Monitor this situation.
Unsubscribe anytime.
[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 3 sources · 18 days · First seen · Last updated
SMEDAN entrepreneurship support initiatives in Nigeria
Overview
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has launched several initiatives to support local entrepreneurs through training and financial grants.
In October, a collaborative project between SMEDAN and the Korea International Cooperation Agency (KOICA) awarded ₦21 million in grants to ten young Nigerian entrepreneurs. This program, the Abuja Centre for Entrepreneurship (ACE) Startup Academy, provided winners with training in business modeling, digital capabilities, and AI, as well as an incubation trip to South Korea.
Following this, SMEDAN announced the GROW Nigerian Conference 2026, scheduled for November in Lagos. The initiative aims to create 100 millionaire entrepreneurs by providing capacity building, market access, and financial support. The conference will feature the Zero to 100 Pitch Competition, which offers a ₦100 million prize pool to assist small businesses in overcoming challenges related to capital and tools.
Entities
Small and Medium Enterprises Development Agency of Nigeria · Nigeria · Senator John Owan Enoh · Korea International Cooperation Agency · Charles Odii
Timeline
-
[BUSINESS] 3 sourcesSMEDAN to support 100 new millionaires at 2026 GROW Nigerian Conference
SMEDAN aims to produce 100 millionaire entrepreneurs through training and N100 million in grants at its 2026 GROW Nigerian Conference in Lagos.
-
[BUSINESS] 2 sourcesSMEDAN and KOICA award ₦21m in grants to Nigerian entrepreneurs
Ten Nigerian entrepreneurs have won ₦21 million in grants and a trip to South Korea through the ACE Startup Academy, a joint initiative by SMEDAN and KOICA to support youth and SME innovation.
Sources
authorityngr.com · theabujainquirer.com · tori.ng