Small businesses in Nigeria face many challenges, especially with limited access to funding. The Compass Grant Program For MSMEs was created to help entrepreneurs overcome these barriers by providing financial support, guidance, and resources. With up to 2 million naira available for qualified applicants, this program is a major opportunity for micro, small, and medium enterprises (MSMEs) to grow and scale.
In this article, you will learn the eligibility criteria, selection process, key benefits, and a step-by-step guide on how to apply.
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About Compass Grant Program For MSMEs
The Compass Grant Program For MSMEs is an initiative designed to support small business owners across Nigeria with financial grants. The program targets businesses that are innovative, scalable, and impactful. Unlike loans, these grants do not require repayment, making them highly attractive for entrepreneurs who want to expand without taking on debt.
The program also provides business advisory support, mentorship, and networking opportunities. This ensures that beneficiaries not only get financial assistance but also gain long-term guidance to sustain their growth.
The GET Compass is a grant program that supports small and medium-scale businesses. Get up to 2 million Naira in Grant which enables you to scale up and also facilitates programs that would give you the expertise to carry out your business processes better
GETAccelerated provides a comprehensive suite of resources designed to accelerate your growth and scale your venture:
- Financial Support: Gain access to significant funding to propel business growth and scale your venture.
- Mentorship: Benefit from one-on-one sessions with industry experts, successful entrepreneurs, and seasoned professionals.
- Networking Opportunities: Connect with a dynamic community of innovators, investors, and industry leaders.
- Skill Developmet: Participate in workshops that will enhance your business acumen, technical skills, and strategic thinking.
- Market Access: Get the insights and support you need to effectively enter and thrive in new markets.
Eligibility Requirements
To qualify for the Compass Grant Program For MSMEs, applicants must meet the following requirements:
- Business owners must be 18 years of age and above .
- Business must not be more than three years old.
- Must be available to attend a 2-week workshop in lagos.
- Must be a registered operating business.
- Must show evidence of making business a going concern.
Also Read: Apply For Wema Sara Grant for Nigerian Youth (N2.5 million)
Benefits of the Compass Grant Program For MSMEs
Winning businesses will enjoy several advantages:
- Grant funding of up to 2 million naira for business development
- Mentorship from industry experts to strengthen capacity and decision-making
- Access to networks and investors for future growth
- Visibility and recognition to attract more customers and partners
- Business development resources including training and advisory services
This combination of financial and non-financial support makes the program one of the most impactful opportunities for MSMEs in Nigeria today.
How to Apply for the Compass Grant Program For MSMEs
Here’s a step-by-step guide to applying:
Click Here to Apply For GET Compass Grant Program
Applicants are encouraged to apply early and provide detailed information to increase their chances of selection.
