These are businesses at idea stage with limited structure, product, or brand. Selection will be through periodic national challenge programs and support will be provided through partner incubation hubs around Nigeria.
The focus is on businesses that are formally registered and have a nascent structure, product, and brand, and are piloting/ testing their product or service. Selection will be through the annual All On/ USADF Nigeria Off Grid Energy Challenge which kicks off in January each year and awards up to $100,000 per selected business in the form of $50,000 of convertible debt and $50,000 of grant capital. Additional non-financial support for selected businesses is provided directly from the All On Hub, as well as from USADF’s local implementing partner Diamond Development Initiatives (DDI)
USADF-All On Nigeria Off-grid Energy Challenge
The Nigeria Off-Grid Energy Challenge is a joint effort by the U.S. African Development Foundation (USADF) and All On to provide angel stage funding for Nigerian businesses that are developing, scaling-up or extending the use of proven technologies for off-grid energy to reach communities not served by existing power grids. Through the annual Challenge, each of the selected enterprises receive up to $50,000 in convertible debt and $50,000 in grant capital. Apart from the funding, the beneficiaries will also receive technical assistance from USADF and governance support from the All On Hub. Support for the 2020 Challenge has also been provided by the Rockefeller Foundation.
THE APPLICATION WINDOW IS OPEN FROM JANUARY 15 – FEBRUARY 29, 2020
REQUEST FOR PROPOSALS FOR THE USADF-ALL ON NIGERIA OFF-GRID ENERGY CHALLENGE:
USADF-ALL ON NIGERIA OFF-GRID ENERGY CHALLENGE PROPOSAL TEMPLATE:
These are established, post pilot companies that have customers, are earning revenue, and are ready to scale. Growth companies that are selected receive a variety of non-financial cross functional support to address the primary issues hampering their ability to scale and connect more Nigerians to affordable, reliable, clean energy.
Support is provided to selected foreign off grid companies (or investors) entering the Nigerian market to ease their market entry, including short term office space. Support can also be provided to established Nigerian companies in other sectors that are entering the off grid energy space.