ProMoat Capital Drawbridge Grant 2026 – Up to ₦1 Million in Business Grants
Applications are open for the ProMoat Capital Drawbridge Grant 2026, offering two Nigerian businesses non-repayable funding to support business growth. The first-place business will receive ₦1,000,000, while the second-place business will receive ₦500,000.
Grant Details
- Grant: ProMoat Capital Drawbridge Grant 2026
- Provider: ProMoat Capital
- Cohort: January 2027
- Location: Nigeria
- Total Funding: ₦1,500,000
- First Place: ₦1,000,000
- Second Place: ₦500,000
- Type: Non-repayable business grant
- Application Format: Online application followed by phone or video interviews
- Deadline: 31 October 2026
About the ProMoat Capital Drawbridge Grant
The Drawbridge Grant is a business-growth funding programme for operating Nigerian businesses. It is designed for businesses that already have customers and actual revenue, rather than businesses that are still at the idea stage.
ProMoat Capital is an investment firm focused on small and medium-sized businesses in frontier markets, beginning with Nigeria. The grant is separate from its investment activities. Selected businesses may be invited to discuss a possible investment, but participation in such discussions is optional and separate from receiving the grant.
Benefits
Successful businesses will receive:
- ₦1,000,000 for first place.
- ₦500,000 for second place.
- Non-repayable funding.
- No equity surrender or ownership transfer.
- Funding for approved business-growth expenses.
- Optional discussion of potential investment, separate from the grant.
Eligible Business Sectors
Businesses from any sector may apply. Examples include:
- Retail
- Agriculture
- Manufacturing
- Services
- Software
The list is not limited to these sectors. The business must be operating in Nigeria, have paying customers and generate real revenue.
Eligibility Requirements
To apply, the business must:
- Operate in Nigeria.
- Be registered with the Corporate Affairs Commission (CAC) as either a business name or a company.
- Have paying customers.
- Generate actual business revenue.
- Create a free account on ProMoat Capital’s small-business platform to track the application.
- Agree to the grant terms and conditions.
- Agree to the Habaqa app’s terms of use and privacy policy.
A dedicated business bank account is not compulsory, but having one counts in the applicant’s favour and would be used to receive the grant if selected.
What the Grant Can Be Used For
Applicants must explain how they intend to use the funding to grow their business. Eligible expenses include:
- Stock and inventory
- Equipment and tools
- Marketing
- Staff-related expenses
- Other business-growth expenses described in the application
The proposed use of the funds should be connected to the business’s operations and growth needs. Applicants should be prepared to explain why the spending is important and how it will support the business.
Application Process
The selection process has four stages:
1. Submit an Application
Complete the online application form. It takes approximately 20 minutes to complete.
A pitch deck or formal business plan is not required.
2. Application Review and Initial Interview
ProMoat Capital’s investment team will review applications.
Shortlisted businesses will be contacted in November 2026 for an initial interview by phone or video call. The discussion will focus on the business.
3. Final Interview
Finalist interviews will take place in December 2026.
The interview will cover:
- Customers
- Financial performance
- Proposed use of the grant
4. Grant Award and Disbursement
The two successful businesses will be announced and paid in January 2027.
Important Application Information
Applicants should ensure that their:
- Business information
- Revenue details
- Proposed use of funds
are accurate and consistent, as these areas will be relevant during the interview stages.
Application Checklist
Before submitting, ensure that you:
- Operate a business in Nigeria.
- Have CAC registration.
- Have paying customers.
- Generate actual business revenue.
- Create a free account on the ProMoat Capital small-business platform.
- Prepare accurate business and revenue information.
- Clearly explain how you intend to use the grant.
- Agree to the grant terms and conditions.
- Agree to the Habaqa app’s terms of use and privacy policy.
- Submit your application before 31 October 2026.
Application Deadline
31 October 2026
Shortlisted businesses will be contacted for initial interviews in November 2026, finalist interviews will take place in December 2026, and the two successful businesses will be announced and paid in January 2027.
How to Apply
Applications are submitted online through the official ProMoat Capital application page.
Conclusion
The ProMoat Capital Drawbridge Grant 2026 provides ₦1 million and ₦500,000 in non-repayable funding to two Nigerian businesses with existing customers and revenue. Eligible businesses should submit their applications before 31 October 2026.
