Call for SIA Foundation’s Startup Foundry 2026 is open now!!!
SIA Startup Foundry is an incubator program that provides businesses with a conducive environment to develop their ideas, refine their business models, and bring their visions to life. . SIA Foundation’s Startup Foundry is poised to transform 50 businesses in 6 months. They offer financing, mentorship, skill training, and networking opportunities to drive business challenges and amplify Nigeria’s entrepreneurial vibrancy.
The entrepreneurial spirit of Nigerians is undeniable. With a booming economy and an influx of innovative startups, there’s a palpable energy and drive towards progress and growth. Yet, these bright ideas and ventures often face roadblocks – from financial constraints to skill deficits and infrastructural challenges.
Get the Youth Opportunities iOS App here for the fully-funded opportunities.
In their commitment to turning dreams into reality, they are also setting up a seed fund. Six outstanding businesses will have the opportunity to secure a portion of a $10,000 seed fund, providing them with the much-needed boost to kickstart or scale their operations.
If you believe your idea has the potential to revolutionize the market, now is your chance! Dive in, and let them be the wind beneath your wings.
Terms and conditions apply.
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1. Youth Opportunities: https://m.me/j/AbZTmgEzD1UchDte/
2. Fully Funded Conferences: https://m.me/j/AbZTfhFTiPCnXf2D/
3. Full Scholarships: https://m.me/j/AbbrjbkOMM6I68Cs/
4. Paid Internships/Jobs: https://m.me/j/AbaAskb6jFFnRser/
5. Circle: https://m.me/j/AbY0vVKSPJULUnE4/
Objectives:
- To provide mentorship and guidance to businesses to help them develop their ideas into viable business ventures.
- To provide access to resources such as funding, advice, workspace, and networking opportunities to help businesses grow.
- To help businesses improve their operations and scale up their business models.
- To identify potential successful businesses and award them with seed funding to help them accelerate their growth.
Outcome for the 50 businesses:
- Increased likelihood of success: With access to funding, mentorship, training, and other resources, the 50 businesses are more likely to succeed than if they were operating on their own.
- Business growth: The incubator program can help businesses grow by providing them with the resources they need to expand and scale their operations.
- Improved skills and knowledge: Through formal training, mentorship, and networking opportunities, the 50 businesses can acquire new skills and knowledge that can help them succeed in the long term.
- Access to investors: Demo days and other events can provide businesses with opportunities to showcase their products or services and connect with potential investors.
Location:
NigeriaBenefits
- Seed Fund: Six exceptional businesses will benefit from our $10,000 seed capital. The allocation is as follows: First Prize: $3,000, Second Prize: two businesses $2,000 each and three additional awards: $1,000 each
- 50 entrepreneurs to partake in a World-class training.
- Mentorship: Navigate your startup journey with insights from industry maestros.
- Connect & Conquer: Network, learn, and grow with the best in the business.
- Legal & Admin Toolkit: Participants will have access to legal and administrative support to navigate the complex regulatory landscape and access product development support.
- Community: Join a tribe of entrepreneurs that you can share, collaborate, and evolve with.
Eligibilities
- Scalability and growth potential: The business should show high growth potential, as evidenced by the submission of the following documents:
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- Snapshot of customer feedback/ testimonials and reviews (proof or links can be shared).
- Submission of a Business Plan, which includes detailed financial projections
- A 3-month statement for the business account /founders account showing transactions related to the business
- Market Potential: Validation will be derived from the business plan summary – market size, industry trends, target market, and competitive analysis.
- Founder’s Track Record: To be evaluated through Resumes, Reference Letters, and if available, media reports, awards, or other recognition, which will be submitted as part of support documents.
- Uniqueness of the business idea
- Business Tenure: The business must be operational for 1-2 years
- Founder’s Age: Founder’s age must be between 20- 35 years
Focus areas –Technology-enabled business in healthcare, education, agriculture, light manufacturing, renewable energy, and recycling.
Application Process
- Online Application Support documents required;
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- Regulatory ID Card
- Business Plan
- Bank Statement for the last 3 months.
Optional but gives the candidate an advantage
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- Reference Letter
- Media reports, recognition or awards
- Customer feedback or testimonials
- Video Interviews:
- Pitch Video submission
