SMEDAN Launches BRYNE Project, Offering ₦250,000 Seed Grants to 52 Young Nigerian Entrepreneurs
Updated
Updated · msmeafricaonline.com · Aug 14
SMEDAN Launches BRYNE Project, Offering ₦250,000 Seed Grants to 52 Young Nigerian Entrepreneurs
3 articles · Updated · msmeafricaonline.com · Aug 14
Summary
SMEDAN unveiled the BRYNE project on August 14 to help young Nigerians start, grow or scale businesses through training, mentorship, financing links, market access and formalisation support.
Four components anchor the programme: an incubation scheme for 600 youths a year, a campus platform reaching up to 3,000 participants per campus, a digital support network and a weekly startup hackathon.
The hackathon is set to engage 5,000 young entrepreneurs, with 52 winners receiving ₦250,000 each in seed funding to develop ideas or expand operations.
SMEDAN has not yet opened a general application portal or announced deadlines, and warned applicants to rely only on official channels and avoid payment requests from unofficial platforms.
The launch adds to Nigeria's recent push to back youth-led businesses, following the federal government's NiYA × Cascador programme announced on August 14 with up to ₦5 million in funding.