The federal government has launched a $350,000 (about N482.4 million) investment fund under the iDICE Programme to support 12 tech-enabled Nigerian startups.The Bank of Industry (BoI) is implementing this initiative, which includes a 12-week Growth Lab acceleration programme.Selected startups will receive intensive growth support, investment readiness training, and up to $350,000 in funding.Eligible startups must be post-MVP with proven market validation through users, pilots, or partnerships.The programme offers structured support, access to industry experts, a $100,000 cash investment (or Naira equivalent) for 7.5% equity, and potential follow-on investment of up to $250,000 if growth targets are met.Applications opened on July 15, 2026, and close on August 19, 2026.Female founders are encouraged to apply.

The programme aims to strengthen venture fundamentals and prepare companies for external investment, positioning them within Nigeria's innovation ecosystem.