THE FOUNDERS SUPPORT INITIATIVE (FSI) GRANT 2026 — UP TO ₦7.5 MILLION NON-DILUTIVE FUNDING FOR AFRICAN FOUNDERS
Do you have a business or startup idea that is ready to grow but you don't want to give away shares just to get funding? The Founders Support Initiative (FSI) has opened applications for its 2026 grant cohort, and it's giving out real money — no equity taken, no shares collected.
What is FSI Grant all about?
FSI is a Pan-African program built to close the gap many young entrepreneurs face: no capital, no mentorship, no network. This is their first cohort (2026), and they say they are aligning with global best practices similar to World Bank, UNDP, and African Development Bank programs.
Selected founders get:
-Non-dilutive funding (money that doesn't cost you equity)
-8–12 week structured training program covering product, growth, and operations
-Mentorship from experienced founders and operators
-Investor exposure through demo opportunities
Grant categories and amounts
-General Startup Grant — ₦750,000 to ₦7,500,000 (any industry, must have MVP or clear traction)
-Youth Grant — ₦750,000 to ₦3,000,000 (ages 18–35, early-stage idea to business)
-Women in Business Grant — ₦1,500,000 to ₦4,500,000 (female-led startups, any sector)
-Innovation & Tech Grant — ₦3,000,000 to ₦7,500,000 (Health, EdTech, Agritech, Fintech, Climate)
You can only apply to one category.
Who is this for? (Eligibility)
-Country/location eligibility: Open to founders based anywhere in Africa, including all Nigerian states, plus African diaspora founders building for the African market
-Age: 18–45 years (Youth Grant specifically is 18–35)
-Must have an early-stage or growing business, ideally with an MVP (minimum viable product) or active market traction
All sectors are welcome
FSI says they especially encourage female founders and teams building outside Lagos and Nairobi — so founders in places like Kano, Kaduna, Zaria, and other Northern cities have a real shot
How the money is paid
Funds are released in tranches, not all at once:
50% upfront when you're accepted
30% after 6 weeks of progress (Milestone 1)
20% after demo day completion (Milestone 2)
Funds can be used for product development, hosting/cloud costs, your first 1–2 hires, marketing, legal/registration, and equipment. It cannot be used for personal expenses or crypto trading.
Deadline for submission
Applications close 31st July 2026. Only 50 spots available, and decision is given within 21 days after applying.
A caution to note
FSI's FAQ mentions a ₦1,000 non-refundable "processing fee" to apply, which they say is to prevent spam applications. Legitimate grants typically don't charge fees, so do your own research and confirm details directly on their official channels before paying anything.
Application link
Apply here: https://founderssupport.org/grants














