The SIA Foundation has opened applications for Startup Foundry Cohort 3, an entrepreneurship support programme focused on funding and strengthening young-led businesses.
The programme is competitive and designed for founders who already have an operating business and are ready to grow. Six selected entrepreneurs will receive $10,000 each to improve their business operations and expand their reach.
For young Nigerians building in healthcare, agriculture, education, renewable energy, recycling, or light manufacturing, this opportunity offers both funding and visibility.
What the SIA Startup Foundry Is About
The Startup Foundry programme identifies early-stage businesses with clear impact and growth potential.
It focuses on ventures that:
Address real problems in their communities
Create jobs or economic value
Show proof of active operations
Have a clear plan for expansion
The foundation does not just look at ideas on paper. It prioritises businesses that are already running and need structured financial support to move to the next level.
Priority Sectors
Applicants must operate in one of the following sectors:
Healthcare – clinics, health-tech solutions, medical supply chains, diagnostics, preventive care services
Education – edtech platforms, vocational training centres, learning support services
Agriculture – crop production, agro-processing, agritech solutions, storage and distribution
Light Manufacturing – small-scale production businesses with growth potential
Renewable Energy – solar solutions, clean energy distribution, off-grid power services
Recycling – waste management, plastic recycling, circular economy businesses
These sectors were selected because they play a strong role in economic growth and job creation.
Grant Value and How It Can Be Used
Six selected businesses will each receive $10,000 in startup funding.
The grant can be used to:
Purchase or upgrade equipment
Expand production capacity
Improve service delivery
Hire skilled staff
Strengthen marketing and distribution
Improve internal systems and structure
For many early-stage founders, access to funding at this stage can help stabilise operations and prepare the business for larger investments.
Who Is Eligible to Apply?
To qualify for Cohort 3, applicants must:
Be between 20 and 35 years old
Have a business operating for 1–2 years
Operate within one of the listed priority sectors
Present a clear business model and growth plan
Founders should be able to demonstrate that their business is active, not just registered.
How This Supports Young Business Owners
Many young founders in Nigeria face similar challenges:
Limited access to funding
Difficulty scaling operations
Lack of visibility
High cost of equipment and production
Programmes like the SIA Startup Foundry are structured to support entrepreneurs at a stage where small capital injections can make measurable improvements.
For founders who already have traction but need financial support to expand, this grant can reduce pressure and improve stability.
Application Deadline and How to Apply
Application Deadline: March 13, 2026
Apply Here:
https://siafdn.org/startup-foundry/
Enquiries:
info@siafdn.org
Official Website:
www.siafdn.org
Applicants are advised to submit early and ensure all required information is accurate and complete.
Application Preparation Guide
Before submitting your application, consider the following:
Prepare a clear explanation of your business model
Show evidence of operations (sales, customers, partnerships)
Outline how the $10,000 will be used
Present realistic financial projections
Ensure your contact details are correct
Grant selection panels often look for clarity, accountability, and feasibility.
Conclusion
The SIA Startup Foundry Cohort 3 offers direct funding support to young entrepreneurs who are already building solutions in important sectors.
For founders aged 20–35 with 1–2 years of operations, this could be an opportunity to strengthen your business and prepare for long-term growth.
Ngempower.com will continue to share verified funding and entrepreneurship opportunities across Nigeria.
💡 Stay Empowered with NgEmpower
Join our community for daily updates on jobs, skills, and financial growth opportunities.
