Opportunities
Grants, VC funds, accelerators, and competitions for African entrepreneurs.
Grants, VC funds, accelerators, and competitions for African entrepreneurs.
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$15,000-$25,000 CAD
The African Impact Challenge empowers early-stage innovators solving African challenges with global potential. Run by the African Impact Initiative (Canada) in partnership with the University of Toronto and the Mastercard Foundation, the program provides funding, training, mentorship, and potential incubation in Toronto. Cohort 6 (2026) had two streams: Health Entrepreneurship (HENT, pan-African) and Country Innovation (CI, Nigeria-focused). Over 7,000 founders trained and 100+ businesses funded across 46 countries.
Guaranteed funding of $15,000 CAD with potential for more based on performance
Up to $25,000 CAD total funding available
Extensive entrepreneurship training program
Mentorship from industry experts and academics
Top performers selected for all-expense-paid incubation in Toronto, Canada
Access to University of Toronto network and resources
Connection to Mastercard Foundation ecosystem
Network of 7,000+ alumni founders across 46 countries
International exposure and market access opportunities
Health, Education, Agriculture, Climate, Financial Inclusion, Social Impact (SDG-aligned)
Early-stage African innovators building technology-enabled businesses that solve critical African challenges with global potential. Strong emphasis on SDG alignment and measurable impact metrics. Two streams: health entrepreneurship (pan-African) and country-specific innovation (Nigeria for 2026). Cohort 6 (2026) applications closed January 31, 2026. Cohort 7 applications expected to open November 2026.
Training program, mentorship, potential Toronto incubation (all-expense-paid), alumni network of 7,000+ founders, demo day, investor introductions
Cohort 6 (2026) is closed. Next applications November 2026. The original unverified record listed fundsforngos.org as the website — the correct official site is africanimpact.ca.
The Toronto incubation opportunity for top performers is a major differentiator — provides international exposure and access to Canadian market and investors. The HENT stream benefits from the Africa Health Collaborative partnership with major African universities. Apply early when Cohort 7 opens in November 2026. Measurable impact metrics are key to a strong application.
2020
Active Since
Yes
Deploying
100+ businesses funded across 46 countries, 7,000+ founders trained since inception