How we work
Expanding the frontiers of knowledge and wealth
Dr Stephen Akintayo with the April, 2023 edition grant winner
How we work
Making lasting positive impact by providing grants and scholarships to individuals and organizations that align with our goals. We are committed to empowering and fostering growth in one million entrepreneurs that are making a social impact and solving a sustainable development problem.
As a foundation, we have a comprehensive approach to grant and scholarship programs. Here's how we work:
Grants
We are dedicated to assisting entrepreneurs who are pushing technical innovation and aligning their businesses with the United Nations' Sustainable Development Goals (SDGs). We believe that utilising technology and sustainable practises is critical for effecting meaningful and long-term change in our society. Through our funding programs, we provide financial support to entrepreneurs who are at the forefront of developing technology-driven solutions that address the challenges outlined by the SDGs. These solutions can span various sectors, including but not limited to education, healthcare, renewable energy, environmental conservation, social justice, and so on
See grantee Resources:
Scholarship
We firmly think that education can have a great impact on people, enabling them to develop, be successful, and realise their potential. Our scholarship programme, which is deeply committed to empowering students, provides a way for deserving people to obtain higher education and realise their limitless potential. Our main goal is to provide opportunities for qualified applicants who have the tenacity and will to succeed both academically and professionally. By providing scholarships, we hope to lower financial obstacles and give deserving people the chance to pursue their academic goals. This will allow them to reach their full potential and leave a lasting impression in their chosen industries.
See grantee Resources:
More about our grant selection process
Our grant selection process for entrepreneurs involves a thorough evaluation of business proposals and business pitch. Other factors are considered such as innovation, market potential, scalability, and social impact. Finalists are evaluated by a judge in the industry to critic and give their feedback in alignment with our mission. Selected entrepreneurs receive financial support and mentorship to fuel their ventures' success.
How we collaborate with grantees
As a foundation, we foster collaborative relationships with our grantees, engaging in open dialogue, sharing expertise, and providing ongoing support. By working together, we strive for meaningful social impact, empower our grantees to achieve their goals and create positive change in their communities.
How we Choose
The Grant can be awarded to any business with a formal and recognized judicial and organizational structure contributing to the overall objective of the grant. The Grant will be awarded to any qualified candidate with business resident in sub-Saharan Africa.
- Selection
How we Measure and evaluate results
We are accommodating and do not demand that our grantees report to us on every project. Nevertheless, we provide our grantees with ongoing mentoring, and we anticipate that after they receive their grant, they will put their ideas into action and invite the foundation along so we can monitor and assess them. One of our award recipients in January wasted no time in putting her grant to the best possible use. She made an instant investment in growing her business by opening her walk-in store, rebranding, and adding new, inventive items, and we can quantify results through these actions.
The Stephen Akintayo
Foundation
We are a forward thinking team aiming to create wealth for all by lifting 1 million Africans out of poverty through our support programmes and scholarships.
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