SIA Foundation Start Up Foundry 2026 ($10,000 seed capital) – YOA

Deadline: Ongoing

Applications are open for the SIA Foundation Start Up Foundry 2026. SIA Startup Foundry is an incubator program that gives companies with a conducive surroundings to develop their concepts, refine their enterprise fashions, and convey their visions to life.

The entrepreneurial spirit of Nigerians is plain. With a booming economic system and an inflow of progressive startups, there’s a palpable power and drive in direction of progress and development. Yet, these brilliant concepts and ventures typically face roadblocks – from monetary constraints to ability deficits and infrastructural challenges.

In the Foundation’s dedication to turning goals into actuality, they’re additionally organising a seed fund. Six excellent companies may have the OPPORTUNITY to safe a portion of a $10,000 seed fund, offering them with the a lot-wanted enhance to kickstart or scale their operations.

If you imagine your concept has the potential to revolutionize the market, now’s your likelihood! Dive in and let this be the wind beneath your wings.

Benefits

• Seed Fund – Six distinctive companies will profit from the $10,000 seed capital. The allocation is as follows: First Prize: $3,000, Second Prize: two companies $2,000 every and three extra awards: $1,000 every
• 50 entrepreneurs to partake in a World-class coaching.
• Mentorship – Navigate your startup journey with insights from trade maestros.
• Connect & Conquer – Network, study, and develop with the most effective within the enterprise.
• Legal & Admin Toolkit- Participants may have entry to authorized and administrative help to navigate the complicated regulatory panorama and entry product improvement help. 
• Community- Join a tribe of entrepreneurs you could share, collaborate, and evolve with.

Eligibility

• Scalability and development potential – Business ought to present excessive development potential as evidenced by the submission of the next paperwork:
  • Snapshot of buyer suggestions/ testimonials and evaluations (proof or hyperlinks will be shared).
  • Submission of a Business Plan which incorporates detailed monetary projections
  • A 3-month assertion for the enterprise account /founders account displaying transactions associated to the enterprise
• Market Potential – Validation can be derived from the marketing strategy abstract – market dimension, trade tendencies, goal market and aggressive evaluation.
• Founder’s Track Record: To be evaluated by Resumes, Reference Letters and if accessible, media stories, awards or different recognition, which can be submitted as part of help paperwork.
• Uniqueness of the enterprise concept
• The enterprise should be operational for 1-2 years
• Founder’s age should be between 20- 35 years

Application

• Online Application: Support paperwork required;
  • Regulatory ID Card
  • Business Plan
  • Bank Statement for the final 3 months.
  • Optional however provides the candidate a bonus:
    • Reference Letter
    • Media stories, recognition or awards
  • Customer suggestions or testimonials
• Video Interviews: Pitch Video submission

Click here to apply

For extra info, go to SIA Foundation Start Up Foundry.