GEMS4 Enterprise Challenge Fund

Provides grants to companies to develop innovative products and business models that create jobs and incomes for the poor in Nigeria.

The Fund is closed and no longer receiving applications for funding. There will be no other funding rounds in the future.

Overview

Focused on improving business models and technology in the Wholesale and Retail sector, and also encourages service delivery to underserved market groups.

Looked for solutions to problems such as:

  • access to markets
  • technology
  • information
  • finance

for small and medium-sized enterprises (SMEs), the poor and women engaged in the sector.

The Fund was also open to providers of other related support services such as:

  • distribution
  • market information
  • merchandising
  • information and communication technology
  • financial services

Full information can be found on the GEMS4 website

Background information on the fund

The GEMS4 Enterprise Challenge Fund was a £3.5 million private sector development matching grant fund. It was implemented in Nigeria by the Growth and Employment in States – Wholesale and Retail Sector (GEMS4) market development project. GEMS4’s initiatives facilitate entry into markets; provide technical support for the adoption of innovations and new business models, and leverage investments for the development of key market facilities to support optimal business performance. The project uses a Making Markets Work for the Poor(M4P) approach to implementation. GEMS4 has been in implementation since 2012 and in operation until July 2017.

Contacts

Email: challengefund@coffeynigeria.com

Phone Number: 08188700140

Published 2 June 2015
Last updated 26 August 2015 + show all updates
  1. The Fund is now closed to applications. New funding windows to be announced soon.
  2. Now open for applications
  3. The fund is now closed to applications.
  4. First published.