Complete Guide to Tony Elumelu Foundation (TEF) Grants for Makurdi Entrepreneurs
The Tony Elumelu Foundation (TEF) ranks among the largest and most influential entrepreneurship support initiatives in Africa. Annually, numerous entrepreneurs throughout Africa are awarded $5,000 in non-refundable seed funding, top-notch business training, mentoring, and connections to international business networks.
For business owners in Makurdi, Benue State, the TEF grant represents a significant chance to either expand or start a business—particularly in an area where obtaining financial resources can be challenging. Whether your venture is in agriculture, fashion, technology, food services, logistics, or another field, TEF offers a transformative opportunity to realize your aspirations.
This comprehensive guide outlines everything essential, from eligibility criteria and application processes to timelines, strategies, success tips, and how Makurdi Biz can assist you throughout your TEF experience.
What Is the Tony Elumelu Foundation (TEF)?
The Tony Elumelu Foundation (TEF) is a philanthropic organization, established by Nigerian entrepreneur and investor Tony O. Elumelu. TEF is dedicated to empowering entrepreneurs throughout all 54 African nations. Also, the foundation has emerged as one of the foremost advocates for entrepreneurship on the continent. Since it was founded, TEF has offered business education, mentorship, grants, and networking opportunities to tens of thousands of entrepreneurs throughout all African nations.
Overview of TEF Grants and Programs
The TEF Entrepreneurship Programme is the flagship grant initiative and is widely recognized. Each year, TEF selects a new group of entrepreneurs to benefit from:
World-class business education
Individual mentorship
Access to networks and markets
A non-repayable seed capital of USD $5,000
In 2025 alone, TEF chose 3,000 entrepreneurs from various parts of Africa for its 11th cohort, aiding them in scaling their businesses and creating sustainable models.
In addition to the main programme, the Foundation has launched new initiatives such as:
IYBA-WE4A Entrepreneurship Programme
In partnership with the European Union (EU) and GIZ, this programme targets women entrepreneurs with eco-friendly business concepts in multiple African nations.
Aguka Ideation Programme
In collaboration with UNDP Rwanda, this programme offers support to young Rwandan entrepreneurs aged 18-30 with early-stage business ideas, providing seed funding of $3,000 to help turn innovative plans into reality.
The key takeaway for entrepreneurs in Makurdi is that the TEF Entrepreneurship Programme is available to all Africans — including Nigerians — who possess viable business ideas or nascent startups.
Why TEF Grants Matter for Makurdi Entrepreneurs
Makurdi — the capital of Benue State, Nigeria — is experiencing a surge in entrepreneurial spirit, especially in sectors like agriculture, agribusiness, technology, retail, manufacturing, and services. For many entrepreneurs in Makurdi, challenges in obtaining funding and mentorship impede their growth. TEF’s grant addresses this issue by delivering seed capital and ecosystem support that many local startups often lack.
Here’s why TEF is important for entrepreneurs in Makurdi:
Accessible Start up Capital
TEF offers $5,000 in non-repayable funding that does not require equity. For early-stage or micro-businesses, this funding can be crucial for acquiring equipment, expanding inventory, or initiating marketing efforts.
3.2 Training and Mentorship
In addition to financial support, TEF delivers structured business training via its online platform (TEFConnect) and connects entrepreneurs with experienced mentors — frequently established business leaders and consultants.
3.3 Market and Network Access
Being a part of TEF grants access to business networks throughout Africa and beyond, including investors, collaborators, and fellow entrepreneurs — an invaluable benefit for Makurdi entrepreneurs aspiring to expand their reach regionally.
3.4 Alumni Support
Upon completing the programme, entrepreneurs can join the TEF Alumni Network — a dynamic community that fosters continued growth, collaboration, and opportunities.
4. TEF Grant Eligibility Criteria
Before applying, it is essential to ensure your business or idea meets TEF’s eligibility criteria. Here’s what you need:
4.1 Citizenship and Residence
You must be a citizen or legal resident of an African nation. Since Makurdi is located in Nigeria, Nigerian entrepreneurs fulfill this condition.
4.2 Age Requirement
TEF does not impose an upper age limit.
4.3 Business Idea or Startup
Your venture or concept must qualify as either:
A startup that is less than 5 years old, or
A viable business idea you intend to launch.
4.4 One Business Focus
You can submit only one business idea.
4.5 Scalable and Feasible
The company should demonstrate potential for growth, innovation, and significant influence in its industry.
The Tony Elumelu Foundation
4.6 Exclusions
TEF does not endorse:
Research institutions
Religious organizations
Government contractors
Businesses operating outside Africa
Firms that negatively impact the environment
The Tony Elumelu Foundation
5. Step-by-Step Guide to Applying for TEF Grants
To apply for a TEF Grant, follow these essential steps. Here’s how entrepreneurs in Makurdi can navigate the process:
Step 1: Register on TEFConnect
Go to TEFConnect.com, the official online platform of the Tony Elumelu Foundation. Create an account using your email address and personal information.
