The Funke Jones Foundation has rolled out a new initiative aimed squarely at women founders who are ready to grow.
Called SheAscends Growth Capital, the programme is built to give women entrepreneurs in Nigeria what they often struggle most to secure: real funding paired with hands-on business support.
At the heart of it is access to up to ₦100 million in growth capital, designed to help promising businesses scale faster, reach new customers, and strengthen their operations without unnecessary financial strain.
Why SheAscends Is a Big Deal Right Now
For many women-led businesses in Nigeria, getting capital beyond the early stages can feel like hitting a brick wall.
Loans come with heavy repayment pressure, while equity funding often means giving up control too early.
SheAscends takes a different approach.
The grants are equity-free, meaning founders don’t lose ownership or take on debt.
Instead, they get the breathing room to focus on expansion, innovation, and impact.
Beyond funding, the programme aligns with a wider goal: increasing women’s participation in the economy and supporting businesses that can grow sustainably across different sectors.
Who the Programme Is Looking For
SheAscends Growth Capital is open to women entrepreneurs who are already in motion and ready for their next phase.
In simple terms, applicants should meet these key conditions:
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A woman must be the founder or co-founder of a registered Nigerian business
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The business should be active and earning revenue
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There must be clear signs of growth potential, scalability, or meaningful social impact
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The founder should be hands-on in running the business day to day
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A clear plan must show how the grant will directly support growth
Additional details, including sector focus and documentation requirements, are outlined on the official application portal.
What Selected Founders Will Gain
This isn’t just about writing a cheque.
Businesses selected for SheAscends receive support on multiple levels.
Growth Funding Without Equity Pressure
Successful applicants can access up to ₦100 million to invest in areas like expansion, systems upgrades, staffing, market entry, or technology.
Practical Capacity Building
Founders also receive structured support such as mentorship, business strategy guidance, financial management insights, and tailored growth coaching.
Stronger Networks and Market Connections
Participants are plugged into a wider ecosystem of mentors, investors, partners, and fellow founders — opening doors that are often hard to access alone.
Increased Visibility
Through the Funke Jones Foundation’s platforms and partners, selected businesses gain added exposure that can attract customers, collaborators, and future opportunities.
How to Apply Without Stress
The application process is straightforward and fully online. Here’s how to get started:
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Visit the official portal:
👉 https://sheascends.funkejonesfoundation.com/ -
Carefully review the eligibility rules and programme details
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Complete the application form, which includes:
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Founder information
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Business and registration details
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Evidence of revenue or traction
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A growth plan explaining how the funding will be used
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Upload any supporting documents requested
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Submit your application before the deadline listed on the site
There is no application fee, and everything is handled digitally.
What’s Next?
For women entrepreneurs who have built something solid and are ready to scale, SheAscends Growth Capital represents a timely opportunity.
It’s not just about money — it’s about backing women with the tools, confidence, and support they need to move their businesses to the next level.
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