Funding: Tony Elumelu Entrepreneurship Programme (TEEP) 2018 for African Entrepreneurs ($USD 5,000)

Funding: Tony Elumelu Entrepreneurship Programme (TEEP) 2018 for African Entrepreneurs ($USD 5,000)
Deadline:1 March 2018, Midnight (WAT) 

Africa’s largest philanthropy supporting entrepreneurship – The Tony Elumelu Foundation (TEF) is now accepting applications for business ideas that can transform Africa. 

1,000 entrepreneurs will be selected based on the viability of their idea, including: market opportunity; financial understanding; scalability; and leadership and entrepreneurial skills demonstrated in the application.

The Programme, in its 4 cycle, is TEF’s 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs by 2024.

TEF Founder, serial entrepreneur and philanthropist Tony O. Elumelu, CON said:

When we launched the TEF Programme and committed $100 million to empowering Africa’s entrepreneurs, I knew we would create impact, but I never imagined it would be impact of this magnitude. We have unleashed a movement of African entrepreneurs — a force so strong, so inspiring, that I am confident they will collectively transform Africa. We need Africa’s best and brightest entrepreneurs to come learn, grow their businesses and build our continent.” 
Eligibility:

1. The business must be based in Africa

2. The business must be for profit

3. The 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

How to apply 

Complete the online application at 

www.application.tonyelumelufoundation.org 

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