Plus Incubation Hub Launches Plus Factor Grant Program

Plus Incubation Hub has introduced the Plus Factor Grant Program, designed to support promising entrepreneurs across Africa through a non-dilutive grant fund. This initiative targets entrepreneurs at different stages, including idea, early, and growth stages, aiming to help them build scalable businesses that address real market barriers such as limited access to finance and weak market linkages.

Eunic Alabi, the program lead, emphasized that the Plus Factor Grant Program is not merely a funding opportunity but also provides clarity and support necessary for building sustainable businesses. The program will accept applications from founders and co-founders with valid business ideas, which will undergo a rigorous three-stage evaluation process.

The total grant fund amounts to N1.0 million, with the first, second, and third positions receiving N500,000, N250,000, and N150,000, respectively. Additionally, selected beneficiaries will gain access to business mentorship, pitch coaching, and market visibility opportunities.