N400 Million Business Grant to Support your Small Business
As part of its ongoing ‘Automate and Collaborate’ campaign, Crown Interactive has announced a N400 million value in product and support grant to be offered to 20 medium sized manufacturers, distributors of Fast Moving Consumer Goods (FCMG) and suppliers of raw materials.
It is offering its supply chain software at no charge for one year to 20 companies in the Nigerian market that meet specified criteria
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Read: N20,000 Fund Payment by Federal Government Update
The promotion represents a value of N20 million delivered to each firm in terms of the technology offered and support service rendered.
₦250,000 FG Loan by NDE
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Federal Government SMEDAN Loan
Amount: ₦1,000,000 per Individual
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Lagos State MSME Recovery Fund
Amount: ₦1,000,000 per Individual
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CBN Covid-19 Loan
Amount: ₦1,000,000 to ₦25,000,000 per Individual
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Nigeria Youth Investment Fund
Amount: ₦250,000 to ₦500,000 per Individual
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The special offer presents Crown Interactive’s Supply Chain Management solution to the selected firms and their supply chains. Selected companies will be offered the firm’s suite of Business Support Systems (BSS) free of charge for the first 12 months. Subsequently, it will be available at a monthly fee of N12,000/user but with no obligation on the company to continue to use the service. Other benefits include free software implementation and training as well as export promotions opportunities and access to inventory finance.
The applications within the CICOD BSS can be easily integrated to existing systems within an organisation’s Enterprise Resource Planning (ERP) software or operated independently to provide a platform for automating key business processes. Crown Interactive’s solution is designed to address common challenges relating to the manufacturing supply chain, including customer order, inventory and workflow management and provides a platform for electronic payments and inventory finance.
Commenting on the promotion, Managing Director of Crown Interactive, Wumi Oghoetuoma, said: “We believe that design thinking and technology have combined to redefine the business landscape and that manufacturers that aspire to succeed cannot afford to be left behind. We look forward to showing selected companies the impact of our supply chain software on their operations. Over a year, we are confident that these companies will testify of the impact of our solution in terms of lowering costs, building partnerships for future business growth, balancing their product supply with market demand, and enhancing the customer experience.”
The offer is open exclusively to enterprises involved in manufacturing, key distributors of fast-moving consumer goods, and suppliers of raw materials that are either exporters or have demonstrated an interest in exporting their products. To apply, the firms must also engage over 50 employees and report an annual turnover of over N100 million.