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
