Close Menu

    Join us Today

    Join 25,000 other smart people like you, and get every news update in your inbox.

    What's Hot

    New Subsea Cable Project to Connect Nigeria With 19 Nations

    May 25, 2026

    MTN Media Innovation Programme Welcomes 25 Fellows for Cohort 5

    May 25, 2026

    Branch cuts jobs in Kenya and Nigeria even after posting a profitable year

    May 25, 2026
    Facebook X (Twitter) Instagram
    Tech InsiderTech Insider
    • Privacy Policy
    • Terms and Conditions
    • Cookies Policy
    • Contact
    Facebook X (Twitter) Instagram
    SUBSCRIBE
    • Business
    • Entrepreneurship
    • Technology
    • Innovations
    • Reach Out
    Tech InsiderTech Insider
    Home»Startups»Nigeria’s iDICE Startup Bridge debuts, providing startups with grants plus $100,000 equity funding.
    Startups

    Nigeria’s iDICE Startup Bridge debuts, providing startups with grants plus $100,000 equity funding.

    Insider EditorBy Insider EditorNo Comments3 Mins Read
    Facebook Twitter LinkedIn WhatsApp Copy Link
    Follow Us
    Facebook Instagram LinkedIn
    Share
    Facebook Twitter LinkedIn WhatsApp Copy Link

    The iDICE Startup Bridge has officially launched in Nigeria, offering a structured two-track support programme for early-stage and post-MVP startups. Idea-stage founders can access grants of up to ₦10 million ($7,215), while startups that have developed a minimum viable product (MVP) are eligible for $100,000 in equity investment. Applications for the first cohort are now open.

    The initiative is implemented through the Bank of Industry and funded by the African Development Bank, Agence Française de Développement, and the Islamic Development Bank. It forms part of the federal government’s broader Investment in Digital and Creative Enterprises (iDICE) programme, which is tied to Nigeria’s digital economy agenda and aims to boost innovation across the country.

    The Startup Bridge is among the most ambitious early-stage support initiatives the government has launched in recent years. Unlike many programmes that concentrate on Lagos or Abuja, it targets all 36 states and the Federal Capital Territory, signalling a deliberate effort to broaden the country’s innovation pipeline.

    “Founders Lab is a bridge that connects potential to proof, and proof to capital,” said Cindy Ezerioha, Head of Founders Lab, iDICE Startup Bridge. “Each cohort will support 125 aspiring entrepreneurs, guiding them from concept to validated business models. This programme is built for people with innovative ideas, early prototypes, or questions about how to take their first real step.”

    Launched in 2023 with $617.7 million in funding, iDICE is designed to promote investment in Nigeria’s digital and creative sectors. Its first startup investment came in late 2025 through Ventures Platform, one of Africa’s most active seed-stage venture capital firms. The Startup Bridge represents the next phase of the programme, focusing on structured training, mentorship, and access to capital for early-stage founders.

    The Founders Lab, the first pathway under the Startup Bridge, is a 12-week capacity-building programme for idea-stage and early prototype founders. It focuses on validation, business model development, and MVP creation through a structured curriculum delivered by expert facilitators. Each year, 250 participants will receive mentoring and capacity-building support, with the top 100 founders receiving grants of up to ₦10 million ($7,215) to fund product development or launch their ventures.

    The Growth Lab, which will roll out in a later phase, targets startups that have a post-MVP product, traction, and revenue potential. Selected startups will receive $100,000 in equity investment along with support to scale operations, strengthen governance, and refine their fundraising strategy. The programme also provides a pipeline to institutional investors, with match funding available for startups that secure additional external investment.

    “This programme, created under the iDICE umbrella, gives young entrepreneurs across the country a real opportunity to build or scale,” said Vice President Kashim Shettima, Chairman of the iDICE Steering Committee. “We are confident in its ability to reshape early-stage enterprise development and innovation outcomes over time.”

    The Bank of Industry, the implementing agency, said it disbursed ₦636 billion to enterprises across various sectors in Nigeria in its largest annual distribution, with ₦43 billion directed to projects in the creative and digital sectors. Dr. Olasupo Olusi, Managing Director and CEO of the Bank of Industry, added, “We are happy to replicate our success over time with the iDICE Startup Bridge as well.”

    Whether the programme can combine scale with high-touch mentorship and investor connectivity will be one of its early tests. Applications for the Founders Lab close on April 20, 2026, and will be evaluated through a merit-based selection process. Interested startups can apply at www.startupbridge.ng.

    #africa #startup update
    Previous ArticleNigeria Becomes MTN’s Largest Market After Surge in Earnings
    Next Article PivotWings unveils career development platform to address Africa’s employability challenges, introduces scholarships
    Insider Editor
    • Website

    The leading African innovative tech, startup and business news provider. For Ads/enquiries, email 📩 business@techinsider.africa

    Related Posts

    New Subsea Cable Project to Connect Nigeria With 19 Nations

    MTN Media Innovation Programme Welcomes 25 Fellows for Cohort 5

    Branch cuts jobs in Kenya and Nigeria even after posting a profitable year

    Leave A Reply Cancel Reply

    Most Popular
    Update

    New Subsea Cable Project to Connect Nigeria With 19 Nations

    By Insider Editor0

    Orange is backing a new 20,000-kilometre subsea cable project that will connect Nigeria with nearly…

    MTN Media Innovation Programme Welcomes 25 Fellows for Cohort 5

    May 25, 2026

    Branch cuts jobs in Kenya and Nigeria even after posting a profitable year

    May 25, 2026

    Foreign VC exits in Kenya could face a 15% tax under proposed law.

    May 25, 2026
    Our Socials
    • Facebook
    • Twitter
    • Instagram
    More Stories

    New Subsea Cable Project to Connect Nigeria With 19 Nations

    May 25, 2026

    MTN Media Innovation Programme Welcomes 25 Fellows for Cohort 5

    May 25, 2026

    Branch cuts jobs in Kenya and Nigeria even after posting a profitable year

    May 25, 2026

    Foreign VC exits in Kenya could face a 15% tax under proposed law.

    May 25, 2026

    Join Our Community

    Join 25,000 other smart people like you

    Demo
    Tech Insider
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Terms and Conditions
    • Cookies Policy
    • Contact
    © 2026 Tech Insider Africa. All rights reserved.

    Type above and press Enter to search. Press Esc to cancel.

    Cookies Policy - Terms and Conditions - Privacy Policy