SIA Startup Foundry 2026: $10,000 Seed Fund for Nigerian Entrepreneurs

The Sola and Ibukun Adeyinka Foundation (SIA) is now accepting applications for its 2026 Startup Foundry program, offering a $10,000 seed fund and comprehensive support to promising Nigerian entrepreneurs. This initiative aims to address the challenges faced by early-stage businesses in Nigeria, providing crucial resources to help them scale, and succeed.

Program Overview

The SIA Startup Foundry is an incubator program designed to foster a conducive environment for Nigerian entrepreneurs to develop their ideas, refine their business models, and bring their visions to life. Recognizing the vibrant entrepreneurial spirit within Nigeria, the foundation seeks to overcome roadblocks such as financial constraints, skill deficits, and infrastructural challenges.

Key Benefits

• Seed Fund: Six exceptional businesses will share a $10,000 seed capital pool, distributed as follows:
  • First Prize: $3,000
  • Second Prize: Two businesses at $2,000 each
  • Three additional awards: $1,000 each
• World-Class Training: 50 entrepreneurs will participate in intensive training programs.
• Mentorship: Access to guidance from experienced industry leaders.
• Networking: Opportunities to connect and collaborate with peers and industry experts.
• Legal & Administrative Support: Assistance navigating regulatory requirements and product development.
• Community: A collaborative network of entrepreneurs for sharing, learning, and growth.

Eligibility Criteria

To be eligible for the SIA Startup Foundry, businesses must demonstrate:

• Scalability and Growth Potential: Evidenced by customer feedback, testimonials, and a detailed business plan with financial projections.
• Market Potential: A clear understanding of market size, industry trends, target market, and competitive landscape, as outlined in the business plan.
• Founder’s Track Record: Demonstrated experience and qualifications through resumes, reference letters, and any available media coverage or awards.
• Uniqueness of Business Idea: A novel and innovative approach to solving a problem or addressing a market need.
• Operational Status: The business must have been operational for 1-2 years.
• Founder’s Age: Founders must be between 20 and 35 years aged.

Application Process

Interested entrepreneurs can apply online and are required to submit the following documents:

• Regulatory ID Card
• Comprehensive Business Plan
• Bank Statement (last 3 months)

Optional documents that can strengthen an application include:

• Reference Letter
• Media reports, recognition, or awards
• Customer feedback or testimonials
• Pitch Video

How to Apply

Applications are currently being accepted. Click here to apply for the SIA Startup Foundry.

For more information, visit the SIA Foundation Start Up Foundry website.