Tag Archives: Seed 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

2025 TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME

Application Deadline: Saturday, March 01, 2025

LOCATION: Africa

TEF Flagship Entrepreneurship Programme: Open to all entrepreneurs across Africa with business ideas or existing businesses. They encourage applications from businesses leveraging AI as well as green businesses. For existing businesses, business registration must not exceed five years at the time of application. Empowering entrepreneurs across Africa to collaborate, innovate, and succeed.

ELIGIBILITY:

All programmes are open to businesses that are between 0 and 5 years old at the time of application. Businesses older than 5 years are not eligible.

Applicants must be at least 18 years old.

Applications can be submitted on http://www.tefconnect.com, and will be open from 1st of January to the midnight on the 1st of March 2025. Ensure to complete your application well ahead of the deadline.

Applicants are advised to apply to only one programme. We encourage you to carefully review the programme descriptions and select the one that best suits your entrepreneurial and business goals.

The Tony Elumelu Foundation Entrepreneurship Programme application is online, and it is FREE! TEF has NOT appointed anyone to act on her behalf to conduct any part of this Programme. If anyone is asking you to pay any amount of money in exchange for application support, it is a scam. Please report it immediately by sending an email to whistleblower@tonyelumelufoundation.org We will ensure the confidentiality of your information.

BENEFIT:

Selected applicants will receive:

World-class business management training

Mentorship

$5,000 non-refundable seed capital

Access to key networks and markets

Global networking opportunities

APPLY