selection Process and Important Dates
According to the programme organisers, applications will undergo a review process conducted by ProMoat Capital’s investment team.
The selection process is expected to follow this schedule:
- November 30, 2026: Application deadline.
- December 2026: Application review and initial interviews with shortlisted businesses.
- Early January 2027: Finalist interviews.
- By the end of January 2027: Announcement of successful businesses and grant disbursement.
Shortlisted applicants may be contacted for interviews through telephone or video calls. Finalists will be assessed based on their business operations, customers, revenue and plans for utilising the funding.
Submitting an application does not guarantee selection or funding.
Application Deadline
The deadline for the Drawbridge Grant 2026 is November 30, 2026.
Interested Nigerian entrepreneurs are encouraged to complete their applications before the closing date.
Grant Provider: ProMoat Capital.
Total Funding: ₦1.5 million.
First-place Award: ₦1 million.
Second-place Award: ₦500,000.
Number of Beneficiaries: Two businesses.
Application Fee: Free.
Expected Disbursement: January 2027.
Official Application Link: https://www.promoatcapital.com/drawbridge-grant
Important Note: The Drawbridge Grant is a non-repayable funding opportunity. Winners are not required to surrender equity or repay the money. Applicants should use the official application portal and avoid paying individuals who promise guaranteed selection or special access to the grant.
