Tony Elumelu Foundation Entrepreneurship Grant | Get $5000 Business Grant

Tony Elumelu Foundation Entrepreneurship Grant | Get $5000 Business Grant

Entrepreneurship is a powerful driver of economic growth, innovation, and job creation, especially in developing economies. Recognizing this, the Tony Elumelu Foundation (TEF) has established itself as a leading force in empowering African entrepreneurs through its flagship Entrepreneurship Grant program. Founded by Nigerian businessman and philanthropist Tony O. Elumelu, the foundation aims to identify, train, mentor, and fund young African entrepreneurs who have the potential to transform their communities and economies.

If you’re an aspiring or established entrepreneur in Africa, the Tony Elumelu Foundation Entrepreneurship Grant could be the catalyst you need to turn your business idea into reality or scale your existing venture. In this article, we will provide a comprehensive guide to the TEF grant, including its benefits, eligibility criteria, steps to apply, and simple tips for a successful application.

What is Tony Elumelu Foundation Entrepreneurship Grant?

Founded in 2025, the Tony Elumelu Foundation Entrepreneurship Grant is a $5,000 seed capital provided to selected entrepreneurs as part of the TEF Entrepreneurship Programme. This grant is non-refundable and is designed to support early-stage businesses across all sectors in Africa. In addition to the funding, beneficiaries gain access to a 12-week business training program, mentorship, and networking opportunities with other entrepreneurs and industry leaders.

The program is part of the foundation’s broader mission to empower African entrepreneurs and create a sustainable ecosystem for business growth. Since its inception in 2015, the Tony Elumelu Foundation has supported over 10,000 entrepreneurs across all 54 African countries, making it one of the largest entrepreneurship programs on the continent.

Read: Global Fund for Women Grant Application

Why Apply for the Tony Elumelu Foundation Entrepreneurship Grant?

1. Seed Funding: The $5,000 grant provides critical financial support to start or grow your business.
2. Business Training: The 12-week training program equips you with essential skills in business planning, marketing, financial management, and more.
3. Mentorship: Access to experienced mentors who can guide you through the challenges of entrepreneurship.
4. Networking Opportunities: Connect with a vibrant community of African entrepreneurs and industry leaders.
5. Visibility: Gain exposure and recognition for your business on a continental and global scale.

Requirements for Tony Elumelu Foundation Entrepreneurship Grant

To qualify for the TEF grant, you must meet the requirements stated below;

1. African Citizenship or Residency: You must be a citizen or legal resident of an African country.
2. Business Location: Your business must be based in Africa and primarily operate on the continent.
3. Business Age: Your business should be less than five years old.
4. Age Limit: You must be 18 years or older to be eligible.
5. Commitment to Impact: Your business should have the potential to create social or economic impact in your community.

Steps to Apply for the Tony Elumelu Foundation Entrepreneurship Grant

Applying for the Tony Elumelu Foundation Entrepreneurship Grant is a very competitive but rewarding process. Here are some steps to help you on your journey;

Step 1: Check Your Eligibility

Before applying, ensure you meet the eligibility criteria. The Tony Elumelu Foundation Entrepreneurship Grant is open to:

• Entrepreneurs who are citizens or legal residents of any African country.
• Businesses that are based in Africa and operate within the continent.
• Startups or existing businesses that are less than five years old.
• Entrepreneurs aged 18 and above.

Step 2: Prepare Your Application

The application process is entirely online, and you’ll need to provide detailed information about yourself and your business. Here’s what you’ll need to prepare:

• Business Plan: A clear and concise business plan outlining your business idea, target market, value proposition, and growth strategy.
• Budget: A detailed budget showing how you plan to use the $5,000 grant.
• Impact Statement: A description of how your business will create social or economic impact in your community.
• Supporting Documents: Any relevant documents, such as business registration certificates, financial statements, or product photos.

Step 3: Create an Account on the TEF Portal

Visit the Tony Elumelu Foundation’s official website and create an account on the TEF Connect platform at https://www.tonyelumelufoundation.org. This is where you’ll submit your application and track its progress.

Step 4: Complete the Application Form

Complete your application form online with accurate and well detailed information making sure that you;

• Clearly articulate your business idea and its growth potential.
• Highlight your unique selling proposition (USP) and competitive advantage in the industry/business you wish to venture into.
• Demonstrate your passion and commitment to entrepreneurship.

Step 5: Submit Your Application

Once you’ve completed the form and attached all required documents, review your application carefully to ensure it’s error-free and compelling. Submit your application before the deadline.

Step 6: Await Feedback

After submission, you’ll receive a confirmation email, after which you are to wait for the selection process and notification. The selection process takes weeks or months depending on the number of applicants so be patient and always check your email. If shortlisted, you will be invited for an interview and pitching to discuss your business further for better understanding before funding.

Tips for a Strong Application

1. Start Early: Give yourself enough time to prepare a thorough and compelling application.
2. Be Clear and Concise: Clearly articulate your business idea, goals, and strategies in simple language.
3. Showcase Your Passion: Demonstrate your enthusiasm and commitment to your business and its impact.
4. Highlight Innovation: Emphasize what makes your business unique and how it addresses a specific problem or need.
5. Provide Evidence: Use data, testimonials, or case studies to support your claims and demonstrate your business’s potential.

What Happens After You Receive the Grant?

If selected, you’ll receive the $5,000 seed capital and gain access to the TEF Entrepreneurship Programme. Here’s what to expect:

1. Business Training: Complete the 12-week online training program to build your business skills.
2. Mentorship: Work with experienced mentors who will guide you in overcoming challenges and achieving your goals.
3. Networking: Connect with other entrepreneurs and industry leaders through the TEFConnect platform.
4. Implementation: Use the grant to implement your business plan and achieve measurable results.
5. Reporting: Submit regular reports on your progress and impact as required by the foundation.