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Step 2: Complete Your Profile
After signing up, provide all necessary personal and business details. Clearly outline your business concept, mission, and strategy.
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Step 3: Prepare Your Business Information
Collect important documents and information required for the application:
Business name and registration (if applicable)
Overview of your product or service
Details about your target market
Business objectives and revenue model
A brief executive summary or pitch synopsis
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Step 4: Submit Your Application
Fill out the online form completely before the deadline (typically between January 1 and March 1 each year). Review your answers carefully to eliminate mistakes.
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Step 5: Confirmation and Follow-Up
After submission, you will receive a confirmation email. If shortlisted, TEF may reach out for additional documentation or verification.
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Step 6: Participate in Training and Mentorship
If chosen, your next step will be engaging in business management training and mentorship through TEFConnect. This is crucial for accessing your seed capital.
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6. How TEF Selects Beneficiaries
The selection process is both competitive and thorough. TEF assesses applications based on:
Viability of the business concept
Market demand and scalability
Entrepreneurial capabilities and mindset
Financial comprehension and preparedness
The Tony Elumelu Foundation
In 2025, TEF received more than 200,000 applications, selecting only 3,000 entrepreneurs. This indicates intense competition, and you must present a compelling business case to distinguish yourself.
The Tony Elumelu Foundation
7. Tips to Improve Your Chances of TEF Grant Success
Here are some practical suggestions to enhance your application:
7.1 Craft a Clear and Scalable Business Idea
Articulate not just what your business does but also its significance and potential for growth. Consider the regional impact beyond just the local market.
7.2 Highlight Social Impact
TEF appreciates ventures that aid in job creation, poverty alleviation, and community development — connect your objectives to tangible outcomes.
7.3 Get Organized Before You Apply
Preparation is essential. Assemble business registration documents, identification, and financial projections in advance.
7.4 Use Simple, Clear Language
Draft your proposal in a manner that is straightforward and comprehensible, even for evaluators unfamiliar with your industry.
7.5 Leverage Local Support
Engage with local business development centers, hubs, or mentors in Makurdi who can assist you in refining your pitch.
8. After You’re Selected: What Comes Next?
Being chosen for TEF’s programme marks the beginning of the journey. Here’s what to anticipate:
8.1 Business Training
Selected entrepreneurs will undergo premier training modules covering:
Business strategy
Financial management
Marketing and sales
Growth strategies
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8.2 Mentorship
Customized guidance from expert mentors will aid you in fine-tuning your business plan and tackling obstacles.
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8.3 Seed Capital Funding
Upon completing training and fulfilling programme requirements, you will receive $5,000 in non-refundable seed funding to expand your business.
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8.4 Networking Events
TEF organizes events and gatherings that connect you with fellow founders, investors, and potential partners from across Africa and worldwide.
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9. TEF Success Stories: Inspiration for Makurdi Entrepreneurs
Throughout the years, TEF alumni have established robust businesses in various sectors, including technology, agriculture, health, fashion, and energy — many originating from towns and cities just like your Makurdi. With over 21,000 entrepreneurs funded and trained since 2015, the model has proven to create lasting economic impact
Common Mistakes to Avoid While Applying
Avoid these traps that may invalidate your application:
Providing incomplete or inconsistent business information. Selecting numerous businesses in one app.
Failure to demonstrate scalability of an idea. Waiting till the last minute to apply.
Preparation and clarity are critical to success.
11. Frequently Asked Questions (FAQ)
i. Is the TEF Grant free?
Yes, the application and software are absolutely free. TEF does not charge for applications or training.
The Tony Elumelu Foundation
Can I apply for a business older than 5 years?
No, TEF concentrates on early-stage enterprises and ideas that are less than five years old.
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Can I reapply if not selected?
Yes, if you are unsuccessful, you can reapply in a future application cycle with the same or better
Conclusion
The Tony Elumelu Foundation (TEF) Grants provide an excellent starting point for ambitious Makurdi entrepreneurs. This program, which includes training, mentoring, seed funding, and a strong network, can help turn a company idea into a successful venture.
Whether you work in agritech, fashion, services, manufacturing, or technology, TEF provides an inclusive opportunity to grow and scale your business. Begin preparing your application early, fine-tune your company pitch, and take advantage of this life-changing award opportunity.
Makurdi entrepreneurs can greatly improve their chances of being part of TEF’s next generation of African business leaders by knowing the procedure, meeting the eligibility criteria, and presenting a compelling case.
