Link to Apply FGN-ALAT Digital SKILLNOVATION Program | fg-skillnovation.alat.ng
Link to Apply FGN-ALAT Digital SKILLNOVATION Program | fg-skillnovation.alat.ng: The Federal Government in collaboration with Wema Bank is calling on youth who are passionate about tech skills, to apply for the ongoing FGN-ALAT Digital SKILLNOVATION Program
For clarity, the FGN-ALAT Digital SKILLNOVATION program is aimed at training 2 million young Nigerians and equip 1 million small businesses with the digital skills and knowledge they need to thrive in the modern world.
FG has opened its portal to trained youth in tech, digital and innovative technology and SME, this will be a game changer in Nigeria’s history in technological advancement and innovative skills among young people
If you are a tech enthusiast, job seeker, tech professional, aspiring entrepreneur, or a future digital pioneer, find all the details you need to register for the great and life-changing program
The program plans to provide funds for SMEs and tech, after training, you have the option to access funds for support and start-up, applicants are to note that, the application is entirely free and applicants are selected based on criteria
FGN-ALAT Digital Skill Novation Programs
The program is divided into 5 segments, namely;
Training
Guiding growth through shared knowledge and experience
Business Incubation
Fostering startups for success –
HANDS-ON LEARNING
Explore our learning program where theory meets practice
COMMUNITY OF LEARNERS
Join our vibrant community of learners and mentors who inspire growth.
EXPERT-LED WORKSHOPS
Explore our workshops led by industry experts and thought leaders.
Mentorship
Grow and develop your skills with the best mentorship
INNOVATION HUB
Step inside our innovation hub, where groundbreaking ideas are turned into viable businesses.
TAILORED SOLUTIONS
See how our customized solutions cater to the specific challenges and goals of each startup
SUSTAINABLE GROWTH
Learn how we help startups build strong foundations for sustainable growth and long-term success.
Connecting products, expanding reach
Grants
Funding for innovative ideas – Recognizing the financial constraints many startups and SMEs face, the FGN-ALAT Digital Skillnovation Program provides a unique opportunity for participants to access grants.
See RRR Grant Update | October, November, December Payment 2023
The Eligibility Criteria For Grants
SECTOR FOCUS: Open to tech-enabled businesses in any sector of the economy, with the priority sectors being agriculture, retail, housing and property, clean solutions, transportation and logistics, data and infrastructure, privacy and security, and energy innovation
GRANT AMOUNT:
Applicants can get up to N500,000 in grants
DEVELOPMENT STAGE:
The business should be in its early stages, showing promise for scalability and impact
OPERATIONAL MARKETS: $100,000
MAXIMUM VALUATION:
The business must be operational in Nigeria and its product or service must be targeted at the Nigerian market
Team Assessment:
There should be evidence of a strong, committed team behind the business, possessing the potential to execute the business idea and plan effectively
Ethical And Legal Standards:
Businesses must adhere to high ethical standards and comply with relevant legal regulations in their operations
Participants who meet these criteria stand a higher chance of being connected to grant opportunities. However, please note that there will be a transparent and competitive process to determine the beneficiaries.
The Eligibility Criteria For Loans
SECTOR FOCUS: Open to tech-enabled businesses in trade and commerce, healthcare, education, agriculture, and clean energy
LOAN REQUIREMENT:
Applicants can get loans of up to N5 million
BUSINESS STAGE:
The business should be in its early to mid-stage, demonstrating some track record and potential for growth
OPERATIONAL MARKETS:
The business must be based in or primarily serve the Nigerian market
REPAYMENT CAPACITY:
Evidence of a stable revenue stream or a solid business plan projecting the ability to repay the loan within the stipulated time
CREDIT HISTORY:
A satisfactory credit history or, for newer businesses, a personal credit check of the founders may be required
COLLATERAL OR GUARANTEES:
Depending on the loan size and terms, some form of collateral or personal guarantees might be required
ETHICAL AND LEGAL STANDARDS:
Businesses must operate with integrity, adhering to the relevant laws and regulations of their industry and region
Participants who meet these criteria stand a higher chance of being given loans. However, please note that there will be a transparent and competitive process to determine the beneficiaries.
The Eligibility Criteria for Angel Investment And VC Funding
BUSINESS TYPE: Open to technology-enabled businesses in all sectors of the economy, but priority will be given to businesses in agriculture, retail, housing and property, clean solutions, transportation and logistics, data and infrastructure, privacy and security, and energy innovation
BUSINESS STAGE:
Only businesses at the seed stage and early stage will be considered
GEOGRAPHIC MARKET: Nigeria
MAXIMUM TICKET SIZE PER BUSINESS: $100,000
MAXIMUM VALUATION:
$2 million post-investment valuation cap
VENTURE SCALABILITY AND TEAM:
The business should demonstrate a scalable solution and possess a team that showcases strong potential, commitment, and dedication
ETHICAL AND LEGAL STANCE:
Businesses should align with ethical standards and have no legal constraints or controversies
Participants who meet these criteria stand a higher chance of being connected to angel investment and VC funding opportunities.