Frequently Asked Questions
Who can apply for Tezi Foundation grants?
We support early-stage startups across all industries. Applicants must be at least 18 years old with a viable business idea or existing startup less than 2 years old. Both for-profit and social enterprises are eligible.
What documents do I need to apply?
You'll need to submit:
- Completed application form
- Business plan or executive summary
- Pitch deck (max 10 slides)
- Founder(s) resume/CV
- Financial projections (if available)
Is there an application fee?
Yes, there is a non-refundable application fee of $13.00 USD. This fee covers the processing costs handled by an independent third-party to ensure the authenticity of all applications
How much funding can I receive?
Grant amounts typically range from $2,500 to $10,000, depending on your startup's stage, needs, and potential impact. The average grant awarded is $5,500.
What can the grant money be used for?
Funds can be used for product development, marketing, hiring key staff, equipment, and other operational expenses. We don't fund personal expenses or debt repayment.
Do I need to repay the grant?
No, our grants are non-repayable. However, we do require periodic progress reports.
How long does the program last?
The intensive mentorship phase runs for 6 weeks, followed by ongoing support for 12 months. You'll have access to our network and resources indefinitely.
What does the mentorship program include?
Our program offers:
- Weekly 1:1 mentor sessions
- Business strategy workshops
- Pitch coaching
- Networking events
Is the program virtual or in-person?
Most activities are conducted virtually, with optional in-person networking events in some cities. All required program components can be completed remotely.
How are applicants selected?
We evaluate based on:
- Innovation and market potential
- Founder capability and commitment
- Social impact
- Financial viability
What's the acceptance rate?
We typically accept 5-20% of applicants. For the 2024 cohort, we received 1,200 applications and selected 75 startups for the program.
When will I know if I've been selected?
Initial selections are announced within 3 weeks after the application deadline. Final decisions are made after the mentorship phase.
Can I apply more than once?
Yes! If you're not selected, you can reapply in subsequent cycles. Alumni can apply for growth funding after 18 months.
Do you help with investor connections?
Absolutely. Our Investor Readiness Program helps prepare you for fundraising.
Still have questions?
We're here to help! Contact our support team for personalized assistance.
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