Deadline: March 31, 2023
Established in 2010, The Tony Elumelu Foundation (TEF) is an African private-sector-led philanthropy in Africa championing entrepreneurship and entrepreneurs across the continent. 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.
Application Requirements:
-
Applicants must be 18 years of age and above.
-
All businesses must be business ideas or an early stage company, in the range of 0 to 5 years old.
Benefits:
-
Non-refundable seed funding of $5,000
-
A world class business training for 12 weeks
-
Access to TEF Alumni network with over 15,000 entrepreneurs across’ Africa
-
Mentoring and networking opportunities via Africa’s largest digital platform for entrepreneurs, TEFConnect.net.
The programme stages are as follows
- Application Phase.
- Training & Mentorship Phase.
- Business Plan Submission Phase.
- Pitching Phase.
- Seed Capital Phase.
