Tony Elumelu Foundation Entrepreneurship Programme (TEEP) 2026: How to Apply for the $5,000 Grant
Tony Elumelu Foundation Entrepreneurship Programme opens 2026 $5,000 funding for African startups
Applications are officially open for the Tony Elumelu Foundation Entrepreneurship Programme (TEEP) 2026, one of Africa’s most impactful funding and capacity-building initiatives for young entrepreneurs. The programme offers non-refundable seed capital of up to $5,000, alongside world-class business training, mentorship, and global networking opportunities for African founders across all sectors.
Since its launch, the Tony Elumelu Foundation has supported thousands of entrepreneurs, reinforcing its mission to empower African businesses and drive economic transformation across the continent.
What Is the Tony Elumelu Foundation Entrepreneurship Programme?
The TEF Entrepreneurship Programme is a flagship initiative of the Tony Elumelu Foundation designed to identify, train, mentor, and fund high-potential African entrepreneurs. The programme is open to startups, early-stage businesses, and individuals with viable business ideas, regardless of industry.
Participants gain access to the Foundation’s proprietary TEF Business Management Training Programme, which focuses on practical, real-world business skills tailored to Africa’s unique entrepreneurial challenges.
Who Is Eligible to Apply for Tony Elumelu Foundation Entrepreneurship Programme 2026?
To qualify for the Tony Elumelu Foundation Entrepreneurship Programme 2026, applicants must meet the following criteria:
- Be an African citizen or legal resident
- Have a business idea or an existing business with growth potential
- Operate in any sector
- Be willing to complete all programme stages independently
- Submit accurate documentation during verification
The programme is open to entrepreneurs across all African countries, making it one of the most inclusive funding opportunities on the continent.
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Key Benefits of the Tony Elumelu Foundation Entrepreneurship Programme
Successful applicants to TEEP 2026 will receive:
- Up to $5,000 non-refundable seed capital
- 12 weeks of intensive business training
- One-on-one mentorship
- Global networking and visibility
- Access to TEFConnect, the Foundation’s digital ecosystem
- Long-term skills applicable beyond the programme
The training curriculum is delivered in English, French, Portuguese, and Arabic, ensuring accessibility across Africa.
Programme Stages and Selection Process
The programme follows a structured multi-stage process:
- Application & Screening
- Verification and Onboarding
- Business Management Training
- Business Plan Development
- Pitching Competition
- Seed Capital Disbursement
Only top-scoring participants from the pitching stage will receive funding. Entrepreneurs who do not progress may still access general business training and reapply in future cycles.
Seed Capital Disbursement Explained
Entrepreneurs selected after the pitching stage will receive seed capital via electronic transfer to their business bank accounts. While the maximum funding is $5,000, the actual amount received may be slightly reduced due to banking charges. Partner-funded entrepreneurs may receive different funding amounts, which will be communicated directly.
Application Deadline and How to Apply
- Application Deadline: March 1, 2026
- Application Portal: Tony Elumelu Foundation Official Website
Applicants are advised to prepare strong business ideas and complete all application stages to increase their chances of success.
FAQ
What is the Tony Elumelu Foundation Entrepreneurship Programme?
It is a pan-African entrepreneurship initiative offering training, mentorship, and up to $5,000 seed capital to African entrepreneurs.
Is the Tony Elumelu Foundation grant free?
Yes. The seed capital is non-refundable and does not require equity or repayment.
How much funding does TEEP 2026 offer?
Successful entrepreneurs can receive up to $5,000 in seed capital.
Who can apply for the Tony Elumelu Foundation Programme?
Any African entrepreneur with a viable business idea or early-stage business in any sector can apply.
What is the deadline for TEEP 2026 applications?
The deadline is March 1, 2026.
Is the Tony Elumelu Foundation Programme open to all African countries?
Yes. The programme is open to entrepreneurs across all African nations.
Do I need a registered business to apply?
No. Both business ideas and existing businesses are eligible.
How are beneficiaries selected?
Selection is based on application scores, training performance, business plan quality, and pitching results.
How is the seed capital paid?
Funds are disbursed via electronic transfer to the entrepreneur’s business bank account.
Can unsuccessful applicants reapply?
Yes. Unsuccessful applicants can access general training and reapply in future programme cycles.