Across Africa, Small and Medium-sized Enterprises (SMEs) remain the backbone of economic growth and job creation, yet many are held back by infrastructure gaps, high operating costs, and limited access to practical growth support. The EridanSeed Programme is designed to change that narrative.
Eridan City is inviting applications from growth-ready Nigerian SMEs to participate in the EridanSeed SME Scale Programme, a structured funding and co-building initiative aimed at helping established businesses overcome operational bottlenecks and unlock sustainable growth.
Why This Program Matters
Many African SMEs fail to scale not because of lack of ideas, but because of weak infrastructure and limited hands-on support. EridanSeed addresses this gap by combining capital with execution, partnerships, and ecosystem access, helping SMEs move from survival mode to sustainable growth.
Program Overview
EridanSeed is a 12-month SME scale programme combining capital, infrastructure support, and hands-on partnership. Selected SMEs will work closely with the Eridan team to strengthen operations, improve resilience, and build new growth engines.
Program Structure
Phase 1: Exploration (3 Months)
Selected SMEs will undergo an in-depth business assessment to identify operational gaps, infrastructure constraints, and untapped growth opportunities. This phase focuses on diagnostics, strategy development, and problem-solving.
Phase 2: Execution (9 Months)
Each selected SME will receive a $25,000 investment alongside hands-on operational support to drive traction, improve systems, and scale sustainably.
Eligibility Criteria
Applicants must meet the following requirements:
• Must be a registered Nigerian SME
• Business must be operational and revenue-generating
• Minimum of 2 years of business operations
• Founder or management team must be actively involved in daily operations
• Business must demonstrate clear growth potential and scalability
• Open to SMEs across multiple sectors
• Willingness to commit fully to the 12-month programme
Benefits
Selected SMEs will receive:
- $25,000 growth funding per business
- Hands-on operational and infrastructure support
- Business diagnostics and growth strategy development
- Access to Eridan City’s ecosystem, partnerships, and resources
- Ongoing mentorship and performance tracking