Of course, you are not the first to have your business idea, but the truth is you could be the first to get it funded.
And the good news is, we have experience helping people to secure funds to start their dream businesses.
Over the past 12 years, we have been working with young and aspiring entrepreneurs across diverse industries to transform into Entrepreneur Millionaires with businesses that are scalable, profitable and repeatable.
And in this post, I will show you how to secure a 6 million naira business grant to start your own business with just N7,500 registration fee.
But first I have to warn you, this is not a get-rich-quick guide but a guide for the aspiring entrepreneurs who really know where they are going and have the tenacity to get there.
Of course, no matter the obstacles.
So, if you think you have the Entrepreneur DNA, then continue reading.
Why a business grant
One advice we always give to young aspiring entrepreneurs is to avoid the temptation of starting a business without enough capital.
The truth is this is suicidal, especially here in Nigeria where studies have shown that 96% of the businesses that started together fail after 10 years
Another study by CBInsight reveals that about 29% of failed businesses is as a result of the owner running out of money.
And the bad news is, only 84% of small businesses reach profitability after their first four years. Of course, this means that the probability of business being profitable after launch is very slim.
And the truth is only a few businesses in Nigeria can survive 4 years without profits and sadly, raising enough funds through venture capital, angels’ network, personal savings or from families and friends is not easy.
So, entrepreneurs seeking to build businesses that will thrive must find alternative funding sources.
And luckily, business grants have always proven to be useful.
But getting one is not quite easy, of course, this is because a business grant means free money and the competition for them is always massive.
In this post, I will show you how to secure a grant of N6 million and an additional N6 million assisted business income without going insane.
So let’s dive in.
Nova New Venture Grant
The Nova New Venture Grant is operated by TreNova Capital, a subsidiary of Trenova LTD, a member of an international business development consulting organization operating in 26 countries spread across 4 major continents.
TreNova Capital’s mission is to transform young and aspiring entrepreneurs into 100 entrepreneur millionaires every year with businesses that will thrive.
It provides funding across diverse portfolios and takes no equity, this allows the beneficiaries of the grant to retain total control over the direction of their businesses and over their teams.
This is predicated on the belief that by giving people access to funds that will enable them to start and grow their businesses, they can transform themselves into successful entrepreneur millionaires.
But just like other grants, getting the Nova grant is not a bed of roses, however, it is still one of the easiest to access in the country.
Continue reading and I will show you how.
How to get the Nova New Venture Grant
To get started, you are required to pay a registration fee of N7,500 to attend the Nova Grant Opportunity Discovery Seminar at Ikeja.
This is a 3-hour seminar where aspiring entrepreneurs are taken through what it takes to win the 6 million Naira business grant and the 6 million assisted business income.
After the seminar, interested entrepreneurs are given registration forms to indicate their interests to enroll in the Mentor Nigeria Academy.
At the Academy, aspiring entrepreneurs are taken through 3 months of intensive training on how to start and run a business successfully in Nigeria.
The training covers 30 modules courses on business development and growth.
Only those who successfully completed their training at the Academy are considered for the grant.
The good news is in the course of this training, the participants are plugged into two existing businesses owned by Trenova LTD to demonstrate what they have learned.
This validated learning methodology known as Earn-while-you-learn is designed to help them raise over N6 million income.
Whoever makes that mark qualifies for the Nova Business Grant of N6 million.
It is as simple as that.
Getting started with the Nova New Venture Grant
To begin this journey today, pay a registration of N7,500 to book a seat at the Nova Grant Opportunity Discovery Seminar.
Download the ticket from Flutterwave and bring it to the Discovery seminar.
At the end of the seminar, fill the registration form to indicate interest to enroll in Mentor Nigeria Academy to begin your entrepreneurship and business growth training.
You can select the enrollment route of Earn-while-you-learn to transfer the financial burden of funding your training at the Academy to LearnNova.
This is one of the technical partners of Trenova Capital and a popular learning support content publishing organization Lagos.
To get started with Nova Grant, register now and don’t forget to download your ticket.