The Theobarth Grant and How to Apply for It
The Theobarth Grant is a grant that the government offers to people who want to start their businesses. The grant is worth $2200 or N1.2 Million Naira and it can be used for any business-related expenses.
The grant can be applied for by filling out a form on the Entrepreneur’s website, or through grant handlers known as coordinators. The applicant has to provide some basic information about the company, such as its name, location, and the number of employees. They also have to provide some financial information about the company’s expenses and revenues over the past year.
The Theobarth Grant and What it is
The Theobarth Grant is an award-granting program that supports businessmen and women in Nigeria, it supports the development of their work.
The program has been around for more than 4 years and has been disbursed more than 2 times in Nigeria, admittedly not everyone got it, as some reported no alert, even though their bank details are correct. The grant is awarded to applicants who are at the beginning of their careers, who have not yet received recognition, and whose business or business ideas are impressive.
How to Apply for the Theobarth Grant
Theobarth is a grant that is made available to those who want to start their own business. The TheobarthGrant provides entrepreneurs with a two-time payment of $2,200 each or the Naira equivalent.
The application process for the Theobarth Grant consists of two parts: an online application and a personal interview(Mainly for cluster chairmen and grant coordinators)
To be eligible for the Theobarth Grant, you need to be between 18 and 70 years old, have been living in Nigeria for at least three years, have not received any other grants from any NGO in the last 12 months, and have not had any previous involvement in setting up or running a business.
What is a Typical Theobarth Grant Award?
Theobarth Foundation provides grants to businessmen and women who have a strong potential in their work. It is not easy to get a Theobarth grant, but the foundation is looking for men and women who are passionate and diligent in their work.
Theobarth Foundation was founded in 2019 by artist and philanthropist and man of God Apostle Theophilius ebony. His goal was to provide grants and seed funding to Nigerians who have a strong potential in their work.
The foundation prefers that beneficiaries be passionate about their work and be diligent in it as well. To get a Theobarth grant, the applicant must submit a proposal on what they need funding for, how they will use it, and why they deserve it.
List of countries for Theobarth grant
Sadly Theobarth is only available in Nigeria, for now, though there are plans for it to expand to other countries in Africa.
The Benefits of Receiving a Theobarth Grant
Theobarth Grant is a way to raise capital for small businesses, which can the future grow to become big. This award is given to individuals who want to start their business in Nigeria, or have already established business in Nigeria.
The benefits of receiving a Theobard Grant are two-fold. First, it provides financial assistance for the beneficiaries to start up a business and it provides capital for an already established business to expand or consolidate.
Theobarth grant disbursement Latest Update 2022
The beneficiaries are yet to receive their grant for the 2020/2021 grant cycle. According to official sources, disbursement is set to occur on or before November 2022 for the 2020/2021 cycle. The Nigerian account number and banks accepted by Theobarth grant for disbursement according to comrade Osinachi are as follows
- Access bank
- Eco bank
- Zenith bank
- First bank
- Union bank
- GT Bank
- Polaris bank
- Kuda bank
- Fidelity bank.