The Tony Elumelu Foundation (TEF) has officially launched the application window for its highly anticipated 2026 Entrepreneurship Programme. This initiative presents a transformative opportunity for African business founders to secure non-refundable seed funding of $5,000, coupled with comprehensive training and mentorship designed to propel early-stage ventures to success.
More Than Money: A Holistic Support Ecosystem
While the substantial seed capital is a significant draw, the programme's value extends far beyond financial injection. Selected entrepreneurs will gain access to a robust support system crafted to build sustainable enterprises. This includes a structured 12-week business training course delivered digitally via the TEFConnect platform. The curriculum covers essential pillars like business strategy, financial management, operational planning, and market expansion.
Furthermore, participants are paired with seasoned mentors—experienced business leaders and industry experts—who provide one-on-one guidance. This mentorship is pivotal for navigating startup challenges, refining business models, and strategizing for long-term growth and scalability.
Unlocking Networks and Market Access Across Africa
A standout feature of the TEF programme is the unparalleled access it grants to a pan-African network. Entrepreneurs become part of a vibrant community connecting them to fellow founders, investors, corporate leaders, and policymakers. This exposure is instrumental in opening doors to new markets, fostering collaborations, and attracting follow-on investment, opportunities often out of reach for early-stage businesses.
Since its inception in 2015, the foundation has demonstrated a profound impact, deploying over $100 million to empower more than 20,000 entrepreneurs across all 54 African nations. This commitment is rooted in the philosophy of Africapitalism, which positions the private sector as the primary engine for Africa's sustainable economic development and job creation.
Eligibility and How to Apply for the 2026 Cohort
The programme casts a wide net, seeking innovative minds from across the continent. To be eligible, applicants must be citizens or legal residents of any African country, aged 18 or above. Their business must be in its early stages (typically 0-5 years old) and operate primarily within Africa. The foundation encourages applications from all sectors, including technology, agriculture, creative industries, healthcare, and manufacturing, with a strong emphasis on inclusivity for women and entrepreneurs from Francophone, Lusophone, and Arabic-speaking regions.
The application deadline is 1 March 2026 at 23:59 GMT. There are absolutely no fees to apply or participate. Interested entrepreneurs must submit their application exclusively through the official TEFConnect portal. The process involves creating a profile, detailing the business idea, and outlining a clear growth plan.
This announcement reinforces TEF's ongoing mission to catalyze wealth creation across Africa. As highlighted during the 2025 Abuja Business and Investment Expo, the foundation continues to be a critical force in unlocking the potential of emerging markets and empowering a new generation of business leaders.
