Govt's iDICE programme earmarks up to $350,000 for Nigerian startups as Growth Lab accelerator opens applications for 12-week hybrid programme
Ife AdebayoBank of Industry

Govt's iDICE programme earmarks up to $350,000 for Nigerian startups as Growth Lab accelerator opens applications for 12-week hybrid programme

The Nigerian government's iDICE programme has launched the Growth Lab accelerator, inviting applications from tech-enabled startups for a 12-week hybrid programme. Selected startups can receive up to $350,000 in funding, including a $100,000 initial investment for 7.5% equity, aimed at fostering business growth.

The Nation Newspaper+1 source2h ago
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The iDICE Startup Bridge programme, an initiative by the Nigerian government, has opened applications for its Growth Lab accelerator, targeting tech-enabled startups across Nigeria's six geopolitical zones. The programme aims to support startups that have developed a minimum viable product (MVP) and demonstrated market traction.125

Selected startups will receive structured growth support, investment readiness training, and a cash investment of $100,000 for 7.5% equity. Additionally, they may qualify for up to $250,000 in follow-on funding if they meet specific growth milestones during the programme.3

According to Ife Adebayo, the National Coordinator, eligible applicants must be founders of tech-enabled startups operating for no more than 12 months and must demonstrate market validation through various indicators such as customers or partnerships. The programme will run for 12 weeks, combining virtual sessions with two weeks of physical engagements in Lagos, focusing on collaboration and business growth.467

Applications opened on July 15, 2026, and will close on August 19, 2026. The organisers have encouraged female founders to apply, emphasizing a transparent, merit-based selection process.8

Key Insight
“Selected startups will receive a $100,000 cash investment for 7.5% equity, with up to $250,000 in follow-on funding upon meeting growth milestones. Applications, open from July 15 to August 19, target tech-enabled startups under 12 months old with market validation.”
CuriousCats studied:
1
The Nation Newspaper
“The iDICE Startup Bridge programme, an initiative under the Federal Government’s Investment in Digital and Creative Enterprises (iDICE) Programme implemented by the Bank of Industry (BoI) has opened applications for Growth Lab, a 12-week acceleration programme that will select 12 tech-enabled Nigerian startups, from the six geopolitical zones, for intensive growth support, investment readiness training, and access to up to $350,000 in funding.”
The Nation Newspaper →
2
The Sun NigeriaThe Sun Nigeria
“The federal government’s Investment in Digital and Creative Enterprises (iDICE) Programme has opened applications for Growth Lab, a 12-week accelerator designed to help high-potential Nigerian startups scale their businesses through mentorship, investment readiness training and funding opportunities of up to $350,000.”
The Sun Nigeria →
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