Standard Bank – Tuksnovation
Innovation Challenge 2026
GROW YOUR VENTURE
Apply now to be one of 20 founders taking part in a 3 month programme designed to help entrepreneurs scale innovative, growth ready businesses.
CLOSING DATE EXTENDED:
8 May 2026
The Standard Bank TuksNovation Innovation Challenge 2026 introduces an evolved, impact-driven programme designed to support high-potential entrepreneurs in building scalable and sustainable businesses.
Through a focused three-month development journey, participants gain access to expert mentorship, business diagnostics, and tailored growth support.
The 2026 edition places emphasis on a more curated cohort, broader sector inclusion, and strengthened post-programme development to ensure long-term business success and market readiness.
The purpose of the Standard Bank
Tuksnovation Innovation Challenge
Support established, high-potential entrepreneurs in scaling their businesses.
Promote innovation and competitiveness in priority economic sectors.
Strengthen enterprise resilience, operational efficiency, and market readiness.
Facilitate access to funding for sustainable, growth-ready businesses.
Foster long-term entrepreneurial success through structured post-programme support.
Strengthen partnerships between academia, industry, and the private sector.
Programme Structure
- Three-month programme with business diagnostics, masterclasses, and mentorship, focusing on established entrepreneurs.
- The 2026 cohort is limited to 20 entrepreneurs operational for over two years, emphasizing scaling and sustainability.
- Includes non-tech sectors like agribusiness, green economy, manufacturing, wellness, and creative industries.
- Six-month follow-up with market linkages, funding advice, and business reviews to sustain growth.
Award Criteria and Evaluation
Grant prize awarding decisions are based on financial stability, scalability, impact, leadership, and sector alignment evaluated by expert judges.
Awardees receive guidance on financial planning, procurement, and reporting to ensure effective use of funds.
Ongoing milestone tracking and reviews ensure funding drives meaningful business expansion and sustainable impact.