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iDICE — Investment in Digital and Creative Enterprises (Nigeria)

Program-specific (grants, training and financing under a ~US$600M+ multi-year envelope); individual amounts vary · Federal Government of Nigeria (with African Development Bank, Agence Française de Développement, Islamic Development Bank)

Nigerian government program (with AfDB, AFD and IsDB financing) to support digital and creative-economy enterprises through grants, training, incubation and financing for youth-led startups. Current status: unknown; Multi-year Nigerian public program in implementation; no universal founder application window or per-company grant amount is published. Award economics: Program-specific (grants, training and financing under a ~US$600M+ multi-year envelope); individual amounts vary; dilution/equity: mixed debt, equity, quasi-equity and support.

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Key facts

FunderFederal Government of Nigeria (with African Development Bank, Agence Française de Développement, Islamic Development Bank)
AmountProgram-specific (grants, training and financing under a ~US$600M+ multi-year envelope); individual amounts vary
Decision timeDelivery occurs through Bank of Industry and implementing partners/fund managers; founders must use a specific live component call.
EligibilityTargets Nigerian youth aged 15–35 and digital-technology or creative enterprises; component-specific financing eligibility is not safely inferable from the overall program.
RestrictionsComponent and financing-contract specific; the DICE funds include commercial capital, so this must not be treated as universally non-dilutive. Dilution/equity: mixed debt, equity, quasi-equity and support.
Statusunknown

Always confirm on the official page before applying — dates and terms change.

Application process

  1. Identify a live iDICE skills, ESO, voucher or financing component
  2. Use the program website enquiry/application route
  3. Screening by BOI, implementing partner or appointed fund manager
  4. Receive component-specific training, business development or financing

Background

Federal Government of Nigeria (with African Development Bank, Agence Française de Développement, Islamic Development Bank) operates iDICE — Investment in Digital and Creative Enterprises (Nigeria). The official-source pass separates the currently actionable opportunity from historical cohorts and separates per-recipient value from headline program envelopes. AfDB says the program targets 175,000 people, 451 digital startups, 226 creative enterprises and 75 support organizations.

How the application really works

Identify a live iDICE skills, ESO, voucher or financing component → Use the program website enquiry/application route → Screening by BOI, implementing partner or appointed fund manager → Receive component-specific training, business development or financing

Tips

Watch out for

Track record

No founder-level acceptance rate; the headline beneficiary targets are program outputs, not awards currently available to one applicant.

Frequently asked questions

Is this opportunity actionable now?
unknown. Multi-year Nigerian public program in implementation; no universal founder application window or per-company grant amount is published.
What is the real per-recipient economic value?
Program-specific (grants, training and financing under a ~US$600M+ multi-year envelope); individual amounts vary. Award minimum: not published. Dilution/equity: mixed debt, equity, quasi-equity and support.
Which jurisdictions and applicants are eligible?
Targets Nigerian youth aged 15–35 and digital-technology or creative enterprises; component-specific financing eligibility is not safely inferable from the overall program.
How does selection work?
Identify a live iDICE skills, ESO, voucher or financing component; Use the program website enquiry/application route; Screening by BOI, implementing partner or appointed fund manager; Receive component-specific training, business development or financing. Delivery occurs through Bank of Industry and implementing partners/fund managers; founders must use a specific live component call.
What appears to win?
Digital or creative-sector fit in Nigeria; Youth employment and enterprise-growth potential; Fit to a specific implementation component rather than the headline $618m envelope
What burden or follow-on should I expect?
Component and financing-contract specific; the DICE funds include commercial capital, so this must not be treated as universally non-dilutive. Multiple skills, enterprise-support and finance components; no automatic follow-on for a participant.

Related grants

Google.org AI for Science Funding$20 million original fund; $30 million successor challenge envelope; per-recipient amount not published · Google.orgAlfred P. Sloan Foundation GrantsAward size is program- and proposal-specific; no umbrella minimum or maximum is published. · Alfred P. Sloan FoundationNSF Partnerships for Innovation (PFI)PFI Technology Translation awards up to about USD 550,000 for 18-24 months; Research Partnerships awards up to USD 1 million for up to 36 months. · National Science Foundation (NSF) — TIP Directorateaws Preseed – Deep TechEUR 300,000 maximum; see notes for structure · Austria WirtschaftsserviceRise (Schmidt Futures & Rhodes Trust)Personalized lifetime support can include need-based higher-education funding, a residential summit, mentorship, career services and later project funding; no guaranteed cash amount is published for every Fellow. · Rise (a program of Schmidt Futures and the Rhodes Trust; Eric & Wendy Schmidt committed up to $1 billion)Innovate UK Women in Innovation AwardsGBP 75,000 maximum; see notes for structure · Innovate UK

Sources