Lagos Startup Innovation Fund 2025: How to Access ₦31 Billion Funding for Your Startup

Lagos State has unveiled a ₦31 billion Startup Innovation Fund in 2025 to support innovative startups across technology, creative industries, and scalable solutions. This initiative addresses one of the biggest challenges facing Nigerian startups, which is access to capital.

With this fund, Lagos aims to create jobs, promote innovation, and strengthen its position as Africa’s leading entrepreneurial hub.

What the Lagos Startup Innovation Fund Offers

The fund provides financial support through grants, soft loans, and equity financing for both early-stage and growth-stage startups.

By targeting companies in fintech, healthtech, agritech, edtech, and creative industries, the fund ensures that Lagos-based startups with high growth potential have the resources to scale and succeed.

Who Can Apply for Lagos Startup Funding 2025

Startups that demonstrate innovative solutions, a clear market opportunity, and potential for job creation and social impact are eligible.

The initiative prioritises companies ready to make a measurable contribution to Lagos’ economy while fostering technological advancement and entrepreneurship.

How to Apply for the Fund

Interested startups should prepare a comprehensive application including a business plan, financial projections, and evidence of scalability.

Applicants need to clearly explain how their product or service solves a real problem, their target market, and their growth strategy.

Applications are reviewed based on innovation, feasibility, and potential impact to ensure the most promising startups receive funding.

Impact on Lagos’ Startup Ecosystem

This ₦31 billion fund is expected to boost Lagos’ economy by creating jobs, encouraging entrepreneurship, and attracting both local and foreign investment.

By supporting startups in high-growth sectors, Lagos is positioning itself as a hub where innovation and creativity can thrive, aligning with global best practices in startup financing.