The foundation of Nigerian entrepreneur Tony Elumelu has launched its 2026 support and funding programme for project leaders and entrepreneurs (TEF 2026). The programme is open to applicants from all 54 African countries. Try your luck and benefit from solid training and a non-refundable seed capital of USD 5,000.
The programme offers non-refundable seed funding of up to USD 5,000, an intensive 12-week professional training, one-on-one mentorship, and international networking opportunities for entrepreneurs in all sectors.
Applications Open for TEF 2026 Until March 1
Non-refundable Financial and Strategic Support
The TEEP takes place in several stages, including application and selection, verification, business management training, business plan development, a pitch competition, and the disbursement of seed capital.
Selected entrepreneurs will benefit from:
- USD 5,000 in non-refundable seed capital
- World-class entrepreneurship training
- Personalized mentorship
- Access to Africa’s largest network of entrepreneurs
This initiative aims to support high-potential founders from the idea stage through to the structuring and growth of their businesses.
Measurable Impact Since 2015
Since its launch, the programme has delivered significant results:
- More than 24,000 entrepreneurs funded
- 2.5 million Africans trained
- 1.5 million jobs created
- USD 4.2 billion in revenues generated
The TEF also stands out for its strong commitment to inclusion, with 46% women among supported entrepreneurs—an unprecedented rate for a programme of this scale in Africa.
Investing in Youth Rather Than Aid
At the launch of the 2026 edition, the Foundation’s founder and Chairman of Heirs Holdings, Tony Elumelu, reaffirmed the programme’s vision:
“Africa’s greatest wealth is its people. Africa does not need aid; it needs investments, especially in its youth. When entrepreneurs are supported, they create jobs, stimulate growth, and transform communities.”
This approach aligns with the philosophy of Africapitalism, which positions the African private sector as the driving force of sustainable development.
How to Apply
- Create an account on www.tefconnect.com
- Complete the online application form before March 1, 2026
- Submit details about your business idea or existing venture
- If selected, you will join the programme and gain access to training, mentorship, and funding
Who Can Apply
The programme is open to Africans who are based on the continent and meet the following conditions:
- Have a business idea or an existing business still in its early stages
- Operate in any sector, provided the idea shows clear potential
- Are willing to fully participate in training and programme activities
Both start-ups and operating businesses are considered, as long as they demonstrate viability and the ability to grow.
About the Tony Elumelu Foundation
The Tony Elumelu Foundation (TEF) is the leading philanthropic foundation dedicated to empowering a new generation of African entrepreneurs, contributing to poverty eradication, job creation, and inclusive economic growth across all 54 African countries.
The Foundation’s work is grounded in the principle of Africapitalism, which holds that the African private sector is the most effective driver of long-term sustainable development on the continent.Since 2015, the TEF has supported over 24,000 entrepreneurs, trained 2.5 million people, helped create 1.5 million jobs, and generated USD 4.2 billion in revenue.
