How to Apply for Brave Lead Firms Grant 2023 | Up to $50, 000

How to Apply for Brave Lead Firms Grant 2023 | Up to $50, 000

How to Apply for Brave Lead Firms Grant 2023 | Up to $50, 000: Business Resilience Assistance for Value-Added Enterprises (BRAVE) Women Program is a 5-year multi-donor fund implemented in Yemen, Nigeria, and Burkina Faso.

BRAVE Women Program focuses on developing and increasing the economic opportunities for female entrepreneurs through skills training aimed at business viability-specific value chains.

It will enhance the bankability, entrepreneurial, and market development skills of female-owned/led Small and Medium Enterprises (SMEs) critical to sustainable local growth and job creation.

What are the product offerings under BRAVE Women Nigeria?

Business Resilience Capacity Building:

train at least 600 SMEs on risk assessment and develop a Business Continuity Plan (BCP).

Business Recovery Support:

Provide matching grant support of $15,000-$50,000 for 500 SMEs and $40,000-$50,000 for Business Associations and Lead Firms.

Value Chain Resilience:

Assistance to firms with functional, process and product upgrades.

See Apply For FG Grant Form 2023 Disbursed Via CBN & World Bank (N2M)

What are the criteria for grant qualifications?

For Women-led/owned MSMEs, Lead Firms, and Business Associations, the qualification criteria differ. Below are a few of those criteria

Women-led/owned SMEs

It is expected that all interested firms must have completed the Business Continuity Training (capacity building training).

Additional selection criteria requires the SME to:

Join and complete the Business Resilience Support training

Prepare and submit their business continuity plans and commitment letters;

Open a new bank account in one of the local partner banks.

Provide a ‘Know Your Client’/KYC statement after opening the master accounts with the local participating banks.

Lead Firms

For firms considering an application under this section, the eligibility criteria require lead firms to be formal businesses that can impact many MSMEs within their value chain. These MSMEs could be producers, distributors, etc. Additional requirements include:

Lead Firms should have commercial linkages with many MSMEs, that are consistent with the program’s target group, e.g. fishers/farmers/beekeepers/health clinics, as either a buyer or suppliers of products and services.

Lead Firms should have the sufficient financial strength to make investments or dedicate resources to business operations that will improve and expand relations with MSMEs, not just as corporate social responsibility but as a part of plans and strategies for their business.

Lead Firms should invest in improved or expanded relations with MSMEs that may only show results over a period of 2-5 years.

Lead Firms should be able to influence other Lead Firms and actors in the value chain in a short timeframe (0-3 years).

Criteria for Business Associations

Business Associations should invest in providing vital market and regulatory information to their members and supporting them to take advantage of opportunities or comply as needed.

Business Associations should have the potential to reduce transaction costs and create economies of scale

APPLY HERE