Who This Is For
This opportunity is explicitly designed for ambitious, early-stage African entrepreneurs who are hungry not just for capital, but for structured growth and mentorship.
If you have a compelling business idea that addresses a real problem within an African market, or an existing venture less than five years old that's struggling to scale, TEEP is for you.
This program targets individuals who are coachable, resilient, and ready to commit to a rigorous 12-week training program. Ideal candidates are those who understand that the $5,000 seed capital is a catalyst, not the sole benefit, and are eager to leverage the extensive TEFConnect network and expert mentorship to propel their business forward.
Whether you're in tech, agriculture, services, or manufacturing, if your vision is clear and your drive is undeniable, and you're prepared to put in the work, this accelerator can be transformative for your entrepreneurial journey across Africa.
Who Should NOT Apply
Let's be direct: if your business has been operational for five years or more, this program is not for you – regardless of how viable you perceive it to be.
Similarly, if you're an entrepreneur based outside of Africa, or if your business primarily targets non-African markets, you do not qualify. This is also not for individuals solely seeking a quick cash injection without the commitment to active participation in a 12-week training program and mentorship.
If you are unwilling to engage with the TEFConnect platform, network with peers, or receive guidance, you will not extract the full value from this opportunity.
Do not apply if you are not genuinely committed to building and scaling a business within the African context, or if you lack a clear, viable business idea that can benefit from early-stage support.
What the Selectors Are Actually Looking For
Beyond the stated eligibility, the Tony Elumelu Foundation's selection committee is looking for a blend of entrepreneurial spirit, problem-solving acumen, and a clear vision for impact within Africa.
They want to see genuine passion for your business and a deep understanding of the market you aim to serve. A strong application will articulate a compelling problem, present an innovative and viable solution, and demonstrate a clear path to execution.
Crucially, selectors are assessing the *entrepreneur* as much as the *idea*. They seek coachable individuals who can clearly explain how the $5,000 seed capital will be utilized effectively and how they will leverage the training, mentorship, and network to achieve specific milestones.
Evidence of initial traction (if applicable), a realistic financial projection, and a compelling narrative about your potential to create jobs and contribute to Africa's economic development will significantly strengthen your application.
Key Facts
- •Opportunity Name: Tony Elumelu Foundation Entrepreneurship Programme (TEEP) 2026
- •Funding Organization: Tony Elumelu Foundation
- •Program Type: Accelerator offering seed capital, training, and mentorship
- •Funding Amount: $5,000 non-refundable seed capital
- •Application Deadline: March 1, 2026
- •Geographic Focus: Open to entrepreneurs across all African regions
- •Eligibility: African entrepreneurs with a business less than 5 years old or a viable business idea
- •Key Benefits: $5k capital, 12-week business training, mentorship, access to TEFConnect, networking
Frequently Asked Questions
Is there an age limit for 'young African entrepreneurs' to be eligible for TEEP?
The program description does not specify an age limit for 'young African entrepreneurs.' Eligibility focuses on your business stage (less than 5 years old or a viable idea) and African nationality.
Can I apply if my business has been operating for exactly 5 years?
The eligibility states 'less than 5 years old.' If your business has already reached or surpassed its fifth anniversary, it would likely not meet this specific criterion.
Is the $5,000 seed capital a loan that needs to be repaid?
No, the $5,000 is explicitly stated as 'non-refundable seed capital,' meaning it is a grant and does not need to be repaid.
Do I need to have a fully registered business to apply, or is a viable idea sufficient?
You can apply with either an existing business less than 5 years old or a viable business idea. A fully registered business is not a prerequisite if you have a strong, viable concept.
What kind of commitment does the 12-week business training require?
The program includes a '12-week business training,' which typically involves regular sessions, assignments, and active participation. Applicants should be prepared to dedicate significant time and effort to this component.
Startup911's Take
The Tony Elumelu Foundation Entrepreneurship Programme (TEEP) is a highly competitive, yet incredibly valuable, opportunity for early-stage African entrepreneurs.
The $5,000 non-refundable seed capital is a significant boost, especially for ventures in regions where early-stage funding is scarce. However, the true gold in TEEP lies beyond the money: the 12-week structured business training, dedicated mentorship, and unparalleled access to the TEFConnect network are transformative.
This program is an accelerator in the truest sense, providing critical foundational knowledge and connections. Founders should strategically position their application by clearly articulating their problem, solution, market opportunity, and crucially, how they will leverage *all* aspects of the TEF program – not just the capital – to achieve scalable impact in Africa.
Given the March 1, 2026 deadline, start preparing now; a well-crafted application that highlights coachability, resilience, and a clear vision for growth will stand out in a crowded field.