Deadline: March 31, 2022
Applications are now open for the 2022 Tony Elumelu Foundation Entrepreneurship Programme to celebrate 10 Years of empowering African Entrepreneurs & Catalysing Africa’s Development.
The Tony Elumelu Foundation is the leading champion of entrepreneurship in Africa. The objective is to empower women and men across the continent, catalysing economic growth, driving poverty eradication and ensuring job creation. They believe the private sector’s role is critical for Africa’s development and that the private sector must create both social and economic wealth.
Since 2015, the TEF Entrepreneurship Programme – the only African-funded entrepreneurship catalyst of its kind – has empowered 15,847 African entrepreneurs with non-returnable seed capital of $5,000 each; twelve weeks of business management training; access to experienced mentors; and membership to Africa’s largest entrepreneurial ecosystem.
Benefits:
- African entrepreneurs with business ideas or existing businesses under 5 years, are encouraged to apply now for $5000 seed capital, mentorship, business management training and more on the 2022 Tony Elumelu Foundation Entrepreneurship Programme.
There are two stages of funding available to start-ups:
- First stage seed capital funding of $5,000 – a non-returnable investment dispersed at the 12-week start-up enterprise toolkit (learning) programme, upon submission and review of a business plan.
- Second stage capital ‘investment’ of $5,000 – for qualifying startups that have progressed their business plans sufficiently. This is structured as a convertible loan.
How the Programme Works:
- The TEF training curriculum has been designed to segment entrepreneurs based on demonstrated capability and knowledge.
- The training has been tailored to educate and capacities you in starting or growing your business to overcome the challenges faced by entrepreneurs across the African continent.
Eligibility Criteria:
- The Tony Elumelu Foundation Entrepreneurship Programme is open to entrepreneurs across Africa: new start-ups and existing young businesses, operating in any sector.
- Prospective applicants should apply now on the digital networking hub for African entrepreneurs.
