Young entrepreneurs in Benin now have a chance to transform their startup dreams into thriving businesses as the government rolls out the “Next Impact” program—a bold initiative designed to fuel innovation and job creation. Applications are now open through June 14, 2025.
With backing from the World Bank under the PF2E (Employment and Entrepreneurship Training Project), the program offers selected applicants up to CFA30 million in funding, alongside six months of intensive business support—including training, expert coaching, and access to strategic mentorship networks.
“Next Impact” is more than just a grant; it’s a full-scale launchpad for young founders. The program targets high-potential sectors such as agro-industry, green economy, tech, light manufacturing, cultural and creative industries, deeptech, and high-value services. These industries are seen as key to building resilient, locally grounded businesses that generate jobs and sustainable growth.
A spokesperson from Sèmè City, a key partner in the program, explained that the aim is to empower youth to build value-driven businesses tailored to the realities of Benin’s economy.
But while the vision is bold, the challenges remain stark. According to a 2021 report by the Business Creation Observatory, only 20% of youth-led startups in Benin survive long-term. Barriers such as limited financing, insufficient training, and fragile business ecosystems continue to stifle entrepreneurial progress.
“Next Impact” hopes to tackle these obstacles head-on by offering a more structured pathway from idea to execution. Still, experts caution that long-term impact will depend on the program’s follow-through—from effective project selection to quality mentorship, and from market access support to cutting red tape for startups.
If well-implemented, “Next Impact” could become a catalyst for a new wave of youth-led innovation in Benin, redefining the country’s entrepreneurial landscape and unlocking a generation of homegrown business leaders.
