The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, opens applications on its TEFConnect digital platform Applications for the 2021 Tony Elumelu Foundation Entrepreneurship Programme (TEF) are now open!
This year’s intervention prioritises the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities.
The Foundation’s long-term investment in empowering African entrepreneurs is emblematic of Tony Elumelu’s philosophy of Africapitalism, which positions Africa’s private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the continent.
The Foundation’s flagship initiative, the TEF Entrepreneurship Programme, is a 10-year, $100 million commitment to identify, train mentor and fund 10,000 entrepreneurs, capable of changing the face of business across Africa.
Tony Elumelu Foundation Entrepreneurship Programme Eligibility:
1. Having a business idea or the business must be based in Africa
2. The business must be for profit
3. An existing business must be 0-3 years old
4. Applicants must be at least 18 and a legal resident or citizen of an African country.
The Programme provides critical tools for business success, including:
Training: 12 weeks of intensive online training which guides creating and managing a business.
Mentoring: A world-class mentor to guide during the early transformation stages of the business.
Funding: $5,000* in seed capital to prove the concept, plus access to further funding.
Network: Access to the largest network of African start-ups and TEF’s own global contacts.
The Programme, in its 6th cycle, is TEF’s 12-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs by 2024.
Deadline 31 March, 2021