Tag Archives: business funding

CARNEGIE MELLON UNIVERSITY AFRICA BUSINESS INCUBATION PROGRAM

Application Deadline: May 20, 2026

LOCATION: Rwanda

The Business Incubation Program is a 12-month opportunity focused on helping tech founders in Africa to succeed with their entrepreneurial ventures. Startups entering the Business Incubation Program have a proof-of-concept prototype for their product and a preliminary market assessment. The goal is for startups to leave the program with a revenue-generating product that is positioned to successfully compete for additional investment they will need to scale.

ELIGIBILITY:

Eligible startups must be less than two years old and meet the following at the time of application:

Be building a scalable, tech-enabled solution addressing a clearly defined market opportunity across Africa

Have a proof-of-concept prototype with early validation and a clear path to profitability, scalability, and inclusive impact

Demonstrate strong market understanding and a credible business model

Be led by at least two committed co-founders able to dedicate full-time effort to the venture and program

Be a registered company. 

They will not consider applications from startups with the following criteria: 

Marketplaces (E-commerce, middleman platforms)

Late-stage startups, which have raised significant capital and earn consistent revenue

Startups without potential to generate jobs

Non-tech enabled startups

Startups without functional prototypes

Startups that have been through more than two similar programs in the past 12 months

BENEFIT:

$50,000 USD in seed funding from CMU-Africa

12 months of targeted advisory support from experienced practitioners across product, growth, compliance, and investment to drive revenue, scale, and investor readiness.

$5,000 in AWS credits and $1,500 in Amazon technical support

Introductions to angel investors, VCs firms, and partners in Africa and Pittsburgh

Opportunity to connect CMU-Africa’s partner ecosystem across Africa

Connection to global entrepreneurship networks, including startups and industry partners at CMU’s Swartz Center for Entrepreneurship in Pittsburgh

APPLY

BAYER FOUNDATION WOMEN ENTREPRENEURS AWARD 2026

Application Deadline: 13 April at 23:59 (CEST).

LOCATION: The Netherlands

The Bayer Foundation Women Entrepreneurs Award is a 6-month accelerator for women founders building proven solutions in health and food security.

They’re selecting 15 ventures across Asia, Latin America, Africa, and the Middle East to strengthen fundamentals and build investor readiness.

ELIGIBILITY:

You are eligible if you:

Are a woman founder, co-founder, or senior leader with decision-making power in an operating venture beyond the idea stage

Build in health or food security in Asia, Latin America, Africa, and/or the Middle East with measurable impact for low- and middle-income communities

Have traction and are ready to scale, including annual revenue of up to USD 1,000,000, or strong evidence of growing revenue and demand if you are pre-break-even

Meet the legal and incorporation requirements, including operating as a social enterprise (a for-profit with a social or environmental mission)

Non-profits may apply if they have a clear pathway and intent to launch or convert to a for-profit entity within 12–24 months. Your organisation must be incorporated on or before 1 January 2025.

They are looking for ventures that are beyond the idea stage and already operating.

This includes:

Start-up stage (a solution with a working model and early traction)

Growth stage (a venture building repeatable operations and demand)

Scaling stage (expanding into new markets or significantly increasing reach)

Note: Idea-stage concepts are not eligible.

Nonprofits can apply if they have a clear pathway and alignment to launch a for-profit entity within 12–24 months and meet all other eligibility requirements. Registered charities and sole traders are not eligible.

BENEFIT:

This global accelerator combines funding, tailored support, and visibility to help you grow with clarity and credibility. As one of 15 awardees, you’ll receive:

Accelerator Program: Access six months of tailored support to strengthen your business fundamentals, sharpen your financials and impact metrics, and prepare for investor-facing moments.

Sponsored Trip: Travel to Amsterdam (26-30 October 2026) for Awardee Days and the Award Ceremony to pitch your venture, connect with your cohort, and celebrate your achievements.

€25,000 Cash Prize: Receive €25,000 in non-dilutive funding to grow your business, expand your reach, and invest in what comes next with confidence.

Visibility and Recognition: Share your work on a global stage through storytelling, media exposure, and video content that strengthens your credibility and reach.

Alumni Community: Join the Bayer Foundation women-led alumni movement for peer support, shared visibility, and opportunities to collaborate beyond the program.

Join Impact Hub Network: Tap into Impact Hub’s global network and expertise for local ecosystem support, founder connections, and opportunities that help you scale across markets.

APPLY