Are you an aspiring or existing entrepreneur in Africa with a viable business idea? The Tony Elumelu Foundation Entrepreneurship Programme 2026 offers a life-changing opportunity for African entrepreneurs to receive funding, mentorship, and world-class business training.
The programme is powered by the Tony Elumelu Foundation (TEF), founded by Nigerian business leader Tony Elumelu. The foundation is committed to empowering African entrepreneurs and driving economic transformation across the continent.
Each year, thousands of young African entrepreneurs are selected to receive non-refundable seed capital of $5,000, along with training and mentorship support.
About the Tony Elumelu Foundation (TEF)
The Tony Elumelu Foundation is a leading philanthropic organization dedicated to promoting entrepreneurship in Africa. Since launching its flagship Entrepreneurship Programme in 2015, TEF has funded, mentored, and trained thousands of entrepreneurs across all 54 African countries.
The programme focuses on fostering innovation, job creation, and sustainable economic growth by supporting small businesses and startups.
Grant Overview
- Host Organization: Tony Elumelu Foundation
- Programme Type: Entrepreneurship Grant & Business Training
- Funding Amount: $5,000 Non-Refundable Seed Capital
- Eligibility: African Entrepreneurs (Startups & Existing Businesses)
- Coverage: All 54 African Countries
- Application Mode: Online via TEF Portal
What the Grant Offers
The Tony Elumelu Foundation Entrepreneurship Programme is more than just financial support. Selected entrepreneurs receive a comprehensive support package that includes:
1. $5,000 Seed Capital
Each successful applicant receives a non-refundable grant of $5,000 to start or scale their business.
2. Business Training
Entrepreneurs undergo intensive online business training covering business planning, financial management, marketing, and scaling strategies.
3. Mentorship
Participants are matched with experienced mentors who provide guidance and practical business advice.
4. Networking Opportunities
Access to a strong network of African entrepreneurs, investors, and industry leaders.
5. Global Exposure
Opportunities to showcase businesses at TEF events and connect with international stakeholders.
Eligible Business Sectors
The programme supports businesses across various sectors, including but not limited to:
- Agriculture
- Technology
- Fashion & Creative Industry
- Manufacturing
- Healthcare
- Renewable Energy
- Education
- Financial Services
Both innovative startups and existing small businesses are encouraged to apply.
Eligibility Criteria
To qualify for the Tony Elumelu Grant 2026, applicants must:
- Be a citizen or legal resident of an African country.
- Be at least 18 years old.
- Have a business idea or an existing business not older than five years.
- The business must operate in Africa.
- Demonstrate leadership potential and commitment to entrepreneurship.
There are no strict academic requirements, making the programme accessible to a wide range of entrepreneurs.
Required Information for Application
Applicants typically need to provide:
- Personal information and identification details
- Business name and description
- Detailed business plan
- Financial projections
- Explanation of how the $5,000 grant will be used
A strong, clear, and realistic business plan significantly increases your chances of selection.
Selection Process
The selection process is competitive and merit-based. Applications are evaluated based on:
- Feasibility of the business idea
- Market opportunity
- Financial understanding
- Scalability potential
- Impact on job creation and community development
Shortlisted applicants proceed to training before final disbursement of funds.
Why Apply for the Tony Elumelu Grant?
The Tony Elumelu Foundation Entrepreneurship Programme is one of the largest privately funded entrepreneurship initiatives in Africa. Beyond financial support, it equips entrepreneurs with practical skills, mentorship, and a powerful network that can accelerate business growth.
Many past beneficiaries have successfully expanded their businesses, created employment opportunities, and secured additional investments.
How to Apply
- Visit the official Tony Elumelu Foundation application portal.
- Create an account.
- Complete the online application form.
- Submit a detailed business plan.
- Review and submit before the deadline.
Applicants are advised to apply early and ensure all business information is accurate and well-presented.
Conclusion
The Tony Elumelu Foundation Entrepreneurship Programme 2026 is a golden opportunity for African entrepreneurs to turn their ideas into thriving businesses. With $5,000 in seed funding, business training, mentorship, and networking support, the programme provides a solid foundation for entrepreneurial success.
If you have a strong business idea and the determination to succeed, this grant could be the breakthrough you need. Prepare your business plan and apply for a chance to join Africa’s growing network of empowered entrepreneurs.