Nigerian entrepreneurs and small to medium-sized enterprises (SMEs) are being called upon to submit their applications for the Sterling Bank Green Innovation Challenge. This initiative is focused on providing financial support to businesses that are actively involved in creating innovative solutions within the agricultural sector, clean technology, or social enterprises that are committed to fostering sustainability and positive environmental impact.
The challenge is specifically targeting those who are at the forefront of developing startups, SMEs, or various business models that prioritize innovation, ecological sustainability, and contributing to environmental betterment.
For those ventures operating within the clean technology and social enterprise sectors, the Sterling Bank Green Innovation Challenge is offering grant funding of NGN2 million, which is equivalent to approximately US$1,200. This grant is intended to help these businesses scale their operations and increase their impact.
Moreover, a substantial financial facility of NGN20 million, roughly US$12.2 million, is being made available for businesses that fall under the agriculture category. This larger sum of money is aimed at supporting agricultural enterprises that demonstrate a strong potential for innovation and sustainability, enabling them to expand their activities and contribute significantly to the green economy.
The challenge presents a valuable opportunity for Nigerian businesses that are aligned with the goals of environmental stewardship and innovation to receive a financial boost and recognition for their efforts in contributing to a greener future.
Applications are open here until October 20.
