Orange Corners Innovation Fund: Nigeria – Subsidy application 2023

The Orange Corners Innovation Fund (OCIF) is a subsidy programme that provides fund managers with capital to invest in early-stage startups. OCIF supports young, innovative entrepreneurs in Africa, Asia and the Middle East to scale up their businesses and create jobs. OCIF also helps young entrepreneurs prepare for investment and attract commercial follow-up investments.

PSDTK_OC_001
Quality EducationDecent Work and Economic GrowthIndustry, Innovation, and Infrastructure

Project number

NL-KVK-27378529-OCIF23NG04

Total budget

€ 2,200,000

Countries

Nigeria

Project status

Implementation

Budget spent

22.73 %
22.73 % spent

Programme

PSD Toolkit – Phase 2

Tied status

Untied
Startdate:
Enddate:

Contact

iati@rvo.nl

Project partners

FATE Foundation, Netherlands Enterprise Agency

Sectors

Business development services, Formal sector financial intermediaries, Informal/semi-formal financial intermediaries, Small and medium-sized enterprises (SME) development
Transactions
TypeProviderProvider ref.ReceiverReceiver ref.Value (€)DateValue date
Incoming Funds 2,200,000.00 14-03-2024 14-03-2024
Outgoing Commitment FATE Foundation 2,200,000.00 14-03-2024 14-03-2024
Disbursement FATE Foundation 50,000.00 20-03-2024 20-03-2024
Disbursement FATE Foundation 450,000.00 28-06-2024 28-06-2024